$2.03 EPS Expected for Honeywell International Inc. (NASDAQ:HON) This Quarter

Wall Street analysts predict that Honeywell International Inc. (NASDAQ:HONGet Rating) will report $2.03 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Honeywell International’s earnings, with estimates ranging from $2.01 to $2.05. Honeywell International reported earnings per share of $2.02 in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.5%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Honeywell International will report full year earnings of $8.69 per share for the current fiscal year, with EPS estimates ranging from $8.60 to $8.78. For the next financial year, analysts anticipate that the firm will post earnings of $9.76 per share, with EPS estimates ranging from $9.50 to $10.12. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Honeywell International.

Honeywell International (NASDAQ:HONGet Rating) last posted its earnings results on Friday, April 29th. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Honeywell International had a return on equity of 30.04% and a net margin of 15.30%. The business had revenue of $8.38 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year.

A number of research analysts have commented on the company. Citigroup increased their target price on Honeywell International from $229.00 to $232.00 in a report on Monday, May 2nd. TheStreet cut Honeywell International from a “b” rating to a “c+” rating in a research report on Friday, April 29th. Mizuho lowered their price target on Honeywell International from $245.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, February 4th. Zacks Investment Research upgraded Honeywell International from a “sell” rating to a “hold” rating and set a $203.00 price target on the stock in a research report on Tuesday, March 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Honeywell International from $265.00 to $235.00 in a report on Friday, February 4th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $227.14.

In other Honeywell International news, CEO Darius Adamczyk sold 40,000 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $194.52, for a total value of $7,780,800.00. Following the completion of the sale, the chief executive officer now owns 165,015 shares of the company’s stock, valued at $32,098,717.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Evolution Advisers Inc. bought a new position in shares of Honeywell International in the fourth quarter worth about $26,000. TFO TDC LLC bought a new position in shares of Honeywell International in the first quarter worth about $30,000. Rather & Kittrell Inc. bought a new position in Honeywell International during the fourth quarter valued at about $32,000. Landmark Wealth Management LLC bought a new position in Honeywell International during the first quarter valued at about $32,000. Finally, FSB Premier Wealth Management Inc. bought a new position in Honeywell International during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 74.27% of the company’s stock.

NASDAQ HON traded down $2.90 during mid-day trading on Friday, reaching $189.75. 3,882,371 shares of the company’s stock traded hands, compared to its average volume of 4,003,329. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $193.33 and a 200-day simple moving average of $196.75. Honeywell International has a 1-year low of $174.42 and a 1-year high of $236.86. The company has a market cap of $129.17 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 2.30 and a beta of 1.06.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 13th will be given a $0.98 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.07%. Honeywell International’s dividend payout ratio is currently 52.06%.

Honeywell International Company Profile (Get Rating)

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; thermal systems, as well as wireless connectivity and management services.

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Earnings History and Estimates for Honeywell International (NASDAQ:HON)

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