Honeywell International (NASDAQ:HON) Issues FY24 Earnings Guidance

Honeywell International (NASDAQ:HONGet Free Report) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $10.15-10.45 for the period, compared to the consensus EPS estimate of $9.93. The company issued revenue guidance of $38.5-39.3 billion, compared to the consensus revenue estimate of $38.46 billion.

Analyst Ratings Changes

Several brokerages have commented on HON. Royal Bank of Canada cut their target price on Honeywell International from $222.00 to $218.00 and set a sector perform rating on the stock in a research note on Tuesday. Citigroup increased their target price on Honeywell International from $243.00 to $244.00 and gave the company a buy rating in a research note on Tuesday. Berenberg Bank upgraded Honeywell International from a hold rating to a buy rating and increased their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. StockNews.com upgraded Honeywell International from a hold rating to a buy rating in a research note on Wednesday, May 15th. Finally, Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $220.38.

Check Out Our Latest Report on HON

Honeywell International Stock Performance

HON stock opened at $207.23 on Wednesday. Honeywell International has a 1 year low of $174.88 and a 1 year high of $210.87. The stock’s fifty day moving average price is $198.71 and its 200-day moving average price is $199.42. The company has a market cap of $134.95 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 2.34 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HONGet Free Report) last announced its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period last year, the firm earned $2.07 EPS. Honeywell International’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Honeywell International will post 9.93 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.08%. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Buying and Selling

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Honeywell International Company Profile

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Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's 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; and thermal systems, as well as wireless connectivity services.

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

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