Analysts expect Honeywell International Inc. (NYSE:HON) to announce earnings of $1.88 per share for the current quarter, Zacks reports. Seven analysts have provided estimates for Honeywell International’s earnings, with the lowest EPS estimate coming in at $1.83 and the highest estimate coming in at $1.90. Honeywell International posted earnings of $1.66 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The business is scheduled to report its next earnings results on Friday, April 20th.
According to Zacks, analysts expect that Honeywell International will report full year earnings of $7.97 per share for the current financial year, with EPS estimates ranging from $7.90 to $8.00. For the next financial year, analysts forecast that the firm will report earnings of $8.75 per share, with EPS estimates ranging from $8.60 to $8.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Honeywell International.
Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.74 EPS.
In other Honeywell International news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the sale, the director now directly owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the sale, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
Large investors have recently made changes to their positions in the business. Welch Group LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $100,000. Wagner Wealth Management LLC acquired a new stake in Honeywell International during the 4th quarter worth $101,000. Taylor Hoffman Wealth Management acquired a new stake in shares of Honeywell International in the 4th quarter worth $113,000. Mascoma Wealth Management LLC lifted its stake in shares of Honeywell International by 113.2% in the 3rd quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after acquiring an additional 428 shares during the period. Finally, Invictus RG acquired a new stake in shares of Honeywell International in the 3rd quarter worth $117,000. 77.97% of the stock is currently owned by institutional investors.
Honeywell International (HON) traded up $2.98 during trading on Wednesday, hitting $154.21. 2,884,407 shares of the stock were exchanged, compared to its average volume of 3,620,000. The stock has a market cap of $118,250.00, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 2.13 and a beta of 0.97. Honeywell International has a twelve month low of $122.40 and a twelve month high of $165.13. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.
Honeywell International announced that its Board of Directors has approved a share buyback plan on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, February 22nd. Honeywell International’s dividend payout ratio is presently 69.63%.
ILLEGAL ACTIVITY WARNING: “$1.88 EPS Expected for Honeywell International Inc. (HON) This Quarter” was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/3254049/1-88-eps-expected-for-honeywell-international-inc-hon-this-quarter.html.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.