Brokerages expect Honeywell International Inc. (NYSE:HON) to announce earnings of $1.88 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Honeywell International’s earnings, with the lowest EPS estimate coming in at $1.85 and the highest estimate coming in at $1.90. Honeywell International reported earnings of $1.85 per share in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The business is scheduled to issue its next earnings results on Friday, January 25th.
According to Zacks, analysts expect that Honeywell International will report full-year earnings of $7.98 per share for the current financial year, with EPS estimates ranging from $7.95 to $8.00. For the next year, analysts forecast that the company will post earnings of $7.95 per share, with EPS estimates ranging from $7.55 to $8.17. Zacks’ EPS averages are an average based on a survey of analysts that cover Honeywell International.
Honeywell International (NYSE:HON) last posted its earnings results on Friday, October 19th. The conglomerate reported $2.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.04. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.75 billion. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 earnings per share.
Shares of NYSE HON traded down $2.85 during trading hours on Monday, hitting $138.71. 3,163,536 shares of the stock were exchanged, compared to its average volume of 3,037,260. The company has a current ratio of 1.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The company has a market cap of $104.80 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.81 and a beta of 1.04. Honeywell International has a one year low of $137.14 and a one year high of $167.72.
The business also recently declared a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 16th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Thursday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $0.75. Honeywell International’s payout ratio is 46.13%.
In other Honeywell International news, VP Krishna Mikkilineni sold 28,281 shares of the business’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the completion of the transaction, the vice president now owns 91,829 shares of the company’s stock, valued at $13,187,562.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director D Scott Davis sold 3,963 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $149.11, for a total value of $590,922.93. Following the transaction, the director now directly owns 25,764 shares of the company’s stock, valued at approximately $3,841,670.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,644 shares of company stock valued at $6,597,099. 1.33% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP raised its stake in Honeywell International by 17.8% during the third quarter. Marshall Wace LLP now owns 30,978 shares of the conglomerate’s stock worth $5,155,000 after acquiring an additional 4,688 shares in the last quarter. Matthew Goff Investment Advisor LLC purchased a new position in Honeywell International in the third quarter valued at $117,000. Strategic Wealth Partners Ltd. increased its holdings in Honeywell International by 13.9% in the third quarter. Strategic Wealth Partners Ltd. now owns 6,483 shares of the conglomerate’s stock valued at $1,079,000 after buying an additional 789 shares during the last quarter. Burleson & Company LLC purchased a new position in Honeywell International in the third quarter valued at $214,000. Finally, Great Lakes Advisors LLC increased its holdings in Honeywell International by 12.3% in the third quarter. Great Lakes Advisors LLC now owns 30,336 shares of the conglomerate’s stock valued at $5,048,000 after buying an additional 3,314 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.
Honeywell International Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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