$2.04 Earnings Per Share Expected for Honeywell International Inc. (NYSE:HON) This Quarter

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Wall Street brokerages expect Honeywell International Inc. (NYSE:HON) to report earnings per share of $2.04 for the current quarter, according to Zacks. Six analysts have made estimates for Honeywell International’s earnings. The highest EPS estimate is $2.05 and the lowest is $2.00. Honeywell International posted earnings of $1.91 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.8%. The business is expected to announce its next earnings report on Friday, February 7th.

On average, analysts expect that Honeywell International will report full year earnings of $8.14 per share for the current fiscal year, with EPS estimates ranging from $8.10 to $8.15. For the next year, analysts expect that the firm will report earnings of $8.81 per share, with EPS estimates ranging from $8.70 to $9.05. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Honeywell International.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.07. The firm had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. The firm’s revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.03 EPS.

Several equities analysts have weighed in on the company. Morgan Stanley raised their price target on Honeywell International from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. ValuEngine lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Deutsche Bank lifted their price objective on Honeywell International from $189.00 to $199.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Cowen set a $180.00 price objective on Honeywell International and gave the stock a “buy” rating in a research report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $188.45.

HON stock traded up $0.66 on Wednesday, reaching $173.21. The company had a trading volume of 1,799,332 shares, compared to its average volume of 2,568,108. Honeywell International has a 1 year low of $123.48 and a 1 year high of $183.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.32. The company’s fifty day moving average is $175.24 and its 200 day moving average is $170.48. The company has a market cap of $127.58 billion, a P/E ratio of 21.62, a PEG ratio of 2.39 and a beta of 1.10.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a $0.90 dividend. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, November 14th. This represents a $3.60 annualized dividend and a yield of 2.08%. Honeywell International’s payout ratio is 44.94%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Advocates Investment Management lifted its holdings in Honeywell International by 0.8% in the 2nd quarter. Financial Advocates Investment Management now owns 7,309 shares of the conglomerate’s stock worth $1,276,000 after buying an additional 60 shares in the last quarter. Ontario Teachers Pension Plan Board increased its holdings in Honeywell International by 1.4% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 4,292 shares of the conglomerate’s stock worth $749,000 after purchasing an additional 60 shares during the last quarter. Glassman Wealth Services raised its position in shares of Honeywell International by 27.0% in the 3rd quarter. Glassman Wealth Services now owns 282 shares of the conglomerate’s stock valued at $48,000 after purchasing an additional 60 shares in the last quarter. Claraphi Advisory Network LLC raised its position in shares of Honeywell International by 1.3% in the 2nd quarter. Claraphi Advisory Network LLC now owns 4,853 shares of the conglomerate’s stock valued at $847,000 after purchasing an additional 61 shares in the last quarter. Finally, Wealthquest Corp raised its position in shares of Honeywell International by 1.2% in the 3rd quarter. Wealthquest Corp now owns 5,203 shares of the conglomerate’s stock valued at $880,000 after purchasing an additional 61 shares in the last quarter. 75.61% of the stock is owned by institutional investors.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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