Honeywell International (NYSE:HON) Issues FY19 Earnings Guidance

Honeywell International (NYSE:HON) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $7.95-8.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.10. Honeywell International also updated its FY 2019 guidance to $7.95-8.15 EPS.

NYSE HON opened at $172.99 on Friday. The stock has a 50-day moving average of $173.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 1.01. Honeywell International has a 52 week low of $123.48 and a 52 week high of $178.47. The company has a market capitalization of $125.89 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.31 and a beta of 1.10.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, topping the consensus estimate of $2.08 by $0.02. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The firm had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter last year, the company earned $2.12 earnings per share. The business’s revenue for the quarter was down 15.3% compared to the same quarter last year. On average, analysts forecast that Honeywell International will post 8.11 EPS for the current fiscal year.

HON has been the topic of several recent research reports. Credit Suisse Group set a €32.70 ($38.02) price objective on Software and gave the stock a neutral rating in a research note on Friday. Deutsche Bank raised their price objective on Keysight Technologies from $100.00 to $120.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Barclays increased their target price on from $65.00 to $100.00 and gave the stock an overweight rating in a research report on Friday. Zacks Investment Research cut HANNOVER RUECK/S from a hold rating to a sell rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group cut their target price on Boeing from $448.00 to $420.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Honeywell International presently has an average rating of Buy and an average target price of $179.36.

In related news, CEO Vimal Kapur sold 5,000 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $169.58, for a total transaction of $847,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

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

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