$1.18 Earnings Per Share Expected for Honeywell International Inc. (NYSE:HON) This Quarter

Wall Street brokerages expect that Honeywell International Inc. (NYSE:HON) will report $1.18 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Honeywell International’s earnings. The lowest EPS estimate is $1.11 and the highest is $1.32. Honeywell International reported earnings of $2.08 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 43.3%. The business is scheduled to report its next earnings results on Thursday, October 15th.

According to Zacks, analysts expect that Honeywell International will report full-year earnings of $6.90 per share for the current fiscal year, with EPS estimates ranging from $6.60 to $7.25. For the next financial year, analysts forecast that the company will report earnings of $7.70 per share, with EPS estimates ranging from $7.04 to $7.93. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Honeywell International.

Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, July 24th. The conglomerate reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.11. Honeywell International had a net margin of 16.94% and a return on equity of 29.93%. The business had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.28 billion. During the same period in the prior year, the business posted $2.10 earnings per share. Honeywell International’s revenue was down 19.1% compared to the same quarter last year.

HON has been the topic of several analyst reports. Argus reissued a “buy” rating and issued a $165.00 target price on shares of Honeywell International in a research note on Tuesday, July 28th. Deutsche Bank decreased their price objective on shares of Honeywell International from $163.00 to $153.00 and set a “hold” rating for the company in a report on Monday, July 27th. Cowen started coverage on shares of Honeywell International in a research report on Sunday, July 26th. They issued a “buy” rating and a $160.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Honeywell International from $177.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Finally, Robert W. Baird boosted their target price on Honeywell International from $150.00 to $167.00 in a research note on Monday, July 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $160.89.

In related news, CEO Darius Adamczyk sold 20,000 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $163.95, for a total value of $3,279,000.00. Following the completion of the transaction, the chief executive officer now owns 200,677 shares of the company’s stock, valued at $32,900,994.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Campbell Wealth Management acquired a new stake in shares of Honeywell International in the second quarter valued at about $26,000. CVA Family Office LLC acquired a new position in shares of Honeywell International during the 1st quarter worth about $32,000. Baltimore Washington Financial Advisors Inc. bought a new stake in shares of Honeywell International in the 2nd quarter valued at about $33,000. Rockbridge Investment Management LCC acquired a new stake in Honeywell International in the 2nd quarter valued at about $33,000. Finally, Aigen Investment Management LP bought a new position in Honeywell International during the first quarter worth about $35,000. Institutional investors own 75.30% of the company’s stock.

Shares of HON stock traded down $0.93 during trading hours on Friday, reaching $163.68. The company had a trading volume of 2,409,282 shares, compared to its average volume of 3,646,800. Honeywell International has a 1-year low of $101.08 and a 1-year high of $184.06. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.63 and a quick ratio of 1.36. The firm has a market cap of $114.87 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 3.18 and a beta of 1.05. The company has a 50 day moving average of $163.90 and a 200 day moving average of $146.93.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, November 12th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.90. Honeywell International’s payout ratio is currently 44.12%.

Honeywell International Company Profile

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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