$7.62 Billion in Sales Expected for Honeywell International Inc. (NYSE:HON) This Quarter

Brokerages expect that Honeywell International Inc. (NYSE:HON) will post $7.62 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Honeywell International’s earnings, with estimates ranging from $7.51 billion to $7.70 billion. Honeywell International reported sales of $9.09 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.2%. The company is expected to announce its next earnings report on Thursday, October 15th.

According to Zacks, analysts expect that Honeywell International will report full-year sales of $31.98 billion for the current financial year, with estimates ranging from $31.68 billion to $32.28 billion. For the next year, analysts forecast that the company will post sales of $33.70 billion, with estimates ranging from $32.30 billion to $34.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Honeywell International.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, July 24th. The conglomerate reported $1.26 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $7.28 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The business’s quarterly revenue was down 19.1% compared to the same quarter last year.

HON has been the topic of several analyst reports. Barclays restated a “buy” rating on shares of Honeywell International in a report on Sunday, July 26th. Deutsche Bank dropped their price target on Honeywell International from $163.00 to $153.00 and set a “hold” rating for the company in a research note on Monday, July 27th. Royal Bank of Canada downgraded shares of Honeywell International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $166.00 to $158.00 in a research report on Tuesday, August 11th. Cowen assumed coverage on shares of Honeywell International in a report on Sunday, July 26th. They issued a “buy” rating and a $160.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $177.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Honeywell International presently has a consensus rating of “Buy” and an average target price of $160.89.

In other news, CEO Darius Adamczyk sold 20,000 shares of the business’s stock in a transaction on Monday, September 28th. The stock was 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 in the company, valued at $32,900,994.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Campbell Wealth Management bought a new stake in shares of Honeywell International during the 2nd quarter valued at about $26,000. Rockbridge Investment Management LCC bought a new stake in Honeywell International during the second quarter valued at approximately $33,000. CVA Family Office LLC purchased a new stake in Honeywell International during the first quarter valued at approximately $32,000. Aigen Investment Management LP bought a new position in Honeywell International in the first quarter worth approximately $35,000. Finally, Global Wealth Management Investment Advisory Inc. raised its position in Honeywell International by 39.5% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 265 shares of the conglomerate’s stock worth $38,000 after acquiring an additional 75 shares during the period. 75.30% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE HON traded down $0.93 during midday trading on Monday, reaching $163.68. The company had a trading volume of 2,409,282 shares, compared to its average volume of 3,646,800. The stock has a market cap of $114.87 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 3.18 and a beta of 1.05. Honeywell International has a one year low of $101.08 and a one year high of $184.06. The firm’s fifty day moving average price is $163.90 and its 200-day moving average price is $146.93. The company has a quick ratio of 1.36, a current ratio of 1.63 and a debt-to-equity ratio of 0.96.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.93 dividend. The ex-dividend date is Thursday, November 12th. This is a boost from Honeywell International’s previous quarterly dividend of $0.90. This represents a $3.72 annualized dividend and a yield of 2.27%. Honeywell International’s payout ratio is 44.12%.

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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