Brokerages Anticipate Honeywell International Inc. (HON) Will Post Quarterly Sales of $9.36 Billion

Analysts predict that Honeywell International Inc. (NYSE:HON) will report $9.36 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Honeywell International’s earnings, with the lowest sales estimate coming in at $9.21 billion and the highest estimate coming in at $9.61 billion. Honeywell International reported sales of $10.92 billion in the same quarter last year, which would suggest a negative year over year growth rate of 14.3%. The company is scheduled to report its next quarterly earnings results on Friday, July 19th.

According to Zacks, analysts expect that Honeywell International will report full year sales of $37.17 billion for the current fiscal year, with estimates ranging from $36.92 billion to $37.72 billion. For the next financial year, analysts forecast that the firm will post sales of $38.96 billion, with estimates ranging from $38.48 billion to $39.83 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Honeywell International.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.09. The company had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. The firm’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 earnings per share.



Several equities analysts recently commented on the company. Zacks Investment Research cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Deutsche Bank boosted their target price on Honeywell International to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 4th. Morgan Stanley boosted their target price on Honeywell International from $165.00 to $183.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. ValuEngine upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, Credit Suisse Group boosted their target price on Honeywell International from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Honeywell International has an average rating of “Buy” and a consensus price target of $175.20.

In other Honeywell International news, insider Timothy O. Mahoney sold 73,352 shares of Honeywell International stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the completion of the sale, the insider now owns 305,505 shares of the company’s stock, valued at $47,139,421.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc lifted its stake in Honeywell International by 0.9% during the third quarter. Vanguard Group Inc now owns 52,084,819 shares of the conglomerate’s stock worth $8,666,914,000 after purchasing an additional 456,410 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Honeywell International by 12,075.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,167,754 shares of the conglomerate’s stock valued at $168,000 after acquiring an additional 21,985,685 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Honeywell International by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock valued at $1,245,566,000 after acquiring an additional 478,988 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Honeywell International by 2.9% in the 4th quarter. Northern Trust Corp now owns 8,702,224 shares of the conglomerate’s stock valued at $1,149,738,000 after acquiring an additional 241,715 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Honeywell International by 12.8% in the 1st quarter. Lazard Asset Management LLC now owns 5,704,173 shares of the conglomerate’s stock valued at $906,505,000 after acquiring an additional 648,861 shares during the last quarter. 75.83% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE HON opened at $168.16 on Wednesday. The firm has a market capitalization of $124.00 billion, a PE ratio of 20.99, a P/E/G ratio of 2.30 and a beta of 1.12. Honeywell International has a fifty-two week low of $123.48 and a fifty-two week high of $174.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.01.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 23rd. Honeywell International’s payout ratio is 40.95%.

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.

Featured Story: Trading Options- What is a Strangle?

Get a free copy of the Zacks research report on Honeywell International (HON)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.