Honeywell International (NYSE:HON) Updates Q3 2019 Earnings Guidance

Honeywell International (NYSE:HON) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.97-2.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.01. The company issued revenue guidance of $9-9.2 billion, compared to the consensus revenue estimate of $9.12 billion.

HON opened at $167.71 on Friday. The business has a 50 day moving average price of $166.35 and a 200 day moving average price of $166.63. Honeywell International has a twelve month low of $123.48 and a twelve month high of $178.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19. The firm has a market cap of $121.33 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.25 and a beta of 1.10.

Honeywell International (NYSE:HON) last posted its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the company earned $2.12 EPS. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. As a group, analysts anticipate that Honeywell International will post 8.1 earnings per share for the current fiscal year.



The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.82 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.96%. Honeywell International’s dividend payout ratio (DPR) is presently 40.95%.

HON has been the subject of a number of research analyst reports. Royal Bank of Canada set a $177.00 price target on Honeywell International and gave the stock a buy rating in a report on Friday, July 19th. Cowen reiterated a buy rating and set a $180.00 price target on shares of Honeywell International in a report on Friday, August 2nd. Morgan Stanley upped their price target on Honeywell International from $183.00 to $188.00 and gave the stock an overweight rating in a report on Friday, July 19th. Credit Suisse Group upped their price target on Honeywell International from $185.00 to $187.00 and gave the stock an outperform rating in a report on Friday, July 19th. Finally, Citigroup upped their price target on Honeywell International from $189.00 to $197.00 and gave the stock a buy rating in a report on Monday, September 9th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $183.58.

In other news, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the sale, the director now directly owns 7,103 shares in the company, valued at $1,178,529.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total value of $1,800,057.92. Following the sale, the chief executive officer now owns 28,920 shares in the company, valued at $4,739,409.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,133 shares of company stock worth $4,141,655. 0.73% of the stock is currently owned by company insiders.

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.

Further Reading: Straddles

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

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