$9.59 Billion in Sales Expected for Honeywell International Inc. (NYSE:HON) This Quarter

Equities analysts expect Honeywell International Inc. (NYSE:HON) to announce $9.59 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Honeywell International’s earnings, with the lowest sales estimate coming in at $9.49 billion and the highest estimate coming in at $9.67 billion. Honeywell International posted sales of $9.73 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.4%. The business is expected to issue its next earnings report on Friday, February 7th.

On average, analysts expect that Honeywell International will report full year sales of $36.80 billion for the current financial year, with estimates ranging from $36.70 billion to $36.88 billion. For the next fiscal year, analysts forecast that the company will post sales of $38.11 billion, with estimates ranging from $37.70 billion to $38.45 billion. Zacks Investment Research’s sales averages 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 earnings results on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, beating the consensus estimate of $2.01 by $0.07. Honeywell International had a return on equity of 32.01% and a net margin of 17.06%. The business had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $9.12 billion. During the same period in the prior year, the business posted $2.03 earnings per share. Honeywell International’s revenue was down 15.6% compared to the same quarter last year.

Several research analysts have commented on HON shares. William Blair reiterated a “hold” rating on shares of Honeywell International in a report on Monday, November 25th. Cowen set a $180.00 target price on shares of Honeywell International and gave the stock a “buy” rating in a research report on Friday, October 18th. Morgan Stanley boosted their price target on shares of Honeywell International from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Bank of America upped their price target on shares of Honeywell International from $185.00 to $203.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Deutsche Bank raised their price objective on shares of Honeywell International from $189.00 to $199.00 and gave the stock a “buy” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $188.45.

NYSE HON opened at $174.01 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.61. Honeywell International has a 1 year low of $123.48 and a 1 year high of $183.12. The company has a market cap of $127.58 billion, a PE ratio of 21.72, a PEG ratio of 2.39 and a beta of 1.10. The stock’s 50-day moving average price is $175.63 and its two-hundred day moving average price is $170.51.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Honeywell International’s previous quarterly dividend of $0.82. Honeywell International’s payout ratio is 44.94%.

Institutional investors and hedge funds have recently modified their holdings of the company. Resources Management Corp CT ADV acquired a new stake in shares of Honeywell International during the 3rd quarter valued at $5,035,000. Lockheed Martin Investment Management Co. increased its stake in shares of Honeywell International by 37.0% in the third quarter. Lockheed Martin Investment Management Co. now owns 51,360 shares of the conglomerate’s stock worth $8,690,000 after acquiring an additional 13,860 shares during the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of Honeywell International by 72.6% during the third quarter. Prestige Wealth Management Group LLC now owns 1,224 shares of the conglomerate’s stock worth $207,000 after acquiring an additional 515 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of Honeywell International by 11.1% during the third quarter. IHT Wealth Management LLC now owns 21,310 shares of the conglomerate’s stock worth $3,607,000 after acquiring an additional 2,137 shares in the last quarter. Finally, Wealthsource Partners LLC raised its holdings in shares of Honeywell International by 101.4% during the third quarter. Wealthsource Partners LLC now owns 7,157 shares of the conglomerate’s stock worth $1,211,000 after acquiring an additional 3,603 shares in the last quarter. Institutional investors own 75.61% 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.

Read More: What is intrinsic value?

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.