Honeywell International Inc. (NYSE:HON) Expected to Post Earnings of $2.04 Per Share

Wall Street analysts predict that Honeywell International Inc. (NYSE:HON) will post $2.04 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for Honeywell International’s earnings. The highest EPS estimate is $2.05 and the lowest is $2.00. Honeywell International reported earnings per share of $1.91 during the same quarter last year, which would suggest a positive year over year growth rate of 6.8%. The company is scheduled to report its next earnings report on Friday, February 7th.

On average, analysts expect that Honeywell International will report full year earnings of $8.14 per share for the current year, with EPS estimates ranging from $8.10 to $8.15. For the next fiscal year, analysts expect that the business will report earnings of $8.81 per share, with EPS estimates ranging from $8.70 to $9.05. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Honeywell International.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, October 17th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $2.01 by $0.07. The firm had revenue of $9.09 billion for the quarter, compared to analyst estimates of $9.12 billion. Honeywell International had a net margin of 17.06% and a return on equity of 32.01%. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 EPS.

A number of research firms recently issued reports on HON. Morgan Stanley raised their price target on Honeywell International from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Bank of America boosted their target price on Honeywell International from $185.00 to $203.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. increased their target price on Honeywell International from $178.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Zacks Investment Research raised shares of Honeywell International from a “sell” rating to a “hold” rating and set a $174.00 price target for the company in a report on Monday, October 21st. Finally, Deutsche Bank lifted their price target 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 research 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. Honeywell International presently has an average rating of “Buy” and an average target price of $188.45.

Shares of HON stock opened at $175.46 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.32. The stock has a market capitalization of $125.37 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 2.39 and a beta of 1.10. The company has a 50 day moving average price of $175.86 and a 200 day moving average price of $170.53. Honeywell International has a fifty-two week low of $123.48 and a fifty-two week high of $183.12.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a $0.90 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from Honeywell International’s previous quarterly dividend of $0.82. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.05%. Honeywell International’s dividend payout ratio (DPR) is 44.94%.

Several hedge funds have recently made changes to their positions in HON. United Bank raised its position in shares of Honeywell International by 1.4% in the second quarter. United Bank now owns 7,057 shares of the conglomerate’s stock valued at $1,232,000 after buying an additional 98 shares in the last quarter. Eagle Capital Management LLC boosted its stake in shares of Honeywell International by 1.0% during the 2nd quarter. Eagle Capital Management LLC now owns 21,303 shares of the conglomerate’s stock worth $3,719,000 after acquiring an additional 209 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in shares of Honeywell International during the second quarter worth $48,000. Brookstone Capital Management boosted its stake in Honeywell International by 13.8% in the 2nd quarter. Brookstone Capital Management now owns 2,525 shares of the conglomerate’s stock worth $441,000 after buying an additional 307 shares during the last quarter. Finally, Trustcore Financial Services LLC grew its holdings in Honeywell International by 6.1% in the 2nd quarter. Trustcore Financial Services LLC now owns 1,227 shares of the conglomerate’s stock valued at $214,000 after buying an additional 70 shares during the period. 75.61% of the stock is currently owned by institutional investors and hedge funds.

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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