Analysts forecast that Honeywell International Inc. (NYSE:HON) will report earnings of $1.96 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Honeywell International’s earnings, with the highest EPS estimate coming in at $2.04 and the lowest estimate coming in at $1.90. Honeywell International reported earnings of $2.10 per share in the same quarter last year, which would indicate a negative year over year growth rate of 6.7%. The firm is expected to issue its next earnings results on Thursday, July 16th.
According to Zacks, analysts expect that Honeywell International will report full year earnings of $6.93 per share for the current fiscal year, with EPS estimates ranging from $6.50 to $7.25. For the next fiscal year, analysts anticipate that the company will report earnings of $7.66 per share, with EPS estimates ranging from $7.40 to $8.09. Zacks’ EPS averages are an average based on a survey of analysts that follow Honeywell International.
Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, May 1st. The conglomerate reported $2.21 EPS for the quarter, beating the consensus estimate of $1.96 by $0.25. Honeywell International had a net margin of 17.38% and a return on equity of 33.60%. The company had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.56 billion. During the same quarter last year, the business earned $1.92 earnings per share. Honeywell International’s revenue was down 4.7% compared to the same quarter last year.
Shares of NYSE HON traded up $0.61 during mid-day trading on Friday, reaching $143.85. 48,408 shares of the company traded hands, compared to its average volume of 3,814,968. Honeywell International has a fifty-two week low of $101.08 and a fifty-two week high of $184.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.30 and a quick ratio of 1.04. The firm has a market cap of $99.78 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.68 and a beta of 1.03. The stock has a fifty day simple moving average of $143.04 and a 200-day simple moving average of $155.39.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 15th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Thursday, May 14th. Honeywell International’s dividend payout ratio is 44.12%.
A number of institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its stake in Honeywell International by 11.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 25,221,633 shares of the conglomerate’s stock worth $3,374,402,000 after purchasing an additional 2,587,342 shares during the period. Capital World Investors boosted its stake in Honeywell International by 28.1% in the 1st quarter. Capital World Investors now owns 24,461,672 shares of the conglomerate’s stock worth $3,272,727,000 after purchasing an additional 5,361,064 shares during the period. JPMorgan Chase & Co. boosted its stake in Honeywell International by 6.2% in the 1st quarter. JPMorgan Chase & Co. now owns 14,088,849 shares of the conglomerate’s stock worth $1,884,947,000 after purchasing an additional 819,220 shares during the period. Geode Capital Management LLC boosted its stake in Honeywell International by 0.6% in the 1st quarter. Geode Capital Management LLC now owns 10,116,408 shares of the conglomerate’s stock worth $1,350,945,000 after purchasing an additional 58,467 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Honeywell International by 45.8% during the 1st quarter. Franklin Resources Inc. now owns 9,816,298 shares of the conglomerate’s stock valued at $1,313,305,000 after buying an additional 3,085,548 shares during the period. 76.51% of the stock is owned by hedge funds and other institutional investors.
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: What is a stock portfolio tracker?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.