Honeywell International (NASDAQ:HON) Issues FY 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 9.680-9.780 for the period, compared to the consensus EPS estimate of 10.170. The company issued revenue guidance of $38.2 billion-$38.4 billion, compared to the consensus revenue estimate of $38.7 billion. Honeywell International also updated its Q4 2024 guidance to 2.260-2.360 EPS.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research reports. Citigroup upped their price objective on Honeywell International from $244.00 to $268.00 and gave the company a “buy” rating in a report on Monday, December 9th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company increased their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus price target of $248.77.

Honeywell International Trading Down 0.0 %

HON opened at $227.62 on Friday. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a market cap of $148.01 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The company has a fifty day moving average of $221.06 and a 200-day moving average of $211.75.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.99%. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is 52.19%.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace 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 thermal systems, as well as wireless connectivity services.