Honeywell International (NASDAQ:HON) Releases FY24 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $10.15-$10.25 for the period, compared to the consensus estimate of $10.09. The company issued revenue guidance of $38.6-$38.8 billion, compared to the consensus revenue estimate of $39.15 billion. Honeywell International also updated its FY 2024 guidance to 10.150-10.250 EPS.

Analysts Set New Price Targets

HON has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Morgan Stanley began coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price objective for the company. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $223.56.

Honeywell International Price Performance

NASDAQ HON opened at $212.75 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a market cap of $138.54 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International has a 52 week low of $174.88 and a 52 week high of $222.98. The firm’s 50-day simple moving average is $206.99 and its two-hundred day simple moving average is $205.30.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the company posted $2.23 EPS. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Honeywell International will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a $1.13 dividend. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

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.