Honeywell International (NASDAQ:HON) Issues Q4 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 2.730-2.830 for the period, compared to the consensus EPS estimate of 2.780. The company issued revenue guidance of $10.2 billion-$10.4 billion, compared to the consensus revenue estimate of $10.6 billion. Honeywell International also updated its FY 2024 guidance to 10.150-10.250 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HON. Bank of America reiterated a “neutral” rating and set a $230.00 price target (down previously from $250.00) on shares of Honeywell International in a research report on Thursday. JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $225.00 to $235.00 in a research report on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a research report on Thursday, September 26th. Wells Fargo & Company reduced 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. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $224.20.

Honeywell International Stock Down 5.1 %

Shares of NASDAQ HON traded down $11.24 during midday trading on Thursday, hitting $209.10. The stock had a trading volume of 8,695,587 shares, compared to its average volume of 2,893,359. The business’s 50 day moving average is $206.99 and its 200-day moving average is $205.30. The company has a market cap of $136.16 billion, a P/E ratio of 24.23, a PEG 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 company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.23 earnings per share. As a group, analysts predict that Honeywell International will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $1.13 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. Honeywell International’s dividend payout ratio is 52.38%.

About Honeywell International

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.