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

Honeywell International (NASDAQ:HON) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.730-2.830 for the period, compared to the consensus earnings per share 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 equities research analysts recently weighed in on HON shares. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report 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 research report on Thursday, September 26th. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. downgraded Honeywell International from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $225.00 to $235.00 in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $223.56.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $220.34 on Thursday. The business has a fifty day moving average price of $206.99 and a 200-day moving average price of $205.30. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The company has a market capitalization of $143.48 billion, a PE ratio of 25.53, a PEG ratio of 2.45 and a beta of 1.03. Honeywell International has a 1-year low of $174.88 and a 1-year high of $222.98.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $2.23 EPS. As a group, equities analysts expect that Honeywell International will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 yield of 2.05%. The ex-dividend date is Friday, November 15th. Honeywell International’s payout ratio is presently 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.