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 $10.05-10.25 for the period, compared to the consensus estimate of $10.25. The company issued revenue guidance of $39.1-39.7 billion, compared to the consensus revenue estimate of $38.74 billion.

Honeywell International Trading Down 5.2 %

NASDAQ:HON traded down $11.20 during mid-day trading on Thursday, hitting $202.45. 6,683,307 shares of the stock traded hands, compared to its average volume of 2,876,984. The stock has a market capitalization of $131.83 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.24 and a beta of 1.04. Honeywell International has a 52 week low of $174.88 and a 52 week high of $220.79. The firm’s 50 day moving average is $210.02 and its two-hundred day moving average is $202.53. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 EPS. On average, equities research analysts predict that Honeywell International will post 10.27 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $1.08 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.13%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HON. Citigroup upped their price target on shares of Honeywell International from $243.00 to $244.00 and gave the stock a buy rating in a research report on Tuesday, June 4th. UBS Group raised shares of Honeywell International from a sell rating to a neutral rating and upped their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Daiwa America raised shares of Honeywell International to a moderate buy rating in a research report on Wednesday, June 5th. Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada lowered their target price on shares of Honeywell International from $222.00 to $218.00 and set a sector perform rating for the company in a research note on Tuesday, June 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $225.63.

Insiders Place Their Bets

In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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.