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

Honeywell International (NASDAQ:HON) issued an update on its FY 2024 earnings guidance on Saturday morning. The company provided earnings per share guidance of 10.050-10.250 for the period, compared to the consensus earnings per share estimate of 10.250. The company issued revenue guidance of $39.1 billion-$39.7 billion, compared to the consensus revenue estimate of $38.8 billion.

Analyst Ratings Changes

Several research firms have weighed in on HON. Wells Fargo & Company cut their price target on Honeywell International from $220.00 to $215.00 and set an equal weight rating for the company in a report on Friday, July 26th. UBS Group upgraded Honeywell International from a sell rating to a neutral rating and boosted their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Daiwa America upgraded Honeywell International to a moderate buy rating in a report on Wednesday, June 5th. Royal Bank of Canada decreased their target price on Honeywell International from $218.00 to $214.00 and set a sector perform rating for the company in a research report on Friday, July 26th. Finally, StockNews.com lowered Honeywell International from a buy rating to a hold rating in a research report on Saturday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $225.00.

Honeywell International Stock Performance

Shares of HON traded down $0.89 during mid-day trading on Friday, reaching $203.69. The company had a trading volume of 3,377,778 shares, compared to its average volume of 2,908,121. The stock has a market capitalization of $132.33 billion, a P/E ratio of 23.60, a PEG ratio of 2.32 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 company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a 50 day moving average of $210.09 and a two-hundred day moving average of $202.59.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. Honeywell International’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.23 EPS. On average, analysts expect that Honeywell International will post 10.14 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s payout ratio is currently 50.06%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

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.