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

by · The Cerbat Gem

Honeywell International (NASDAQ:HON – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 10.150-10.250 for the period, compared to the consensus EPS estimate of 10.130. The company issued revenue guidance of $38.6 billion-$38.8 billion, compared to the consensus revenue estimate of $39.2 billion. Honeywell International also updated its Q4 2024 guidance to 2.730-2.830 EPS.

Analysts Set New Price Targets

HON has been the subject of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a research note on Thursday, September 26th. Morgan Stanley started coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. 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. Wells Fargo & Company dropped their price objective on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $223.56.

View Our Latest Analysis on HON

Honeywell International Price Performance

Honeywell International stock opened at $220.34 on Thursday. 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 business has a 50 day simple moving average of $206.99 and a 200-day simple moving average of $205.30. Honeywell International has a 12 month low of $174.88 and a 12 month high of $222.98. The stock has a market capitalization of $143.48 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. Honeywell International’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Honeywell International will post 10.1 earnings per share for the current 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 given a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.05%. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is presently 52.38%.

Honeywell International Company Profile

(Get Free Report)

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.

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