Analysts Expect Honeywell International Inc. (HON) to Post $1.83 Earnings Per Share

Brokerages forecast that Honeywell International Inc. (NYSE:HON) will post $1.83 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for Honeywell International’s earnings. The highest EPS estimate is $1.87 and the lowest is $1.81. Honeywell International posted earnings of $1.95 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 6.2%. The company is scheduled to issue its next quarterly earnings report before the market opens on Thursday, April 18th.

On average, analysts expect that Honeywell International will report full-year earnings of $7.95 per share for the current fiscal year, with EPS estimates ranging from $7.80 to $8.10. For the next year, analysts forecast that the company will post earnings of $8.70 per share, with EPS estimates ranging from $8.45 to $8.90. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Honeywell International.

Honeywell International (NYSE:HON) last issued its earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.03. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The business had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.72 billion. During the same period last year, the company earned $1.85 EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis.

A number of analysts recently issued reports on HON shares. Oppenheimer reissued a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Credit Suisse Group raised Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 price objective for the company in a research report on Thursday, January 3rd. Zacks Investment Research reissued a “hold” rating on shares of Honeywell International in a research report on Monday, December 31st. Barclays cut their price objective on Honeywell International from $178.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Finally, Royal Bank of Canada raised Honeywell International from a “sector perform” rating to an “outperform” rating and set a $148.00 price objective for the company in a research report on Thursday, January 3rd. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $168.88.

Shares of NYSE:HON traded down $1.38 during midday trading on Thursday, reaching $160.09. 72,020 shares of the company’s stock were exchanged, compared to its average volume of 2,836,626. The company has a current ratio of 1.29, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $117.44 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.23 and a beta of 1.10. Honeywell International has a fifty-two week low of $123.48 and a fifty-two week high of $167.72.

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, February 21st. Honeywell International’s dividend payout ratio (DPR) is 40.95%.

In related news, insider Timothy O. Mahoney sold 73,352 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the completion of the transaction, the insider now directly owns 305,505 shares in the company, valued at approximately $47,139,421.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linnet F. Deily sold 4,234 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the transaction, the director now owns 11,369 shares of the company’s stock, valued at $1,691,138.75. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

A number of institutional investors have recently made changes to their positions in HON. Oregon Public Employees Retirement Fund boosted its stake in shares of Honeywell International by 12,075.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,167,754 shares of the conglomerate’s stock valued at $168,000 after buying an additional 21,985,685 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of Honeywell International in the 4th quarter valued at about $260,607,000. Millennium Management LLC boosted its stake in shares of Honeywell International by 146.7% in the 4th quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock valued at $290,691,000 after buying an additional 1,308,339 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Honeywell International by 117.8% in the 4th quarter. Two Sigma Advisers LP now owns 1,416,434 shares of the conglomerate’s stock valued at $187,139,000 after buying an additional 766,200 shares during the period. Finally, Putnam Investments LLC boosted its stake in shares of Honeywell International by 40.1% in the 3rd quarter. Putnam Investments LLC now owns 2,171,468 shares of the conglomerate’s stock valued at $358,292,000 after buying an additional 621,840 shares during the period. Institutional investors own 75.65% of the company’s stock.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

Further Reading: What is a Market Correction?

Get a free copy of the Zacks research report on Honeywell International (HON)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Honeywell International (NYSE:HON)

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.