Honeywell International (NYSE:HON) Updates FY19 Earnings Guidance

Honeywell International (NYSE:HON) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $7.95-8.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.10. Honeywell International also updated its FY 2019 guidance to $7.95-8.15 EPS.

Shares of HON traded down $0.89 during midday trading on Friday, hitting $172.99. 3,037,914 shares of the stock traded hands, compared to its average volume of 2,151,095. Honeywell International has a 1-year low of $123.48 and a 1-year high of $178.47. The company has a market capitalization of $126.54 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 1.01. The company’s 50 day simple moving average is $173.37.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same quarter in the previous year, the company posted $2.12 earnings per share. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. As a group, equities analysts forecast that Honeywell International will post 8.11 earnings per share for the current fiscal year.

HON has been the subject of several analyst reports. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Morgan Stanley boosted their price target on shares of Blackstone Group from $54.00 to $56.00 and gave the company an overweight rating in a report on Friday. Credit Suisse Group set a €32.70 ($38.02) price target on shares of Software and gave the company a neutral rating in a report on Friday. Jefferies Financial Group reduced their price target on shares of Boeing from $448.00 to $420.00 in a report on Friday. Finally, Deutsche Bank boosted their price target on shares of Keysight Technologies from $100.00 to $120.00 and gave the company a buy rating in a report on Monday, April 22nd. Three 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 stock. The company has a consensus rating of Buy and a consensus price target of $179.36.

In related news, CEO Vimal Kapur sold 5,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Honeywell International Company Profile

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.

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

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