Honeywell International (NASDAQ:HON) Updates FY24 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $9.80-10.10 for the period, compared to the consensus earnings per share estimate of $9.95. The company issued revenue guidance of $38.1-38.9 billion, compared to the consensus revenue estimate of $38.51 billion. Honeywell International also updated its FY 2024 guidance to 9.800-10.100 EPS.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. StockNews.com lowered Honeywell International from a buy rating to a hold rating in a research report on Friday. Barclays boosted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Berenberg Bank raised Honeywell International from a hold rating to a buy rating and boosted their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a sector perform rating on the stock in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Honeywell International currently has an average rating of Hold and an average target price of $219.67.

Honeywell International Stock Performance

Shares of HON stock traded up $0.43 during trading on Friday, reaching $193.45. 3,041,537 shares of the company’s stock were exchanged, compared to its average volume of 2,666,853. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $125.97 billion, a PE ratio of 22.42, a PEG ratio of 2.21 and a beta of 1.02. Honeywell International has a twelve month low of $174.88 and a twelve month high of $210.87. The firm’s fifty day moving average price is $198.18 and its 200-day moving average price is $196.27.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.07 EPS. As a group, sell-side analysts anticipate that Honeywell International will post 9.96 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

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.