Honeywell International (NYSE:HON) Updates FY 2019 Earnings Guidance
Honeywell International (NYSE:HON) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $8.10-8.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.09. The company issued revenue guidance of $36.7-36.9 billion, compared to the consensus revenue estimate of $36.94 billion.Honeywell International also updated its FY19 guidance to $8.10-8.15 EPS.
Shares of NYSE:HON traded up $4.14 on Thursday, reaching $167.77. 69,291 shares of the company’s stock were exchanged, compared to its average volume of 2,530,095. The firm has a market capitalization of $117.27 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 2.19 and a beta of 1.10. Honeywell International has a fifty-two week low of $123.48 and a fifty-two week high of $178.47. The business’s 50-day moving average is $165.64 and its two-hundred day moving average is $168.31. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48.
Honeywell International (NYSE:HON) last issued its earnings results on Thursday, October 17th. The conglomerate reported $2.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.07. The company had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm’s revenue was down 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.03 earnings per share. Analysts predict that Honeywell International will post 8.08 earnings per share for the current fiscal year.
HON has been the topic of a number of research reports. ValuEngine cut shares of Honeywell International from a buy rating to a hold rating in a report on Tuesday, August 6th. Credit Suisse Group increased their target price on shares of Honeywell International from $185.00 to $187.00 and gave the stock an outperform rating in a report on Friday, July 19th. Morgan Stanley lowered their price target on shares of Honeywell International from $188.00 to $185.00 and set an overweight rating for the company in a research report on Friday, September 27th. Cowen restated a buy rating and set a $180.00 price target on shares of Honeywell International in a research report on Friday, August 2nd. Finally, Zacks Investment Research lowered shares of Honeywell International from a hold rating to a sell rating and set a $169.00 price target for the company. in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Honeywell International currently has an average rating of Buy and a consensus price target of $184.09.
In other Honeywell International news, Director Jaime Chico Pardo sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $165.92, for a total value of $1,161,440.00. Following the sale, the director now owns 7,103 shares in the company, valued at approximately $1,178,529.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajeev Gautam sold 10,984 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $163.88, for a total value of $1,800,057.92. Following the completion of the sale, the chief executive officer now owns 28,920 shares in the company, valued at approximately $4,739,409.60. The disclosure for this sale can be found here. Insiders sold 25,133 shares of company stock valued at $4,141,655 over the last three months. 0.73% of the stock is owned by insiders.
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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