United Technologies (NYSE:UTX) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $7.90-8.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.03. The company issued revenue guidance of $75.5-77 billion, compared to the consensus revenue estimate of $77.07 billion.

A number of equities analysts recently weighed in on the stock. Vertical Research upgraded shares of United Technologies from a hold rating to a buy rating and set a $145.00 price objective for the company in a report on Friday, June 14th. Bank of America restated a buy rating and issued a $195.00 price objective (up from $185.00) on shares of United Technologies in a report on Thursday, July 25th. William Blair restated a hold rating on shares of United Technologies in a report on Tuesday, September 3rd. Barclays boosted their price objective on shares of United Technologies from $149.00 to $153.00 and gave the stock an overweight rating in a report on Wednesday, July 24th. Finally, Zacks Investment Research lowered shares of United Technologies from a strong-buy rating to a hold rating and set a $151.00 price objective for the company. in a report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. United Technologies presently has an average rating of Buy and a consensus price target of $152.21.

NYSE:UTX opened at $138.06 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.93. United Technologies has a 12 month low of $100.48 and a 12 month high of $144.40. The company has a market cap of $118.62 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The company has a 50 day simple moving average of $130.12 and a two-hundred day simple moving average of $130.96.

United Technologies (NYSE:UTX) last posted its earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.16. United Technologies had a net margin of 7.13% and a return on equity of 16.81%. The business had revenue of $19.63 billion during the quarter, compared to the consensus estimate of $19.58 billion. During the same quarter in the previous year, the firm posted $1.97 EPS. The firm’s revenue was up 17.5% on a year-over-year basis. Research analysts forecast that United Technologies will post 8.03 earnings per share for the current year.

In other news, EVP Elizabeth B. Amato sold 4,298 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $135.71, for a total transaction of $583,281.58. Following the completion of the sale, the executive vice president now owns 30,847 shares of the company’s stock, valued at approximately $4,186,246.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Elizabeth B. Amato sold 4,113 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $137.18, for a total transaction of $564,221.34. Following the sale, the executive vice president now directly owns 31,501 shares of the company’s stock, valued at approximately $4,321,307.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,123 shares of company stock valued at $13,787,015. 0.15% of the stock is currently owned by insiders.

United Technologies Company Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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Earnings History and Estimates for United Technologies (NYSE:UTX)

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