United Technologies (UTX) Earning Positive Media Coverage, Report Shows
News stories about United Technologies (NYSE:UTX) have trended positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. United Technologies earned a daily sentiment score of 2.50 on their scale. InfoTrie also assigned news headlines about the conglomerate an news buzz score of 1 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted United Technologies’ ranking:
- Zacks: Analysts Expect United Technologies Co. (UTX) to Post $1.53 Earnings Per Share (americanbankingnews.com)
- United Technologies’ PT6A Gets Higher Cycle Limits Approval (finance.yahoo.com)
- What the Trump/Xi Deal Means for the FANGs, the Cloud Kings and More: Jim Cramer (finance.yahoo.com)
- Favorable Press Coverage Extremely Unlikely to Impact United Technologies (UTX) Share Price (americanbankingnews.com)
- Ameren successfully completes industry-leading 60-mile drone flight over transmission lines, paving the way for safe, efficient aerial infrastructure inspections (finance.yahoo.com)
Several research firms recently commented on UTX. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. UBS Group began coverage on United Technologies in a report on Wednesday, August 15th. They issued a “buy” rating for the company. Zacks Investment Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a report on Tuesday, September 25th. Jefferies Financial Group set a $148.00 target price on United Technologies and gave the company a “buy” rating in a report on Tuesday, November 27th. Finally, Wolfe Research set a $147.00 price target on United Technologies and gave the company a “buy” rating in a research report on Monday, November 26th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $151.58.
United Technologies (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.11. The company had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.10 billion. United Technologies had a net margin of 7.76% and a return on equity of 17.70%. United Technologies’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 earnings per share. Analysts anticipate that United Technologies will post 7.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.735 per share. The ex-dividend date is Thursday, November 15th. This is a positive change from United Technologies’s previous quarterly dividend of $0.70. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.43%. United Technologies’s payout ratio is 44.21%.
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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.
See Also: Ex-Dividend
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