Analysts expect Honeywell International Inc. (NYSE:HON) to announce $9.23 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Honeywell International’s earnings. The lowest sales estimate is $9.13 billion and the highest is $9.34 billion. Honeywell International posted sales of $10.92 billion in the same quarter last year, which would indicate a negative year over year growth rate of 15.5%. The firm is scheduled to issue its next quarterly earnings results on Friday, July 19th.

On average, analysts expect that Honeywell International will report full-year sales of $36.66 billion for the current financial year, with estimates ranging from $36.54 billion to $36.79 billion. For the next fiscal year, analysts anticipate that the business will report sales of $38.50 billion, with estimates ranging from $38.14 billion to $39.00 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Honeywell International.

Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, April 18th. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.09. The firm had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.63 billion. Honeywell International had a net margin of 16.73% and a return on equity of 32.46%. Honeywell International’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 earnings per share.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a research report on Monday, April 8th. Credit Suisse Group raised shares of Honeywell International from a “neutral” rating to an “outperform” rating and set a $132.06 target price for the company in a research report on Thursday, January 3rd. CIBC reissued a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Oppenheimer reissued a “market perform” rating on shares of Honeywell International in a research report on Tuesday, January 8th. Finally, UBS Group reissued a “top pick” rating on shares of Honeywell International in a research report on Thursday, January 10th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $169.32.

In other news, Director Linnet F. Deily sold 4,234 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the completion of the transaction, the director now owns 11,369 shares of the company’s stock, valued at $1,691,138.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy O. Mahoney sold 73,352 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the transaction, the insider now directly owns 305,505 shares of the company’s stock, valued at approximately $47,139,421.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in HON. Cornell Pochily Investment Advisors Inc. raised its position in Honeywell International by 22.9% in the first quarter. Cornell Pochily Investment Advisors Inc. now owns 2,601 shares of the conglomerate’s stock worth $413,000 after purchasing an additional 485 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in Honeywell International by 1.3% in the first quarter. Clear Harbor Asset Management LLC now owns 54,523 shares of the conglomerate’s stock worth $8,665,000 after purchasing an additional 682 shares in the last quarter. Cypress Wealth Services LLC raised its position in Honeywell International by 107.8% in the first quarter. Cypress Wealth Services LLC now owns 3,958 shares of the conglomerate’s stock worth $629,000 after purchasing an additional 2,053 shares in the last quarter. Asset Dedication LLC raised its position in Honeywell International by 41.7% in the first quarter. Asset Dedication LLC now owns 1,645 shares of the conglomerate’s stock worth $261,000 after purchasing an additional 484 shares in the last quarter. Finally, Mycio Wealth Partners LLC raised its position in Honeywell International by 14.1% in the first quarter. Mycio Wealth Partners LLC now owns 3,673 shares of the conglomerate’s stock worth $584,000 after purchasing an additional 453 shares in the last quarter. 75.65% of the stock is owned by institutional investors and hedge funds.

Honeywell International stock opened at $169.06 on Monday. The firm has a market cap of $123.14 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 2.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.06. Honeywell International has a fifty-two week low of $123.48 and a fifty-two week high of $169.86.

About Honeywell International

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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