Analysts expect that Honeywell International Inc. (NYSE:HON) will post $1.88 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Honeywell International’s earnings, with the lowest EPS estimate coming in at $1.83 and the highest estimate coming in at $1.90. Honeywell International posted earnings of $1.66 per share during the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The company is scheduled to announce its next quarterly earnings results on Friday, April 20th.
According to Zacks, analysts expect that Honeywell International will report full year earnings of $7.97 per share for the current year, with EPS estimates ranging from $7.90 to $8.00. For the next year, analysts anticipate that the company will post earnings of $8.75 per share, with EPS estimates ranging from $8.60 to $8.90. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Honeywell International.
Honeywell International (NYSE:HON) last announced its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a net margin of 4.08% and a return on equity of 27.27%. Honeywell International’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS.
In other Honeywell International news, Director Linnet F. Deily sold 2,886 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total transaction of $426,291.06. Following the sale, the director now directly owns 9,105 shares in the company, valued at approximately $1,344,899.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.56% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Schulhoff & Co. Inc. boosted its position in shares of Honeywell International by 1.8% in the 2nd quarter. Schulhoff & Co. Inc. now owns 11,440 shares of the conglomerate’s stock worth $1,524,000 after buying an additional 203 shares in the last quarter. AGF Investments America Inc. boosted its position in shares of Honeywell International by 3.6% in the 2nd quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate’s stock worth $6,358,000 after buying an additional 1,668 shares in the last quarter. BlackRock Inc. boosted its position in shares of Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after buying an additional 1,207,893 shares in the last quarter. Rothschild Asset Management Inc. boosted its position in shares of Honeywell International by 2,358.6% in the 3rd quarter. Rothschild Asset Management Inc. now owns 339,460 shares of the conglomerate’s stock worth $48,115,000 after buying an additional 325,653 shares in the last quarter. Finally, Veritable L.P. boosted its position in shares of Honeywell International by 2.6% in the 2nd quarter. Veritable L.P. now owns 32,263 shares of the conglomerate’s stock worth $4,300,000 after buying an additional 823 shares in the last quarter. Institutional investors and hedge funds own 76.08% of the company’s stock.
Honeywell International (HON) opened at $154.03 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13. The stock has a market cap of $115,830.87, a price-to-earnings ratio of 74.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Honeywell International has a 12 month low of $122.40 and a 12 month high of $165.13.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.745 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.93%. Honeywell International’s payout ratio is currently 143.27%.
Honeywell International announced that its Board of Directors has approved a stock repurchase program on Friday, December 8th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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