United Technologies (UTX) to Release Quarterly Earnings on Tuesday

United Technologies (NYSE:UTX) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, April 24th. Analysts expect United Technologies to post earnings of $1.50 per share for the quarter. United Technologies has set its FY18 guidance at $6.85-7.10 EPS.

United Technologies (NYSE:UTX) last posted its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.04. The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $15.34 billion. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 EPS. On average, analysts expect United Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

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NYSE:UTX opened at $123.81 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 0.80. The company has a market cap of $98,140.80, a PE ratio of 18.62, a PEG ratio of 1.86 and a beta of 1.08. United Technologies has a 1-year low of $109.10 and a 1-year high of $139.24.

Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen reaffirmed a “hold” rating and set a $141.00 target price on shares of United Technologies in a report on Thursday, January 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $146.00 target price (up from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Sanford C. Bernstein reaffirmed a “positive” rating and set a $153.00 target price (up from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Finally, Zacks Investment Research lowered shares of United Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $139.07.

In other United Technologies news, VP Robert J. Bailey sold 419 shares of United Technologies stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $133.73, for a total transaction of $56,032.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert J. Bailey sold 2,032 shares of United Technologies stock in a transaction on Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the sale, the vice president now directly owns 4,900 shares in the company, valued at approximately $661,255. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in United Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after purchasing an additional 848,623 shares during the last quarter. BlackRock Inc. boosted its stake in United Technologies by 0.3% during the 2nd quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock worth $5,384,561,000 after purchasing an additional 133,036 shares during the last quarter. FMR LLC boosted its stake in United Technologies by 13.2% during the 2nd quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after purchasing an additional 2,401,795 shares during the last quarter. Capital Research Global Investors boosted its stake in United Technologies by 3.6% during the 2nd quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock worth $1,072,082,000 after purchasing an additional 304,989 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in United Technologies by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,710,878 shares of the conglomerate’s stock worth $575,246,000 after purchasing an additional 119,063 shares during the last quarter. 81.89% of the stock is currently owned by institutional investors.

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About United Technologies

United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.

Earnings History for United Technologies (NYSE:UTX)

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