Honeywell International (NASDAQ:HON) Issues FY 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 9.800-10.100 for the period, compared to the consensus EPS estimate of 9.950. The company issued revenue guidance of $38.1 billion-$38.9 billion, compared to the consensus revenue estimate of $38.5 billion.

Analyst Ratings Changes

A number of brokerages recently weighed in on HON. Berenberg Bank raised shares of Honeywell International from a hold rating to a buy rating and lifted their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. Royal Bank of Canada decreased their price target on shares of Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a research note on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $219.67.

Honeywell International Stock Down 0.7 %

Shares of NASDAQ HON opened at $194.79 on Thursday. The stock has a market capitalization of $126.84 billion, a P/E ratio of 23.00, a P/E/G ratio of 2.24 and a beta of 1.02. The company has a 50-day moving average price of $198.35 and a 200-day moving average price of $196.25. Honeywell International has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same period last year, the company earned $2.52 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.22%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace 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 thermal systems, as well as wireless connectivity services.