Honeywell International (NYSE:HON) Issues Q3 2019 Earnings Guidance

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Honeywell International (NYSE:HON) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $1.97-2.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.01. The company issued revenue guidance of $9-9.2 billion, compared to the consensus revenue estimate of $9.12 billion.

NYSE HON opened at $168.63 on Friday. The company has a market cap of $122.04 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 2.26 and a beta of 1.10. Honeywell International has a 52 week low of $123.48 and a 52 week high of $178.47. The business has a 50 day moving average price of $166.48 and a 200-day moving average price of $166.55. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.08 by $0.02. The firm had revenue of $9.24 billion during the quarter, compared to the consensus estimate of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. The company’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.12 earnings per share. On average, equities research analysts anticipate that Honeywell International will post 8.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a dividend of $0.82 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.28 annualized dividend and a dividend yield of 1.95%. Honeywell International’s dividend payout ratio is 40.95%.

HON has been the subject of several recent research reports. Jefferies Financial Group upped their price target on Honeywell International from $190.00 to $195.00 and gave the stock a buy rating in a report on Friday, July 19th. Cowen reiterated a buy rating and set a $180.00 price target on shares of Honeywell International in a report on Friday, August 2nd. ValuEngine downgraded Honeywell International from a buy rating to a hold rating in a report on Tuesday, August 6th. Morgan Stanley upped their price target on Honeywell International from $183.00 to $188.00 and gave the stock an overweight rating in a report on Friday, July 19th. Finally, Barclays upped their price target on Honeywell International from $186.00 to $187.00 and gave the stock an overweight rating in a report on Friday, July 19th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Honeywell International has a consensus rating of Buy and an average price target of $183.58.

In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $165.08, for a total value of $1,180,156.92. Following the completion of the transaction, the chairman now owns 75,521 shares in the company, valued at approximately $12,467,006.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $165.92, for a total value of $1,161,440.00. Following the completion of the transaction, the director now owns 7,103 shares of the company’s stock, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. Insiders have sold 25,133 shares of company stock valued at $4,141,655 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

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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