Zacks: Analysts Expect Honeywell International Inc. (NYSE:HON) Will Announce Earnings of $2.01 Per Share

Equities analysts forecast that Honeywell International Inc. (NYSE:HON) will post $2.01 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Honeywell International’s earnings, with estimates ranging from $2.00 to $2.02. Honeywell International posted earnings of $2.03 per share during the same quarter last year, which suggests a negative year over year growth rate of 1%. The business is scheduled to issue its next quarterly earnings report on Friday, October 18th.

On average, analysts expect that Honeywell International will report full year earnings of $8.10 per share for the current fiscal year, with EPS estimates ranging from $8.03 to $8.15. For the next fiscal year, analysts anticipate that the firm will report earnings of $8.87 per share, with EPS estimates ranging from $8.70 to $9.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Honeywell International.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.02. The company had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a return on equity of 32.02% and a net margin of 18.17%. Honeywell International’s revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 EPS.

A number of research firms have issued reports on HON. Credit Suisse Group lifted their price target on Honeywell International from $185.00 to $187.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Morgan Stanley lifted their price target on Honeywell International from $183.00 to $188.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Barclays lifted their price target on Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada set a $177.00 price target on Honeywell International and gave the company a “buy” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $183.58.

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

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Honeywell International by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 54,098,206 shares of the conglomerate’s stock worth $9,445,005,000 after purchasing an additional 345,840 shares during the period. BlackRock Inc. raised its holdings in shares of Honeywell International by 3.7% in the 2nd quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock worth $7,847,743,000 after purchasing an additional 1,623,768 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Honeywell International by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,629,620 shares of the conglomerate’s stock worth $1,681,236,000 after purchasing an additional 81,005 shares during the period. Geode Capital Management LLC grew its stake in Honeywell International by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock valued at $1,245,566,000 after buying an additional 478,988 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Honeywell International by 10,615.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,053,437 shares of the conglomerate’s stock valued at $1,580,640,000 after buying an additional 8,968,947 shares in the last quarter. 77.48% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:HON traded up $0.79 during trading hours on Wednesday, hitting $171.16. 3,296,656 shares of the company were exchanged, compared to its average volume of 2,532,980. The company has a current ratio of 1.19, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $166.81 and a 200 day simple moving average of $166.13. The stock has a market capitalization of $122.58 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. Honeywell International has a one year low of $123.48 and a one year high of $178.47.

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.28 annualized dividend and a dividend yield of 1.92%. Honeywell International’s dividend payout ratio is currently 40.95%.

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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