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

Honeywell International (NASDAQ:HON) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 9.800-10.100 for the period, compared to the consensus 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. Honeywell International also updated its FY24 guidance to $9.80-10.10 EPS.

Analysts Set New Price Targets

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

Honeywell International Trading Up 0.2 %

HON stock traded up $0.43 during trading on Friday, hitting $193.45. The company had a trading volume of 3,041,537 shares, compared to its average volume of 2,666,853. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $198.18 and a 200-day moving average price of $196.27. Honeywell International has a 12 month low of $174.88 and a 12 month high of $210.87. The stock has a market cap of $125.97 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 EPS. As a group, analysts predict that Honeywell International will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is 50.06%.

Insider Activity at Honeywell International

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

About Honeywell International

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.