Honeywell International (NASDAQ:HON) Releases FY24 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $9.80-10.10 for the period, compared to the consensus estimate of $9.95. The company issued revenue guidance of $38.1-38.9 billion, compared to the consensus revenue estimate of $38.51 billion. Honeywell International also updated its FY 2024 guidance to 9.800-10.100 EPS.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada cut their price target on 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. Berenberg Bank raised shares of Honeywell International from a hold rating to a buy rating and boosted their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays boosted their target price 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. Finally, Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of Hold and a consensus price target of $219.67.

Honeywell International Trading Up 0.2 %

Shares of HON stock traded up $0.43 during trading hours on Friday, hitting $193.45. 3,041,356 shares of the company were exchanged, compared to its average volume of 3,018,941. The firm has a market cap of $125.97 billion, a PE ratio of 22.84, a PEG ratio of 2.23 and a beta of 1.02. Honeywell International has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The firm has a fifty day moving average of $198.18 and a 200 day moving average of $196.27.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.07 EPS. Analysts expect that Honeywell International will post 9.94 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. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. 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 stock in a transaction that occurred on 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 completion of the sale, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.