Honeywell International (NASDAQ:HON) Releases Q2 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.250-2.350 for the period, compared to the consensus estimate of 2.350. The company issued revenue guidance of $9.2 billion-$9.5 billion, compared to the consensus revenue estimate of $9.4 billion.

Honeywell International Stock Up 0.2 %

HON opened at $193.45 on Friday. The company has a fifty day moving average price of $198.18 and a 200-day moving average price of $196.34. The firm has a market capitalization of $125.97 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 0.93. Honeywell International has a one year low of $174.88 and a one year high of $210.87.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned $2.07 EPS. Equities research analysts expect that Honeywell International will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Analyst Ratings Changes

HON has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. StockNews.com lowered shares of Honeywell International from a buy rating to a hold rating in a research report on Friday. Barclays upped their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Berenberg Bank upgraded shares of Honeywell International from a hold rating to a buy rating and upped their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada cut their target price on shares of Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of Hold and an average price target of $219.67.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the business’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 directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by 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.