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

Honeywell International (NASDAQ:HON) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 10.150-10.450 for the period, compared to the consensus EPS estimate of 9.930. The company issued revenue guidance of $38.5 billion-$39.3 billion, compared to the consensus revenue estimate of $38.5 billion.

Honeywell International Price Performance

NASDAQ:HON opened at $208.53 on Monday. The firm has a market capitalization of $135.79 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 2.22 and a beta of 1.03. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The stock has a fifty day moving average of $199.98 and a 200 day moving average of $200.33. Honeywell International has a 52-week low of $174.88 and a 52-week high of $211.63.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (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 the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $2.07 EPS. On average, research analysts expect that Honeywell International will post 10.24 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HON. Citigroup upped their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a buy rating in a research report on Tuesday, June 4th. StockNews.com upgraded Honeywell International from a hold rating to a buy rating in a research report on Wednesday, May 15th. Berenberg Bank upgraded Honeywell International from a hold rating to a buy rating and boosted their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a hold rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada lowered their price objective on shares of Honeywell International from $222.00 to $218.00 and set a sector perform rating for the company in a report on Tuesday, June 4th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of Moderate Buy and a consensus target price of $224.75.

Insider Transactions at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 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.