Honeywell International (NASDAQ:HON) Releases FY24 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $10.05-10.25 for the period, compared to the consensus estimate of $10.25. The company issued revenue guidance of $39.1-39.7 billion, compared to the consensus revenue estimate of $38.74 billion.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup increased their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a buy rating in a report on Tuesday, June 4th. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upped their target price on Honeywell International from $205.00 to $220.00 and gave the stock an equal weight rating in a research note on Wednesday, July 10th. StockNews.com upgraded Honeywell International from a hold rating to a buy rating in a research note on Wednesday, May 15th. Finally, UBS Group upgraded Honeywell International from a sell rating to a neutral rating and upped their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $225.63.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $11.20 during trading on Thursday, hitting $202.45. 6,683,307 shares of the stock traded hands, compared to its average volume of 2,876,984. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The stock has a market cap of $131.83 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.24 and a beta of 1.04. The firm’s fifty day moving average is $210.02 and its 200-day moving average is $202.53. Honeywell International has a 52 week low of $174.88 and a 52 week high of $220.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the company earned $2.07 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Research analysts expect that Honeywell International will post 10.27 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $1.08 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.13%. Honeywell International’s payout ratio is 50.06%.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 28,500 shares of the firm’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 transaction of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 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.