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

Honeywell International (NASDAQ:HON) issued an update on its FY 2024 earnings guidance on Saturday morning. The company provided earnings per share (EPS) guidance of 10.050-10.250 for the period, compared to the consensus estimate of 10.250. The company issued revenue guidance of $39.1 billion-$39.7 billion, compared to the consensus revenue estimate of $38.8 billion.

Honeywell International Trading Down 0.4 %

Shares of NASDAQ HON traded down $0.89 during trading on Friday, hitting $203.69. 3,377,778 shares of the company traded hands, compared to its average volume of 2,908,121. Honeywell International has a 1 year low of $174.88 and a 1 year high of $220.79. The company has a 50-day moving average price of $210.09 and a 200-day moving average price of $202.59. The firm has a market capitalization of $132.33 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.32 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $9.41 billion. During the same period in the prior year, the firm earned $2.23 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Honeywell International will post 10.14 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HON shares. Citigroup raised their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a buy rating in a report on Tuesday, June 4th. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $218.00 to $214.00 and set a sector perform rating on the stock in a research note on Friday, July 26th. Daiwa America upgraded shares of Honeywell International to a moderate buy rating in a research report on Wednesday, June 5th. StockNews.com lowered shares of Honeywell International from a buy rating to a hold rating in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft reiterated a hold rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of Hold and a consensus price target of $225.00.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company 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.