Honeywell International (NASDAQ:HON) Issues Q4 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.260-2.360 for the period, compared to the consensus earnings per share estimate of 2.780. The company issued revenue guidance of $9.8 billion-$10.0 billion, compared to the consensus revenue estimate of $10.2 billion. Honeywell International also updated its FY 2024 guidance to 9.680-9.780 EPS.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $227.62 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44. The firm has a market cap of $148.01 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The firm’s 50 day simple moving average is $221.06 and its 200-day simple moving average is $211.75. Honeywell International has a one year low of $189.66 and a one year high of $242.77.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a dividend of $1.13 per share. The ex-dividend date was Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. Honeywell International’s payout ratio is 52.19%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. UBS Group reissued a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Morgan Stanley started coverage on shares of Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wolfe Research cut Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $248.77.

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.