Brokerages Expect Honeywell International Inc. (NYSE:HON) Will Announce Earnings of $2.01 Per Share

Wall Street analysts expect Honeywell International Inc. (NYSE:HON) to post earnings per share (EPS) of $2.01 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Honeywell International’s earnings, with estimates ranging from $2.00 to $2.02. Honeywell International reported earnings of $2.03 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 1%. The company is scheduled to issue its next quarterly earnings report on Friday, October 18th.

On average, analysts expect that Honeywell International will report full year earnings of $8.10 per share for the current year, with EPS estimates ranging from $8.03 to $8.15. For the next financial year, analysts forecast that the company will report earnings of $8.87 per share, with EPS estimates ranging from $8.70 to $9.20. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Honeywell International.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The company had revenue of $9.24 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same period last year, the firm posted $2.12 EPS. Honeywell International’s revenue for the quarter was down 15.3% compared to the same quarter last year.

HON has been the topic of a number of analyst reports. Royal Bank of Canada set a $177.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a research note on Monday, July 22nd. Barclays raised their price objective on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. ValuEngine cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Jefferies Financial Group raised their price objective on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $184.08.

In other Honeywell International news, Chairman Darius Adamczyk sold 7,149 shares of Honeywell International stock in a transaction on Friday, August 16th. The shares were sold at an average price of $165.08, for a total transaction of $1,180,156.92. Following the sale, the chairman now owns 75,521 shares of the company’s stock, valued at approximately $12,467,006.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jaime Chico Pardo sold 7,000 shares of Honeywell International stock in a transaction on Monday, August 12th. The stock was sold at an average price of $165.92, for a total transaction of $1,161,440.00. Following the sale, the director now directly owns 7,103 shares in the company, valued at approximately $1,178,529.76. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in HON. Vanguard Group Inc. raised its holdings in shares of Honeywell International by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 54,098,206 shares of the conglomerate’s stock worth $9,445,005,000 after acquiring an additional 345,840 shares during the period. BlackRock Inc. increased its stake in Honeywell International by 3.7% during the second quarter. BlackRock Inc. now owns 44,949,545 shares of the conglomerate’s stock worth $7,847,743,000 after purchasing an additional 1,623,768 shares during the period. Bank of New York Mellon Corp increased its stake in Honeywell International by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 9,629,620 shares of the conglomerate’s stock worth $1,681,236,000 after purchasing an additional 81,005 shares during the period. Geode Capital Management LLC increased its stake in Honeywell International by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after purchasing an additional 478,988 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Honeywell International by 10,615.4% during the second quarter. Nuveen Asset Management LLC now owns 9,053,437 shares of the conglomerate’s stock worth $1,580,640,000 after buying an additional 8,968,947 shares in the last quarter. 77.48% of the stock is currently owned by institutional investors.

Shares of NYSE HON traded up $0.83 during midday trading on Monday, reaching $165.86. 1,644,477 shares of the stock were exchanged, compared to its average volume of 2,693,855. The firm has a market cap of $119.81 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.16 and a beta of 1.09. Honeywell International has a twelve month low of $123.48 and a twelve month high of $178.47. The firm has a 50-day simple moving average of $171.46 and a two-hundred day simple moving average of $164.88. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.48.

The business 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 $0.82 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a yield of 1.98%. Honeywell International’s dividend payout ratio is currently 40.95%.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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