Analysts expect Honeywell International Inc. (NYSE:HON) to report sales of $9.95 billion for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Honeywell International’s earnings. The lowest sales estimate is $9.87 billion and the highest is $10.04 billion. Honeywell International reported sales of $9.49 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The company is scheduled to issue its next quarterly earnings results on Friday, April 20th.
On average, analysts expect that Honeywell International will report full-year sales of $9.95 billion for the current year, with estimates ranging from $41.96 billion to $42.43 billion. For the next year, analysts forecast that the business will post sales of $43.87 billion per share, with estimates ranging from $43.50 billion to $44.41 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Honeywell International.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.74 earnings per share.
In other Honeywell International news, Director Linnet F. Deily sold 2,886 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the sale, the director now owns 9,105 shares of the company’s stock, valued at approximately $1,344,899.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.56% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Hudock Capital Group LLC boosted its holdings in shares of Honeywell International by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock valued at $538,000 after acquiring an additional 14 shares in the last quarter. Rowland & Co. Investment Counsel ADV boosted its holdings in shares of Honeywell International by 0.4% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock valued at $499,000 after acquiring an additional 14 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of Honeywell International by 0.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock valued at $377,000 after acquiring an additional 16 shares in the last quarter. Oliver Luxxe Assets LLC boosted its holdings in shares of Honeywell International by 0.5% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock valued at $622,000 after acquiring an additional 21 shares in the last quarter. Finally, Bienville Capital Management LLC boosted its holdings in shares of Honeywell International by 1.0% during the 2nd quarter. Bienville Capital Management LLC now owns 3,132 shares of the conglomerate’s stock valued at $417,000 after acquiring an additional 31 shares in the last quarter. 75.73% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International (NYSE:HON) opened at $154.03 on Tuesday. The firm has a market capitalization of $115,830.86, a P/E ratio of 21.82, a PEG ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. Honeywell International has a 52 week low of $122.40 and a 52 week high of $165.13.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a yield of 1.93%. Honeywell International’s dividend payout ratio (DPR) is presently 143.27%.
Honeywell International announced that its Board of Directors has authorized a share buyback plan on Friday, December 8th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the conglomerate to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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Honeywell International Company Profile
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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