Honeywell International (NASDAQ:HON) Issues FY24 Earnings Guidance

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

Honeywell International Price Performance

Shares of HON traded up $0.29 on Friday, hitting $202.74. The company’s stock had a trading volume of 7,452,368 shares, compared to its average volume of 2,906,843. The company has a 50 day moving average price of $210.02 and a 200 day moving average price of $202.53. Honeywell International has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The company has a market capitalization of $132.02 billion, a PE ratio of 23.35, a PEG ratio of 2.21 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the company earned $2.23 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that Honeywell International will post 10.27 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.13%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HON. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $218.00 to $214.00 and set a sector perform rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a hold rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Citigroup raised their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a buy rating in a research note on Tuesday, June 4th. Barclays raised their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. Finally, Daiwa America upgraded shares of Honeywell International to a moderate buy rating in a research note on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Honeywell International has an average rating of Moderate Buy and an average price target of $224.50.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the transaction, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.