Honeywell International (NASDAQ:HON) Updates 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 Price Performance

HON opened at $203.69 on Monday. The company has a market capitalization of $132.33 billion, a price-to-earnings ratio of 23.60, a PEG 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. The firm has a 50-day moving average price of $210.09 and a 200-day moving average price of $202.66. Honeywell International has a twelve month low of $174.88 and a twelve month high of $220.79.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.23 EPS. Equities analysts expect that Honeywell International will post 10.14 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HON shares. Citigroup upped their price target on Honeywell International from $243.00 to $244.00 and gave the company a buy rating in a research report on Tuesday, June 4th. UBS Group upgraded shares of Honeywell International from a sell rating to a neutral rating and increased their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Deutsche Bank Aktiengesellschaft restated a hold rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. StockNews.com downgraded Honeywell International from a buy rating to a hold rating in a research report on Saturday. Finally, Royal Bank of Canada reduced their target price on Honeywell International from $218.00 to $214.00 and set a sector perform rating for the company in a research report on Friday, July 26th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $225.00.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was 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 in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.