Honeywell Aerospace (NASDAQ:HONA) Issues Earnings Results, Beats Expectations By $0.31 EPS

Honeywell Aerospace (NASDAQ:HONA) issued its quarterly earnings data on Wednesday. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.31, FiscalAI reports. The company had revenue of $4.64 billion during the quarter.

Here are the key takeaways from Honeywell Aerospace’s conference call:

• Third-quarter results exceeded expectations: organic sales rose 2.4% year over year to $4.6 billion, adjusted EBIT increased 4% to $1.2 billion, and free cash flow was approximately $500 million.
• Demand remains strong, with trailing 12-month orders up 9%, a 1.1 book-to-bill ratio, backlog up 12% to more than $19 billion, and over $20 billion in customer lifetime wins year to date.
• Honeywell Aerospace reported improving supplier output and expects supply-chain actions—including multisourcing, insourcing, tooling investments, and additional capacity—to support stronger output and accelerating sales growth in 2027 and beyond.
• The company maintained its 2026 organic sales growth outlook of 4%–5% and narrowed adjusted EBIT guidance around a $4.4 billion midpoint, while raising adjusted EPS guidance to $7.85–$8.00 and second-half free-cash-flow guidance to $1.2–$1.4 billion.
• Supply constraints continue to limit sales conversion, particularly in bearings, complex machining, castings, and forgings; fourth-quarter margins are expected to decline sequentially because tariff-refund benefits will not recur and unfavorable mix will persist.

Honeywell Aerospace Stock Down 11.3%

Shares of NASDAQ:HONA traded down $20.08 during midday trading on Thursday, hitting $156.95. 1,441,464 shares of the stock were exchanged, compared to its average volume of 3,489,798. Honeywell Aerospace has a 52-week low of $149.19 and a 52-week high of $297.50. The stock’s fifty day moving average is $160.44. The company has a market cap of $49.75 billion and a P/E ratio of 83.93.

Honeywell Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HONA. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a report on Monday, August 10th. Zacks Research cut Honeywell Aerospace from a “hold” rating to a “strong sell” rating in a research note on Monday, September 14th. Argus set a $210.00 price target on shares of Honeywell Aerospace in a report on Friday, October 9th. Evercore set a $210.00 target price on Honeywell Aerospace in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of Honeywell Aerospace from $250.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $201.93.

Trending Headlines about Honeywell Aerospace

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Q3 earnings beat expectations: Honeywell Aerospace reported adjusted EPS of $2.21, above the $1.90 analyst consensus, on revenue of approximately $4.64 billion. Profit rose to $726 million from $644 million a year earlier, while sales increased 2% year over year. Honeywell Aerospace Logs Higher Third-Quarter Profit and Revenue
• Positive Sentiment: 2026 outlook raised: Management increased its full-year pro forma standalone adjusted EPS forecast to $7.85–$8.00 and raised its second-half free-cash-flow guidance, while maintaining its organic sales outlook and narrowing its adjusted EBIT range. Honeywell Aerospace Lifts Free Cash Flow Forecast
• Positive Sentiment: Inaugural dividend announced: The board declared a quarterly dividend of $0.40 per share, payable December 4 to shareholders of record November 13. The $1.60 annualized payout provides an additional attraction for income-oriented investors and signals confidence in future cash generation. Honeywell Aerospace Declares First Quarterly Cash Dividend
• Positive Sentiment: Capacity expansion supports long-term demand: Honeywell Aerospace plans to invest $500 million in a new 300,000-square-foot Tempe, Arizona manufacturing facility, expected to create about 600 jobs and support commercial aviation and defense programs. Honeywell Aerospace Plans Arizona Manufacturing Facility
• Neutral Sentiment: Litigation remains an overhang: Several law firms are promoting a securities class action covering investors who purchased HONA shares from June 29 through September 1, alleging disclosures omitted supplier constraints and a Justice Department cybersecurity investigation. The November 23 lead-plaintiff deadline is an important risk to monitor, although the allegations have not been established in court. Honeywell Aerospace Shareholder Alert

Hedge Funds Weigh In On Honeywell Aerospace

A number of hedge funds have recently added to or reduced their stakes in HONA. BlackRock Inc. bought a new stake in Honeywell Aerospace during the second quarter worth approximately $5,253,341,000. State Street Corp bought a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $2,945,044,000. Wellington Management Group LLP bought a new position in Honeywell Aerospace during the second quarter worth $1,705,882,000. Bank of America Corp DE bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $1,034,187,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $644,412,000.

Honeywell Aerospace Company Profile

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.