Honeywell – Honeywell International (NYSE:HON) Updates FY 2021 Pre-Market Earnings Guidance
Honeywell International (NYSE:HON) updated its FY 2021
Pre-Market earnings guidance on Friday. The company provided earnings per share guidance of 7.60-8.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.87. The company issued revenue guidance of $33.4-34.4 billion, compared to the consensus revenue estimate of $33.95 billion.
Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $198.00 to $200.00 and gave the company an overweight rating in a research note on Monday, November 2nd. Argus lifted their target price on shares of Honeywell International from $185.00 to $195.00 and gave the stock a buy rating in a research report on Wednesday, November 4th. Morgan Stanley lifted their target price on shares of Honeywell International from $178.00 to $219.00 and gave the stock an equal weight rating in a research report on Tuesday, December 15th. Bank of America lifted their target price on shares of Honeywell International from $180.00 to $210.00 and gave the stock a buy rating in a research report on Thursday, November 5th. Finally, Credit Suisse Group lifted their target price on shares of Honeywell International from $182.00 to $225.00 and gave the stock an outperform rating in a research report on Wednesday, December 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $187.50.
Shares of NYSE HON opened at $202.84 on Friday. The company has a market cap of $142.33 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 3.41 and a beta of 1.13. Honeywell International has a 12 month low of $101.08 and a 12 month high of $216.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.64 and a quick ratio of 1.37. The company has a 50-day simple moving average of $208.95 and a 200-day simple moving average of $181.51.
Honeywell International (NYSE:HON) last released its earnings results on Friday, October 30th. The conglomerate reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The firm had revenue of $7.80 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the previous year, the firm earned $2.08 earnings per share. Honeywell International’s revenue was down 14.2% compared to the same quarter last year. On average, analysts anticipate that Honeywell International will post 7.03 EPS for the current year.
In related news, major shareholder Honeywell International Inc bought 15,000 shares of the stock in a transaction that occurred on Thursday, December 17th. The stock was purchased at an average cost of $4.20 per share, for a total transaction of $63,000.00. Following the completion of the acquisition, the insider now owns 2,892,116 shares in the company, valued at $12,146,887.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director D Scott Davis sold 2,111 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $198.86, for a total transaction of $419,793.46. Over the last 90 days, insiders purchased 410,951 shares of company stock valued at $1,670,542. 0.64% of the stock is owned by insiders.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.
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