Honeywell International (NASDAQ:HON) Updates FY 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 9.800-10.100 for the period, compared to the consensus EPS estimate of 9.950. The company issued revenue guidance of $38.1 billion-$38.9 billion, compared to the consensus revenue estimate of $38.5 billion. Honeywell International also updated its FY24 guidance to $9.80-10.10 EPS.

Analysts Set New Price Targets

HON has been the topic of a number of recent research reports. Berenberg Bank upgraded Honeywell International from a hold rating to a buy rating and raised their target price for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada reduced their price target on Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Barclays boosted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of Hold and an average price target of $219.67.

Honeywell International Trading Down 0.9 %

NASDAQ:HON traded down $1.77 during midday trading on Thursday, hitting $193.02. 3,894,245 shares of the company traded hands, compared to its average volume of 3,018,661. Honeywell International has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The firm’s fifty day moving average is $198.25 and its 200-day moving average is $196.22. The firm has a market capitalization of $125.69 billion, a P/E ratio of 22.79, a P/E/G ratio of 2.25 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the firm earned $2.07 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts predict that Honeywell International will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is currently 51.00%.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by insiders.

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.