Honeywell International (NASDAQ:HON – Get Rating) announced its quarterly earnings results on Friday. The conglomerate reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05, MarketWatch Earnings reports. The company had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Honeywell International had a return on equity of 30.52% and a net margin of 16.11%. Honeywell International’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $1.92 earnings per share. Honeywell International updated its FY22 guidance to $8.50-$8.80 EPS.
HON opened at $193.51 on Friday. The stock’s 50-day moving average price is $193.36 and its 200 day moving average price is $198.56. Honeywell International has a 12-month low of $174.42 and a 12-month high of $236.86. The company has a current ratio of 1.30, a quick ratio of 1.04 and a debt-to-equity ratio of 0.74. The firm has a market cap of $132.65 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 2.26 and a beta of 1.13.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Friday, May 13th will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, May 12th. Honeywell International’s payout ratio is 49.49%.
Several research analysts recently weighed in on HON shares. Wells Fargo & Company reduced their price target on Honeywell International from $216.00 to $205.00 and set an “equal weight” rating for the company in a research report on Monday, February 7th. JPMorgan Chase & Co. dropped their price target on Honeywell International from $265.00 to $235.00 in a research report on Friday, February 4th. Berenberg Bank initiated coverage on Honeywell International in a research report on Friday, January 14th. They set a “hold” rating and a $230.00 price target for the company. Mizuho lowered their price objective on Honeywell International from $245.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, February 4th. Finally, Citigroup decreased their price target on Honeywell International from $264.00 to $248.00 in a research note on Friday, February 4th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $228.43.
About Honeywell International (Get Rating)
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, as well as wireless connectivity and management services.
- Get a free copy of the StockNews.com research report on Honeywell International (HON)
- Why is Chevron Stock Falling After Strong Earnings?
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.