Honeywell International (NASDAQ:HON) Issues 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.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $0.43 during trading on Friday, reaching $193.45. 3,041,192 shares of the company’s stock traded hands, compared to its average volume of 3,018,941. Honeywell International has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The firm has a market cap of $125.97 billion, a PE ratio of 22.84, a P/E/G ratio of 2.23 and a beta of 1.02. The company has a 50-day simple moving average of $198.25 and a 200-day simple moving average of $196.22.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is presently 51.00%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HON shares. Royal Bank of Canada decreased their price target on shares of Honeywell International from $210.00 to $209.00 and set a sector perform rating on the stock in a research note on Friday, February 2nd. Barclays raised their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a hold rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Berenberg Bank upgraded shares of Honeywell International from a hold rating to a buy rating and raised their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $219.67.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Company Profile

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.