Honeywell International (NASDAQ:HON) Releases Q2 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.250-2.350 for the period, compared to the consensus estimate of 2.350. The company issued revenue guidance of $9.2 billion-$9.5 billion, compared to the consensus revenue estimate of $9.4 billion.

Honeywell International Trading Up 0.2 %

Shares of Honeywell International stock traded up $0.43 on Friday, hitting $193.45. The stock had a trading volume of 3,041,356 shares, compared to its average volume of 3,018,941. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. Honeywell International has a one year low of $174.88 and a one year high of $210.87. The stock has a market cap of $125.97 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.23 and a beta of 1.02. The stock’s 50-day simple moving average is $198.18 and its two-hundred day simple moving average is $196.27.

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

Honeywell International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HON shares. Royal Bank of Canada lowered 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. Berenberg Bank raised Honeywell International from a hold rating to a buy rating and lifted their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of Hold and a consensus price target of $219.67.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.