Honeywell International (NYSE:HON) Releases FY 2021 Earnings Guidance

Honeywell International (NYSE:HON) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $7.750-8.000 for the period, compared to the Thomson Reuters consensus estimate of $8.000. The company issued revenue guidance of $34 billion-34.80 billion, compared to the consensus revenue estimate of $34.86 billion.Honeywell International also updated its Q2 2021 guidance to $1.860-1.960 EPS.

HON has been the subject of a number of analyst reports. Credit Suisse Group boosted their target price on shares of Honeywell International from $224.00 to $235.00 and gave the company an outperform rating in a research note on Monday, April 26th. Barclays increased their price objective on Honeywell International from $230.00 to $245.00 and gave the stock an overweight rating in a report on Monday, April 26th. JPMorgan Chase & Co. lifted their target price on Honeywell International from $200.00 to $250.00 and gave the company an overweight rating in a research note on Friday, April 9th. Morgan Stanley increased their price target on Honeywell International from $230.00 to $246.00 and gave the stock an equal weight rating in a research note on Monday, April 26th. Finally, Zacks Investment Research upgraded shares of Honeywell International from a hold rating to a buy rating and set a $233.00 price objective on the stock in a research note on Tuesday, April 27th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $221.00.

HON traded up $3.10 during midday trading on Thursday, hitting $217.76. 112,246 shares of the company’s stock traded hands, compared to its average volume of 2,707,107. The company has a current ratio of 1.43, a quick ratio of 1.17 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $151.25 billion, a P/E ratio of 32.82, a PEG ratio of 2.66 and a beta of 1.15. Honeywell International has a one year low of $137.53 and a one year high of $234.02. The company’s fifty day moving average price is $225.28.

Honeywell International (NYSE:HON) last released its earnings results on Thursday, April 22nd. The conglomerate reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.12. The firm had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.07 billion. Honeywell International had a net margin of 14.18% and a return on equity of 26.51%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.21 EPS. On average, equities analysts forecast that Honeywell International will post 8.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 4th. Stockholders of record on Friday, May 14th were paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, May 13th. Honeywell International’s dividend payout ratio (DPR) is presently 52.39%.

In other news, VP Anne T. Madden sold 8,885 shares of the company’s stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $223.22, for a total transaction of $1,983,309.70. Following the completion of the transaction, the vice president now directly owns 50,658 shares of the company’s stock, valued at $11,307,878.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.44% of the company’s stock.

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 services.

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Earnings History and Estimates for Honeywell International (NYSE:HON)

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