Honeywell International (NASDAQ:HON) Releases Q4 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 2.730-2.830 for the period, compared to the consensus EPS estimate of 2.780. The company issued revenue guidance of $10.2 billion-$10.4 billion, compared to the consensus revenue estimate of $10.6 billion. Honeywell International also updated its FY 2024 guidance to 10.150-10.250 EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $223.00 to $217.00 in a report on Friday. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company increased their price objective on shares of Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday. Bank of America reiterated a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a report on Thursday. Finally, Royal Bank of Canada decreased their price target on Honeywell International from $214.00 to $213.00 and set a “sector perform” rating for the company in a research note on Friday. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Performance

HON traded down $1.10 during trading hours on Friday, reaching $208.00. The company’s stock had a trading volume of 6,074,906 shares, compared to its average volume of 2,908,753. The company’s 50-day moving average is $207.20 and its 200-day moving average is $205.32. Honeywell International has a 52 week low of $174.88 and a 52 week high of $222.98. The firm has a market cap of $135.45 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.08. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $9.90 billion. On average, equities analysts forecast that Honeywell International will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 2.17%. Honeywell International’s payout ratio is 52.38%.

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.