Honeywell International (NASDAQ:HON - Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 2.250-2.350 for the period, compared to the consensus earnings per share 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 NASDAQ:HON traded up $0.43 during mid-day trading on Friday, reaching $193.45. 3,041,356 shares of the company's stock were exchanged, compared to its average volume of 3,018,941. The business's fifty day moving average price is $198.25 and its 200-day moving average price is $196.22. Honeywell International has a twelve month low of $174.88 and a twelve month high of $210.87. The firm has a market capitalization 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 company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27.
Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data 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 company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the business posted $2.07 EPS. Honeywell International's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts predict that Honeywell International will post 9.94 EPS for the current fiscal year.
Honeywell International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. Honeywell International's dividend payout ratio (DPR) is presently 51.00%.
Analyst Ratings Changes
HON has been the topic of a number of recent analyst reports. Barclays increased their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Berenberg Bank raised Honeywell International from a hold rating to a buy rating and upped their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada dropped their target price on shares of 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $219.67.
Read Our Latest Stock Report on HON
Insider Activity
In other Honeywell International 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 transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.41% of the company's stock.
About Honeywell International
(
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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.
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