Honeywell (NYSE:HON) will post its quarterly earnings results before the market opens on Friday, April 20th. Analysts expect Honeywell to post earnings of $1.87 per share for the quarter. Honeywell has set its Q1 guidance at $1.87-1.93 EPS and its FY18 guidance at $7.75-8.00 EPS.
Honeywell (NYSE:HON) last posted its quarterly earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The business had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.80 billion. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.74 EPS. On average, analysts expect Honeywell to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
HON stock opened at $149.37 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.72. The company has a market cap of $110,356.29, a P/E ratio of 21.01, a PEG ratio of 2.01 and a beta of 0.97. Honeywell has a 12-month low of $122.64 and a 12-month high of $165.13.
In other news, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the transaction, the director now owns 9,105 shares of the company’s stock, valued at $1,344,899.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the completion of the transaction, the director now directly owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in HON. DF Dent & Co. Inc. bought a new position in shares of Honeywell in the second quarter worth $203,000. Logan Capital Management Inc. bought a new position in shares of Honeywell in the second quarter worth $207,000. Quadrant Capital Group LLC grew its stake in shares of Honeywell by 127.9% in the second quarter. Quadrant Capital Group LLC now owns 1,889 shares of the conglomerate’s stock worth $218,000 after purchasing an additional 1,060 shares in the last quarter. Laurel Wealth Advisors Inc. grew its stake in shares of Honeywell by 4.8% in the second quarter. Laurel Wealth Advisors Inc. now owns 1,889 shares of the conglomerate’s stock worth $251,000 after purchasing an additional 86 shares in the last quarter. Finally, Cypress Capital Management LLC grew its stake in shares of Honeywell by 21.6% in the second quarter. Cypress Capital Management LLC now owns 1,983 shares of the conglomerate’s stock worth $264,000 after purchasing an additional 352 shares in the last quarter. 75.30% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Honeywell from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Stifel Nicolaus reissued a “buy” rating and set a $165.00 price target on shares of Honeywell in a research report on Friday, February 16th. Barclays assumed coverage on Honeywell in a research report on Thursday, February 15th. They set an “overweight” rating and a $170.00 price target on the stock. ValuEngine raised Honeywell from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, TheStreet lowered Honeywell from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Honeywell presently has a consensus rating of “Buy” and an average price target of $166.07.
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Honeywell Company Profile
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.
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