United Technologies (NYSE:UTX) is set to post its quarterly earnings results before the market opens on Tuesday, October 23rd. Analysts expect United Technologies to post earnings of $1.82 per share for the quarter. United Technologies has set its FY18 guidance at $7.10-7.25 EPS.
United Technologies (NYSE:UTX) last posted its earnings results on Tuesday, July 24th. The conglomerate reported $1.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.12. United Technologies had a net margin of 8.09% and a return on equity of 17.53%. The firm had revenue of $16.71 billion for the quarter, compared to analysts’ expectations of $16.26 billion. During the same quarter last year, the firm earned $1.85 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts expect United Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
United Technologies stock opened at $128.68 on Friday. United Technologies has a 52 week low of $115.40 and a 52 week high of $144.15. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.82. The company has a market cap of $103.16 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 1.96 and a beta of 0.98.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be given a dividend of $0.735 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.94 annualized dividend and a dividend yield of 2.28%. This is a boost from United Technologies’s previous quarterly dividend of $0.70. United Technologies’s dividend payout ratio (DPR) is currently 42.11%.
Several equities analysts have commented on the stock. Wolfe Research assumed coverage on shares of United Technologies in a research report on Wednesday, June 27th. They set an “outperform” rating on the stock. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research cut shares of United Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, July 15th. Jefferies Financial Group set a $157.00 price target on shares of United Technologies and gave the stock a “buy” rating in a report on Tuesday, July 10th. Finally, Robert W. Baird lifted their price target on shares of United Technologies from $156.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, September 20th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $149.70.
In related news, VP Robert J. Bailey sold 828 shares of United Technologies stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $134.75, for a total value of $111,573.00. Following the sale, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $269,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akhil Johri sold 3,428 shares of United Technologies stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $135.82, for a total transaction of $465,590.96. Following the completion of the sale, the chief financial officer now directly owns 43,403 shares in the company, valued at approximately $5,894,995.46. The disclosure for this sale can be found here. Insiders sold a total of 18,511 shares of company stock worth $2,521,974 in the last ninety days. 0.17% of the stock is currently owned by insiders.
About United Technologies
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.
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