$1.53 EPS Expected for United Technologies Co. (UTX) This Quarter

Equities analysts expect that United Technologies Co. (NYSE:UTX) will post earnings of $1.53 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for United Technologies’ earnings, with the lowest EPS estimate coming in at $1.48 and the highest estimate coming in at $1.63. United Technologies reported earnings of $1.60 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 4.4%. The firm is expected to report its next earnings results on Wednesday, January 23rd.

On average, analysts expect that United Technologies will report full year earnings of $7.20 per share for the current fiscal year, with EPS estimates ranging from $7.15 to $7.30. For the next financial year, analysts expect that the company will post earnings of $7.71 per share, with EPS estimates ranging from $7.35 to $8.00. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow United Technologies.

United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.11. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.10 billion. United Technologies had a return on equity of 17.70% and a net margin of 7.76%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.73 EPS.

A number of research firms have weighed in on UTX. UBS Group began coverage on United Technologies in a report on Wednesday, August 15th. They set a “buy” rating for the company. ValuEngine raised United Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Royal Bank of Canada reduced their target price on United Technologies to $148.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Cowen reaffirmed a “hold” rating and set a $141.00 target price on shares of United Technologies in a report on Thursday. Finally, Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a report on Tuesday, September 25th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $151.58.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BTR Capital Management Inc. grew its holdings in shares of United Technologies by 0.4% during the second quarter. BTR Capital Management Inc. now owns 92,105 shares of the conglomerate’s stock worth $11,516,000 after purchasing an additional 375 shares in the last quarter. Ascension Asset Management LLC grew its holdings in shares of United Technologies by 2.6% during the second quarter. Ascension Asset Management LLC now owns 15,775 shares of the conglomerate’s stock worth $1,972,000 after purchasing an additional 400 shares in the last quarter. Elmwood Wealth Management Inc. grew its holdings in shares of United Technologies by 5.4% during the third quarter. Elmwood Wealth Management Inc. now owns 7,763 shares of the conglomerate’s stock worth $1,085,000 after purchasing an additional 400 shares in the last quarter. Howe & Rusling Inc. grew its holdings in shares of United Technologies by 13.3% during the third quarter. Howe & Rusling Inc. now owns 3,400 shares of the conglomerate’s stock worth $475,000 after purchasing an additional 400 shares in the last quarter. Finally, HPM Partners LLC grew its holdings in shares of United Technologies by 1.5% during the third quarter. HPM Partners LLC now owns 27,921 shares of the conglomerate’s stock worth $3,904,000 after purchasing an additional 402 shares in the last quarter. 82.10% of the stock is owned by institutional investors.

UTX stock opened at $119.45 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.52 and a debt-to-equity ratio of 1.12. The stock has a market cap of $96.81 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 1.84 and a beta of 1.07. United Technologies has a twelve month low of $115.40 and a twelve month high of $144.15.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.735 per share. This is a positive change from United Technologies’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.94 annualized dividend and a dividend yield of 2.46%. United Technologies’s payout ratio is presently 44.21%.

United Technologies Company Profile

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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