Honeywell International (NYSE:HON) posted its quarterly earnings results on Friday. The conglomerate reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11, MarketWatch Earnings reports. Honeywell International had a net margin of 16.94% and a return on equity of 29.93%. The firm had revenue of $7.48 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same period last year, the firm posted $2.10 earnings per share. The business’s revenue was down 19.1% compared to the same quarter last year. Honeywell International updated its Q3 2020
Pre-Market guidance to EPS.
Shares of Honeywell International stock opened at $149.43 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.63 and a quick ratio of 1.36. The stock has a market cap of $104.88 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.90 and a beta of 1.03. The firm’s 50-day moving average is $147.93 and its 200 day moving average is $151.77. Honeywell International has a 1 year low of $101.08 and a 1 year high of $184.06.
Several brokerages recently commented on HON. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $138.00 to $158.00 in a research note on Thursday, May 21st. Cowen started coverage on shares of Honeywell International in a research report on Sunday. They set a “buy” rating and a $160.00 price objective on the stock. UBS Group reduced their price objective on shares of Honeywell International from $143.00 to $136.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Citigroup reduced their price objective on shares of Honeywell International from $187.00 to $152.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Credit Suisse Group boosted their price objective on shares of Honeywell International from $148.00 to $158.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $153.44.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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