Honeywell International (NASDAQ:HON) Issues FY 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 10.150-10.250 for the period, compared to the consensus estimate of 10.130. The company issued revenue guidance of $38.6 billion-$38.8 billion, compared to the consensus revenue estimate of $39.2 billion. Honeywell International also updated its FY24 guidance to $10.15-$10.25 EPS.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HON. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $223.00 to $217.00 in a report on Friday. Bank of America reissued a “neutral” rating and set a $230.00 target price (down from $250.00) on shares of Honeywell International in a research note on Thursday. Wells Fargo & Company increased their price target on Honeywell International from $207.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Barclays cut their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $223.73.

Honeywell International Stock Performance

Shares of HON traded down $1.10 during mid-day trading on Friday, reaching $208.00. 6,088,157 shares of the company’s stock were exchanged, compared to its average volume of 2,908,814. The business’s fifty day simple moving average is $207.39 and its 200-day simple moving average is $205.39. The stock has a market capitalization of $135.45 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International has a 52-week low of $174.88 and a 52-week high of $222.98. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.08. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.90 billion. On average, equities research analysts expect that Honeywell International will post 10.1 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is 52.38%.

Honeywell International Company Profile

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.