Brokerages expect that Honeywell International Inc. (NYSE:HON) will post $9.95 billion in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Honeywell International’s earnings, with the lowest sales estimate coming in at $9.87 billion and the highest estimate coming in at $10.04 billion. Honeywell International posted sales of $9.49 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The firm is expected to issue its next earnings results on Friday, April 20th.
On average, analysts expect that Honeywell International will report full-year sales of $9.95 billion for the current year, with estimates ranging from $41.96 billion to $42.43 billion. For the next fiscal year, analysts anticipate that the company will post sales of $43.87 billion per share, with estimates ranging from $43.50 billion to $44.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Honeywell International.
Honeywell International (NYSE:HON) last released its earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.80 billion. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 earnings per share.
Honeywell International (HON) traded up $1.81 during trading on Tuesday, reaching $155.12. The company had a trading volume of 3,139,873 shares, compared to its average volume of 3,520,000. The firm has a market capitalization of $116,650.00, a price-to-earnings ratio of 36.24, a P/E/G ratio of 2.17 and a beta of 0.96. Honeywell International has a 52-week low of $122.40 and a 52-week high of $165.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.13.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 annualized dividend and a yield of 1.92%. Honeywell International’s dividend payout ratio is presently 69.63%.
Honeywell International announced that its Board of Directors has approved a stock buyback program on Friday, December 8th that permits the company to buyback $6.50 billion in shares. This buyback authorization permits the conglomerate to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In other Honeywell International news, Director Linnet F. Deily sold 2,886 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the sale, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.56% of the company’s stock.
Large investors have recently made changes to their positions in the business. Hudock Capital Group LLC boosted its position in shares of Honeywell International by 0.3% in the second quarter. Hudock Capital Group LLC now owns 4,041 shares of the conglomerate’s stock worth $538,000 after buying an additional 14 shares during the period. Rowland & Co. Investment Counsel ADV boosted its position in shares of Honeywell International by 0.4% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 3,735 shares of the conglomerate’s stock worth $499,000 after buying an additional 14 shares during the period. Jacobi Capital Management LLC boosted its position in shares of Honeywell International by 0.6% in the second quarter. Jacobi Capital Management LLC now owns 2,800 shares of the conglomerate’s stock worth $377,000 after buying an additional 16 shares during the period. Oliver Luxxe Assets LLC boosted its position in shares of Honeywell International by 0.5% in the second quarter. Oliver Luxxe Assets LLC now owns 4,664 shares of the conglomerate’s stock worth $622,000 after buying an additional 21 shares during the period. Finally, Bienville Capital Management LLC boosted its position in shares of Honeywell International by 1.0% in the second quarter. Bienville Capital Management LLC now owns 3,132 shares of the conglomerate’s stock worth $417,000 after buying an additional 31 shares during the period. Institutional investors own 75.73% of the company’s stock.
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About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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