United Technologies (UTX) Set to Announce Quarterly Earnings on Tuesday

United Technologies (NYSE:UTX) is set to announce its earnings results before the market opens on Tuesday, April 24th. Analysts expect the company to announce earnings of $1.50 per share for the quarter. United Technologies has set its FY18 guidance at $6.85-7.10 EPS.

United Technologies (NYSE:UTX) last posted its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. United Technologies had a return on equity of 17.35% and a net margin of 7.61%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. On average, analysts expect United Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

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United Technologies stock opened at $123.08 on Friday. United Technologies has a 52 week low of $109.10 and a 52 week high of $139.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35. The stock has a market capitalization of $99,052.55, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08.



Several equities analysts recently issued reports on UTX shares. Royal Bank of Canada upgraded United Technologies from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Robert W. Baird upgraded United Technologies from a “neutral” rating to an “outperform” rating in a research note on Friday, January 5th. Goldman Sachs upgraded United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Zacks Investment Research upgraded United Technologies from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research note on Saturday, January 20th. Finally, UBS started coverage on United Technologies in a research note on Tuesday, January 23rd. They set a “buy” rating and a $158.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $139.07.

In other United Technologies news, VP Robert J. Bailey sold 2,032 shares of United Technologies stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the sale, the vice president now directly owns 4,900 shares of the company’s stock, valued at $661,255. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in United Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after purchasing an additional 848,623 shares in the last quarter. BlackRock Inc. boosted its holdings in United Technologies by 0.3% during the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock valued at $5,384,561,000 after purchasing an additional 133,036 shares in the last quarter. FMR LLC boosted its holdings in United Technologies by 13.2% during the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after purchasing an additional 2,401,795 shares in the last quarter. Capital Research Global Investors boosted its holdings in United Technologies by 3.6% during the second quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock valued at $1,072,082,000 after purchasing an additional 304,989 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in United Technologies by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 4,710,878 shares of the conglomerate’s stock valued at $575,246,000 after purchasing an additional 119,063 shares in the last quarter. 81.89% of the stock is currently owned by institutional investors.

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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.

Earnings History for United Technologies (NYSE:UTX)

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