Honeywell International (HON) Issues FY13 Earnings Guidance
Honeywell International (HON) updated its FY13 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.75-4.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.94. The company issued revenue guidance of $39.0-39.5 billion, compared to the consensus revenue estimate of $39.38 billion.Honeywell International also updated its Q1 guidance to $1.10-1.15 EPS.
A number of analysts have recently weighed in on HON shares. Analysts at Sterne Agee reiterated a buy rating on shares of Honeywell International in a research note to investors on Thursday, February 28th. They now have a $81.00 price target on the stock. On a related note, analysts at TheStreet reiterated a buy rating on shares of Honeywell International in a research note to investors on Thursday, February 28th. Finally, analysts at RBC Capital raised their price target on shares of Honeywell International from $77.00 to $80.00 in a research note to investors on Thursday, February 21st. They now have an outperform rating on the stock.
Fifteen research analysts have rated the stock with a buy rating, three have issued an overweight rating, and seven have assigned a hold rating to the stock. The company presently has a consensus rating of overweight and an average target price of $75.65.
Honeywell International (HON) traded up 0.88% on Wednesday, hitting $71.305. Honeywell International (HON) has a 1-year low of $52.21 and a 1-year high of $71.43. The stock’s 50-day moving average is currently $69.29. The company has a market cap of $55.888 billion and a price-to-earnings ratio of 19.15.
Honeywell International last released its earnings data on Friday, January 25th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.01. The company had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $9.52 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Honeywell International has set its Q1 guidance at $1.10-1.15 EPS and its FY13 guidance at $4.75-4.95 EPS. On average, analysts predict that Honeywell International (HON) will post $4.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 11th. Investors of record on Monday, February 25th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, February 21st.
Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.
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