United Technologies Co. (UTX) Updates FY13 Earnings Guidance
United Technologies Co. (UTX) updated its FY13 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.85-6.15 for the period, compared to the Thomson Reuters consensus estimate of $6.15. The company issued revenue guidance of $64-65 billion, compared to the consensus revenue estimate of $66.45 billion.United Technologies also updated its FY12 guidance to $5.32 EPS.
A number of research firms have also recently commented on UTX. Analysts at Sterne Agee reiterated a buy rating on shares of United Technologies in a research note to investors on Wednesday. They now have a $99.00 price target on the stock. On a related note, analysts at FBR Capital reiterated a market perform rating on shares of United Technologies in a research note to investors on Friday, December 7th. They now have a $88.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of United Technologies in a research note to investors on Wednesday, December 5th. They set a neutral rating and a $84.00 price target on the stock.
United Technologies Co. (UTX) traded down 0.78% on Thursday, hitting $80.37. United Technologies Co. (UTX) has a 1-year low of $70.71 and a 1-year high of $87.50. The company has a market cap of $73.663 billion and a price-to-earnings ratio of 16.65.
United Technologies last announced its earnings results on Tuesday, October 23rd. The company reported $1.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.17 by $0.20. United Technologies’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that United Technologies Co. (UTX) will post $5.32 earnings per share for the current fiscal year.
United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries worldwide.
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