United Technologies Corporation (UTX) Scheduled to Post Quarterly Earnings on Tuesday
United Technologies Corporation (NYSE:UTX) will be posting its quarterly earnings results before the market opens on Tuesday, July 25th. Analysts expect United Technologies Corporation to post earnings of $1.78 per share for the quarter. United Technologies Corporation has set its FY17 guidance at $6.30-6.60 EPS.
United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings results on Wednesday, April 26th. The conglomerate reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.09. United Technologies Corporation had a return on equity of 18.10% and a net margin of 9.10%. The firm had revenue of $13.82 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period last year, the company earned $1.47 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts expect United Technologies Corporation to post $6.58 EPS for the current fiscal year and $7.07 EPS for the next fiscal year.
Shares of United Technologies Corporation (UTX) opened at 123.11 on Tuesday. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79. The company’s 50 day moving average price is $121.16 and its 200 day moving average price is $114.71. The firm has a market capitalization of $98.64 billion, a P/E ratio of 19.17 and a beta of 1.07.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be paid a dividend of $0.70 per share. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio is presently 41.19%.
A number of research analysts recently commented on UTX shares. Cowen and Company upped their price objective on United Technologies Corporation from $120.00 to $127.00 and gave the stock an “outperform” rating in a research note on Friday, March 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $118.00 price target on shares of United Technologies Corporation in a research note on Friday, March 24th. Vetr cut United Technologies Corporation from a “hold” rating to a “sell” rating and set a $108.06 price target for the company. in a research note on Monday, March 27th. Zacks Investment Research cut United Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, March 28th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $132.00 price target (up previously from $126.00) on shares of United Technologies Corporation in a research note on Thursday, April 27th. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $122.60.
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In other news, insider Philippe Delpech sold 7,696 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $120.32, for a total transaction of $925,982.72. Following the completion of the sale, the insider now directly owns 63,621 shares of the company’s stock, valued at $7,654,878.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert J. Bailey sold 2,702 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $119.53, for a total value of $322,970.06. Following the sale, the vice president now directly owns 5,000 shares of the company’s stock, valued at $597,650. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.
United Technologies Corporation Company Profile
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.
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