Equities research analysts forecast that United Technologies Corporation (NYSE:UTX) will report earnings of $1.69 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for United Technologies Corporation’s earnings, with the highest EPS estimate coming in at $1.72 and the lowest estimate coming in at $1.64. United Technologies Corporation posted earnings of $1.76 per share during the same quarter last year, which suggests a negative year over year growth rate of 4%. The company is expected to report its next quarterly earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that United Technologies Corporation will report full-year earnings of $6.58 per share for the current fiscal year, with EPS estimates ranging from $6.50 to $6.61. For the next financial year, analysts expect that the business will report earnings of $7.00 per share, with EPS estimates ranging from $6.85 to $7.13. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for United Technologies Corporation.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.07. The company had revenue of $15.28 billion for the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 EPS.

UTX has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $132.00 price target (up from $126.00) on shares of United Technologies Corporation in a report on Thursday, April 27th. Zacks Investment Research raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Tuesday, May 16th. BidaskClub raised shares of United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. UBS AG lifted their price target on shares of United Technologies Corporation to $135.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $127.00 price target on shares of United Technologies Corporation in a report on Tuesday, July 25th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $123.54.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tortoise Investment Management LLC boosted its stake in shares of United Technologies Corporation by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after buying an additional 48 shares during the last quarter. Seven Bridges Advisors LLC bought a new stake in shares of United Technologies Corporation during the second quarter valued at $120,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of United Technologies Corporation by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock valued at $112,000 after buying an additional 125 shares during the last quarter. Winfield Associates Inc. boosted its stake in shares of United Technologies Corporation by 2.9% in the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock valued at $126,000 after buying an additional 29 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of United Technologies Corporation during the second quarter valued at $131,000. Institutional investors own 78.81% of the company’s stock.

United Technologies Corporation (UTX) traded up 0.17% during mid-day trading on Friday, hitting $118.72. The company had a trading volume of 553,120 shares. The firm has a market capitalization of $94.83 billion, a PE ratio of 18.08 and a beta of 1.06. United Technologies Corporation has a 1-year low of $97.62 and a 1-year high of $124.79. The company has a 50 day moving average of $121.70 and a 200 day moving average of $116.57.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. 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 2.36%. United Technologies Corporation’s payout ratio is currently 40.24%.

About United Technologies Corporation

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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Earnings History and Estimates for United Technologies Corporation (NYSE:UTX)

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