Honeywell International (NASDAQ:HON) Updates FY 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 9.800-10.100 for the period, compared to the consensus EPS estimate of 9.950. The company issued revenue guidance of $38.1 billion-$38.9 billion, compared to the consensus revenue estimate of $38.5 billion. Honeywell International also updated its FY24 guidance to $9.80-10.10 EPS.

Honeywell International Price Performance

Shares of HON stock opened at $193.45 on Friday. Honeywell International has a 12 month low of $174.88 and a 12 month high of $210.87. The company has a market capitalization of $125.97 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.21 and a beta of 1.02. The stock has a 50 day moving average of $198.18 and a two-hundred day moving average of $196.34. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period in the previous year, the business earned $2.07 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts expect that Honeywell International will post 9.96 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Analyst Ratings Changes

HON has been the subject of a number of research analyst reports. Berenberg Bank raised shares of Honeywell International from a hold rating to a buy rating and boosted their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays upped their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Royal Bank of Canada lowered their target price on Honeywell International from $210.00 to $209.00 and set a sector perform rating for the company in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, StockNews.com downgraded shares of Honeywell International from a buy rating to a hold rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $219.67.

Insider Activity at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by insiders.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.