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

Honeywell International (NASDAQ:HON) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 10.150-10.250 for the period, compared to the consensus EPS estimate of 10.130. The company issued revenue guidance of $38.6 billion-$38.8 billion, compared to the consensus revenue estimate of $39.2 billion. Honeywell International also updated its FY24 guidance to $10.15-$10.25 EPS.

Wall Street Analyst Weigh In

Several research firms have recently commented on HON. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. JPMorgan Chase & Co. downgraded shares of Honeywell International from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $225.00 to $235.00 in a report on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and set a $214.00 price target on shares of Honeywell International in a report on Thursday, September 26th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $215.00 to $207.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Finally, Bank of America reissued a “neutral” rating and set a $230.00 price target (down from $250.00) on shares of Honeywell International in a report on Thursday. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $224.20.

Honeywell International Price Performance

NASDAQ:HON traded down $11.24 during trading hours on Thursday, reaching $209.10. 8,695,587 shares of the company were exchanged, compared to its average volume of 2,893,359. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The stock’s 50-day moving average is $206.99 and its 200-day moving average is $205.30. The firm has a market cap of $136.16 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. Honeywell International has a twelve month low of $174.88 and a twelve month high of $222.98.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.23 earnings per share. On average, sell-side analysts anticipate that Honeywell International will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.16%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio is 52.38%.

Honeywell International Company Profile

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.