Honeywell International (NASDAQ:HON) Releases FY24 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $10.15-$10.25 for the period, compared to the consensus earnings per share estimate of $10.09. The company issued revenue guidance of $38.6-$38.8 billion, compared to the consensus revenue estimate of $39.15 billion. Honeywell International also updated its FY 2024 guidance to 10.150-10.250 EPS.

Honeywell International Stock Down 0.5 %

HON traded down $1.10 during trading hours on Friday, hitting $208.00. 6,087,569 shares of the company’s stock were exchanged, compared to its average volume of 2,908,814. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International has a 1-year low of $174.88 and a 1-year high of $222.98. The stock’s 50-day moving average is $207.20 and its two-hundred day moving average is $205.32. The stock has a market cap of $135.45 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 2.45 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.08. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Sell-side analysts predict that Honeywell International will post 10.1 earnings per share for the current fiscal year.

Honeywell International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.13 per share. The ex-dividend date is Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio is currently 52.38%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HON. Royal Bank of Canada lowered their target price on shares of Honeywell International from $214.00 to $213.00 and set a “sector perform” rating on the stock in a report on Friday. Barclays dropped their target price on shares of Honeywell International from $232.00 to $229.00 and set an “overweight” rating on the stock in a report on Friday. Citigroup reduced their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $223.00 to $217.00 in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $223.73.

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.