Honeywell International (NASDAQ:HON) Updates FY24 Earnings Guidance

Honeywell International (NASDAQ:HON) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $10.15-$10.25 for the period, compared to the consensus EPS 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 Price Performance

NASDAQ:HON traded down $11.24 during mid-day trading on Thursday, reaching $209.10. 8,695,587 shares of the company were exchanged, compared to its average volume of 2,893,359. Honeywell International has a 12 month low of $174.88 and a 12 month high of $222.98. The stock has a market cap of $136.16 billion, a PE ratio of 24.23, a PEG ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The company has a fifty day moving average of $206.99 and a 200 day moving average of $205.30.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the previous year, the company posted $2.23 EPS. Honeywell International’s revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that Honeywell International will post 10.1 EPS 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. Shareholders of record on Friday, November 15th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. Honeywell International’s dividend payout ratio is presently 52.38%.

Analyst Upgrades and Downgrades

A number of analysts have commented on HON shares. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Royal Bank of Canada restated a “sector perform” rating and set a $214.00 target price on shares of Honeywell International in a report on Thursday, September 26th. Bank of America reaffirmed a “neutral” rating and issued a $230.00 price target (down from $250.00) on shares of Honeywell International in a research note on Thursday. Finally, JPMorgan Chase & Co. cut shares of Honeywell International from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $225.00 to $235.00 in a report on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $224.20.

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.