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

Honeywell International (NASDAQ:HON) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 9.680-9.780 for the period, compared to the consensus estimate of 10.170. The company issued revenue guidance of $38.2 billion-$38.4 billion, compared to the consensus revenue estimate of $38.7 billion. Honeywell International also updated its Q4 2024 guidance to 2.260-2.360 EPS.

Analysts Set New Price Targets

A number of analysts recently weighed in on HON shares. Barclays increased their price objective on shares of Honeywell International from $252.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. The Goldman Sachs Group boosted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus target price of $248.77.

Honeywell International Trading Down 0.6 %

Shares of Honeywell International stock opened at $227.69 on Friday. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77. The firm’s 50 day simple moving average is $220.58 and its two-hundred day simple moving average is $211.47. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $148.06 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.85 and a beta of 1.05.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s payout ratio is currently 52.19%.

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.