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

Honeywell International (NASDAQ:HON) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 10.150-10.250 for the period, compared to the consensus earnings per share 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.

Honeywell International Stock Down 0.5 %

Shares of NASDAQ:HON traded down $1.10 during midday trading on Friday, hitting $208.00. 6,074,906 shares of the company’s stock were exchanged, compared to its average volume of 2,908,753. Honeywell International has a 12 month low of $174.88 and a 12 month high of $222.98. The company has a market cap of $135.45 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The stock has a 50 day moving average price of $207.20 and a 200-day moving average price of $205.32.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $2.58 EPS for the quarter, topping 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 firm had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $9.90 billion. On average, sell-side analysts anticipate that Honeywell International will post 10.1 EPS for the current fiscal year.

Honeywell International Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on HON shares. Morgan Stanley assumed coverage on shares of Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target on the stock. Wells Fargo & Company boosted their target price on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday. Citigroup decreased their price target on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a research report on Friday. Barclays decreased their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a research report on Friday. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently 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.