$9.94 Billion in Sales Expected for Honeywell (HON) This Quarter

Analysts predict that Honeywell (NYSE:HON) will report sales of $9.94 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Honeywell’s earnings, with the lowest sales estimate coming in at $9.87 billion and the highest estimate coming in at $10.02 billion. Honeywell reported sales of $9.49 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The company is expected to announce its next quarterly earnings report before the market opens on Friday, April 20th.

On average, analysts expect that Honeywell will report full-year sales of $42.17 billion for the current year, with estimates ranging from $41.96 billion to $42.25 billion. For the next financial year, analysts expect that the firm will report sales of $43.76 billion per share, with estimates ranging from $43.50 billion to $44.05 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Honeywell.

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Honeywell (NYSE:HON) last announced its earnings results on Friday, January 26th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate of $1.84 by $0.01. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Honeywell had a return on equity of 27.27% and a net margin of 4.08%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share.

Several analysts have recently commented on the company. Zacks Investment Research upgraded Honeywell from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Tuesday, April 3rd. Stifel Nicolaus restated a “buy” rating and set a $165.00 target price on shares of Honeywell in a report on Friday, February 16th. Cowen restated a “buy” rating and set a $168.00 target price on shares of Honeywell in a report on Monday, January 22nd. Robert W. Baird restated a “buy” rating and set a $187.00 target price on shares of Honeywell in a report on Friday, January 26th. Finally, Bank of America increased their target price on Honeywell from $117.12 to $168.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Honeywell has a consensus rating of “Buy” and a consensus target price of $166.07.

In other Honeywell news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $156.36, for a total value of $448,440.48. Following the transaction, the director now owns 41,092 shares of the company’s stock, valued at $6,425,145.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linnet F. Deily sold 2,886 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $147.71, for a total value of $426,291.06. Following the completion of the transaction, the director now directly owns 9,105 shares in the company, valued at approximately $1,344,899.55. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Wagner Wealth Management LLC acquired a new position in Honeywell in the fourth quarter valued at about $101,000. Welch Group LLC acquired a new position in Honeywell in the fourth quarter valued at about $100,000. Taylor Hoffman Wealth Management acquired a new position in Honeywell in the fourth quarter valued at about $113,000. Mascoma Wealth Management LLC lifted its stake in Honeywell by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock valued at $114,000 after buying an additional 428 shares during the period. Finally, Invictus RG acquired a new position in Honeywell in the third quarter valued at about $117,000. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HON stock traded down $0.35 during trading hours on Thursday, hitting $146.12. 1,588,588 shares of the company’s stock were exchanged, compared to its average volume of 2,763,258. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38. The stock has a market capitalization of $110,145.73, a PE ratio of 20.55, a PEG ratio of 2.01 and a beta of 0.97. Honeywell has a 52 week low of $122.40 and a 52 week high of $165.13.

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Honeywell Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Earnings History and Estimates for Honeywell (NYSE:HON)