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

Honeywell International (NASDAQ:HON) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 9.680-9.780 for the period, compared to the consensus earnings per share 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.

Honeywell International Trading Down 0.0 %

NASDAQ HON opened at $227.62 on Friday. Honeywell International has a 12 month low of $189.66 and a 12 month high of $242.77. The stock has a market capitalization of $148.01 billion, a P/E ratio of 26.28, a PEG ratio of 2.85 and a beta of 1.05. The firm’s 50-day moving average is $221.06 and its two-hundred day moving average is $211.66. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. Honeywell International’s dividend payout ratio (DPR) is 52.19%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HON. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Citigroup boosted their price target on shares of Honeywell International from $244.00 to $268.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday. The Goldman Sachs Group upped their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus target price of $248.77.

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.