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

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

Analyst Ratings Changes

Several analysts have recently issued reports on HON shares. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research note on Wednesday. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. The Goldman Sachs Group increased their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research note on Tuesday, December 3rd. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $248.77.

Honeywell International Stock Performance

Shares of HON opened at $227.69 on Friday. The company has a 50-day simple moving average of $220.08 and a 200-day simple moving average of $211.36. The company has a market capitalization of $148.05 billion, a PE ratio of 26.29, a P/E/G ratio of 2.82 and a beta of 1.05. Honeywell International has a 52-week low of $189.66 and a 52-week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

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 paid a dividend of $1.13 per share. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is currently 52.19%.

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.