Honeywell International (NASDAQ:HON) Releases Q4 2024 Earnings Guidance

Honeywell International (NASDAQ:HON) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.260-2.360 for the period, compared to the consensus estimate of 2.780. The company issued revenue guidance of $9.8 billion-$10.0 billion, compared to the consensus revenue estimate of $10.2 billion. Honeywell International also updated its FY 2024 guidance to 9.680-9.780 EPS.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HON shares. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday. UBS Group restated a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $248.77.

Honeywell International Price Performance

Shares of HON opened at $227.69 on Friday. 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 cap 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 has a 52 week low of $189.66 and a 52 week high of $242.77. The stock has a 50 day moving average of $220.58 and a 200-day moving average of $211.47.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were paid a dividend of $1.13 per share. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International’s dividend payout ratio is 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.