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

Honeywell International (NASDAQ:HON - Get Free Report) 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.

Honeywell International Stock Up 0.2 %

Shares of HON traded up $0.40 during midday trading on Friday, hitting $228.09. The company had a trading volume of 713,595 shares, compared to its average volume of 3,132,919. The stock has a market cap of $148.32 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.85 and a beta of 1.05. The company's 50 day moving average price is $220.58 and its 200 day moving average price is $211.47. 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 has a 52 week low of $189.66 and a 52 week high of $242.77.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Honeywell International's previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Friday, November 15th. Honeywell International's dividend payout ratio is 52.19%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Honeywell International from $244.00 to $268.00 and gave the stock a "buy" rating in a report on Monday. The Goldman Sachs Group upped 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 Global Res raised Honeywell International to a "strong-buy" rating in a research note on Wednesday. StockNews.com cut shares of Honeywell International from a "buy" rating to a "hold" rating in a report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $235.00 to $233.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $248.77.

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.