Honeywell International (HON) Announces Quarterly Earnings, Beats Expectations By $0.05 EPS

Honeywell International (HON) announced its earnings results on Friday. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The company’s revenue for the quarter was up 7.3% on a year-over-year basis.

A number of analysts have recently weighed in on HON shares. Analysts at Zacks reiterated an “outperform” rating on shares of Honeywell International in a research note to investors on Monday, April 30th. They now have a $73.00 price target on the stock. On a related note, analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of Honeywell International to $68.00 in a research note to investors on Monday, April 23rd. They now have an “outperform” rating on the stock. Finally, analysts at TheStreet upgraded shares of Honeywell International to a “buy” rating in a research note to investors on Monday, April 23rd.

Shares of Honeywell International (HON) traded down 1.68% during mid-day trading on Wednesday, hitting $58.37. Honeywell International (HON) has a one year low of $41.22 and a one year high of $62.00. The company has a market cap of $45.481 billion and a P/E ratio of 21.45.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.

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Posted by Web Inquirer Staff on 9 May 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.