Honeywell International (HON) Announces Quarterly Earnings Results, 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.

HON has been the subject of a number of recent research reports. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Honeywell International in a research note to investors on Thursday, May 17th. On a related note, 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. Finally, 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.

Honeywell International (HON) traded down 3.09% on Friday, hitting $53.94. Honeywell International (HON) has a 1-year low of $41.22 and a 1-year high of $62.00. The company has a market cap of $42.029 billion and a price-to-earnings ratio of 20.11.

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 3 Jun 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.