Honeywell International (HON) Releases Quarterly Earnings Results

Honeywell International (HON) posted its quarterly earnings results on Friday. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.05. Honeywell International’s revenue was up 7.3% compared to the same quarter last year.

A number of research firms have also recently commented on HON. 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 the ratings front, 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.

Shares of Honeywell International (HON) traded down 1.37% during mid-day trading on Thursday, hitting $56.83. Honeywell International (HON) has a 52 week low of $41.22 and a 52 week high of $62.00. The company has a market cap of $44.281 billion and a P/E ratio of 20.82.

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 24 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.