Honeywell International (HON) Releases Quarterly Earnings Results
Honeywell International (HON) issued its quarterly earnings data on Friday. The company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.05. The company’s quarterly revenue was up 7.3% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Honeywell International in a research note to investors on Monday. 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.
Honeywell International (HON) opened at 60.47 on Friday. Honeywell International (HON) has a 52-week low of $41.22 and a 52-week high of $62.01. The company has a market cap of $47.117 billion and a price-to-earnings ratio of 21.85.
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. Honeywell operates four business segments: Aerospace, Automation and Control Solutions, Performance Materials and Technologies, and Transportation Systems. In July 2011, it sold its Consumer Products Group business (CPG) to Rank Group Limited. In December 2011, it acquired King’s Safetywear Limited (KSW), a provider of branded safety footwear. In August 2011, it acquired EMS Technologies, Inc. (EMS), a provider of connectivity solutions for mobile networking, rugged mobile computers and satellite communications.