December 15th, 2015

Market Update (NYSE:HON): Honeywell To Release Second Quarter Financial Results And Hold Its Investor Conference Call On Friday, July 22

[PR Newswire] – MORRIS PLAINS, N.J., June 20, 2016 /PRNewswire/ — Honeywell ( NYSE: HON ) will issue its second quarter financial results before the opening of The New York Stock Exchange on Friday, July 22. The company … Read more on this. Honeywell International Inc. (HON) , with a current value of $89.34B, began trading this morning at $117.30. A quick look at the market, the company’s stock traded between $116.63 and $118.53 with its 52-week range being $87.00 to $118.53. Priced at 17.41x this year’s forecasted earnings, HON shares are relatively expensive compared to the industry’s 13.71x forward p/e ratio. The company pays shareholders $2.38 per share annually in dividends, yielding 2.05%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.64 per share, which would be $0.13 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.66, which would be a $0.56 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.13 Billion. If realized, that would be a 3.58% increase over the year-ago quarter. In terms of ratings, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. When considering if the stock is under or overvalued, the average price target is $125.28, which is 6.80% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Present At Bank Of America Merrill Lynch Global Industrials & EU Autos Conference Company Update: Honeywell International Inc (NYSE:HON) – Honeywell Hosts Annual Investor Conference; Reaffirms First Quarter And Full-Year 2016 Outlook; Targets 2017 Core Organic Sales Up 4-5% Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell to Present at Cowen and Company Aerospace/Defense Conference & Transport One-on-One Forum
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