|Bid||0.00 x 800|
|Ask||153.47 x 900|
|Day's range||152.40 - 157.74|
|52-week range||137.99 - 167.72|
|Beta (3Y Monthly)||1.08|
|PE ratio (TTM)||71.45|
|Earnings date||18 Oct 2018 - 22 Oct 2018|
|Forward dividend & yield||3.28 (2.08%)|
|1y target est||178.05|
Honeywell (HON) announced its third-quarter earnings today before the market opened. It reported adjusted EPS of $2.03, an increase of 16.7% year-over-year, and beat Wall Street analysts’ expectation of $1.99.
Wall Street expects 3M (MMM) to post adjusted EPS of $2.70 in the third quarter, an increase of ~15.9% compared to the third quarter of 2017. In the third quarter of 2017, 3M reported adjusted EPS of $2.33. Further, 3M has downgraded the top end of its adjusted EPS guidance twice.
Honeywell International is one of the largest industrial companies in the world, so its results are a great place to look for data points applicable to other businesses.
Honeywell (HON) reports stellar third-quarter 2018 results. However, it lowers full-year earnings view on account of separation of Garrett and Resideo.
Earnings expectations were high, but the industrial conglomerate still managed to impress on Friday. Third-quarter earnings per share bested analysts' estimates, as did a stellar 7 percent increase in sales excluding the impact of currency swings and M&A. Honeywell usually has to share an earnings day with General Electric Co., which has tended to suck up all the oxygen, especially lately. Honeywell's center-stage showcase went smoother than earnings reports at some other industrial companies: distributors Fastenal Co. and W.W. Grainger Inc. plunged earlier this month after reporting third-quarter gross margin disappointments and some slight cracks in sales momentum, fueling fears of an earnings peak.
Its energy business is thriving on higher oil prices and the aerospace unit is getting a lift from a private-jet rebound. Key InsightsDarius Adamczyk delivered again on one of his main promises after taking over as CEO last year: to rev up sales. The steadily improving outlook had been seen as proof that the company’s key markets – aerospace, energy and warehouse automation – were doing well.
In the previous article, we saw analysts’ recommendations for Honeywell (HON). The latest report on September 28 suggests that Honeywell’s short interest remained under 1% of the outstanding shares. As per the latest report, HON’s short interest is at 0.78% of the outstanding shares, a decline of 12 basis points sequentially.
Currently, 24 analysts are tracking Honeywell (HON), which is more than during the second quarter. The latest analyst consensus target price on Honeywell is ~$178.0, which implies a potential return of 11.6% over the closing price of $159.56. In the past three months, analysts have moved the target price from $173.65 to the current target price, which indicates analysts are bullish on the stock.
Wall Street expects Honeywell (HON) to post adjusted EPS of $1.99 in Q3 2018, which implies an increase of 13.7% year-over-year. In Q3 2017, HON reported adjusted EPS of $1.75. HON has beaten Wall Street expectations in six quarters since 2017, and it appears that it is all set to beat expectations again.
Wall Street expects Honeywell (HON) to report revenue of $10.75 billion in Q3 2018, representing a 6.2% increase over Q3 2017 when it reported revenue of $10.12 billion. If it manages to meet expectations, it will achieve its highest third-quarter revenue ever, which would imply a CAGR (compound annual growth rate) of 2.2% for the third quarter since 2013. The continued demand for the solstice products is considered to be the major revenue driving factor in Honeywell’s third quarter.
Honeywell (HON) is set to announce its third-quarter 2018 earnings on October 19, 2018, before the market opens. It plans to hold a conference call at 8:30 AM EST that day. In this series, we’ll look at Honeywell stock’s performance since its second-quarter earnings, analysts’ revenue and EPS estimates, recommendations, and short interest trends.
Strength in commercial aviation and solid demand in Honeywell's (HON) commercial fire and connected building technologies are expected to drive its revenues.
Honeywell (HON) is likely to beat Q3 earnings estimate on the back of strong end-market sales, volume leverage, ongoing investments and lower taxes.
Honeywell (HON) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Ohio-based Exotica Fresheners Co. doesn’t sell much in China, but Danny Elassir, the company’s export director, says the Canton Fair is still one of its most important opportunities for picking up new customers, since buyers attend from all over the world.
On October 9, Honeywell (HON) said in a press release that it would be using its technology to modernize one of Europe’s oldest paper mills, Sappi Austria Produktions-GmbH & Co. KG, located in Gratkorn, Austria. Honeywell upgraded one of the mill’s paper machines to its Experion PMD automation system in 2015. As part of the modernization, Honeywell plans to implement several server virtualization, process visualization, and cybersecurity solutions.
Honeywell (HON) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Honeywell (HON) is poised to grow on the back of stellar sales, new investments, greater operational efficacy and stronger liquidity. However, escalating cost remains a drag.