Market Update (NYSE:HON): Honeywell Reports First Quarter 2016 Sales Of $9.5 Billion; Earnings Up 9% To $1.53 Per Share

[PR Newswire] – MORRIS PLAINS, N.J., April 22, 2016 /PRNewswire/ — Honeywell ( NYSE: HON ) today announced its results for the first quarter of 2016: Total Honeywell ( $ Millions, Except Earnings Per Share) 1Q 2015 1Q … Read more on this. Honeywell International Inc. (HON) , valued at $86.17B, opened this morning at $114.00. Shares have traded today between $112.34 and $115.59 per share with a one year range of $87.00 to $116.56. HON shares are currently priced at 17.43x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.13x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.38 per share annually in dividends, yielding 2.06%. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $1.50 per share, which would be $0.09 better than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $6.61 is a $0.51 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.37 Billion. If reported, that would be a 1.74% increase over the year-ago quarter. More recently, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. Investors should keep in mind is that the average price target is $120.85, which is 6.01% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: 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 (NYSE:HON): Honeywell Reports Full-Year 2015 Sales Of $38.6 Billion; Earnings Up 10% To $6.10 Market Update: Honeywell International Inc (NYSE:HON) – Get To Know Your Home And Health Better With The Honeywell Family Of Connected Products At CES 2016
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.