How Do Honeywell’s Latest Valuations Compare to Peers?
At present, Honeywell stock is trading at a premium compared to peer United Technologies after HON declared strong 4Q16 and full-year earnings on January 27, 2017.
As of February 21, 2017, 22 brokerage firms were tracking the Honeywell (HON) stock actively. 82% of these analysts recommended the stock as a “buy.”
On February 21, 2017, Honeywell (HON) stock closed at $124.71.
On February 9, 2017, Honeywell (HON) announced a dividend of $0.67 per share for 1Q17 on the company’s outstanding common stock.
Honeywell (HON) stock has been on the rise since the beginning of 2017. On a year-to-date (or YTD) basis, HON has risen 7.9%.
As of January 20, 2017, HON traded at a one-year forward PE multiple of 16.70x.
As of January 20, 2017, 22 brokerage firms were actively tracking Honeywell (HON) stock.
As of January 20, 2017, Wall Street analysts expect Honeywell (HON) to post adjusted EPS (earnings per share) of $1.74 in 4Q16.
Honeywell (HON) is announcing its 4Q16 earnings on January 27, 2017.
Honeywell (HON) is set to announce its 4Q16 earnings on January 27, 2017, before the market opens.
As of November 19, the respective PE ratios of Esterline Technologies, Ametek, Heico, Woodward, and Triumph were 18.8x, 22.4x, 27.2x, 17.5x, and 11.9x.
Esterline Technologies has a market cap of $2.4 billion. Its year-to-date price movement has been falling quarter-over-quarter until its 4Q15 earnings report.
Let’s compare Elbit Systems to peers. The PE ratios of Elbit, Northrop Grumman, Rockwell Collins, and Harris are 21.5x, 17.4x, 17.0x, and 24.6x, respectively.
Elbit has a market cap of $3.7 billion. After it released its 3Q15 earnings report, it rose by 2.0% to close at $85.07 per share as of November 12.
The PE (price-to-earnings) ratios of CAE, Lockheed Martin Corporation (LMT), and Embraer (ERJ) are 19.4x, 19.1x, and 36.4x, respectively.
CAE has a market capitalization of $3.0 billion. After its 2Q16 earnings report, CAE fell by 2.9% to close at $11.07 per share as of November 11, 2015.
Esterline Technologies (ESL) has an EPS (earnings per share) of $4.50, which is quite a high number compared to its competitors.
Esterline Technologies (ESL) is a specialized manufacturing company worth $2.37 billion, primarily serving the aerospace and defense markets.
Erickson expects to enter 2014 poised for accelerated growth, more comprehensive contracts, and a wider portfolio of customers.