Honeywell Stock Is Consolidating after Its 2Q17 Earnings
In the last earnings report, Honeywell expected its EPS to be $7.0–7.10 for fiscal 2017—compared to the earlier guidance of $6.90–$7.10.
As of September 6, 2017, Honeywell’s one-year forward PE multiple stands at 18.20x. General Electric (GE) has one-year forward PE multiple of 15.10x.
For Honeywell, 79% of the analysts recommended a “buy,” 21% recommended a “hold,” and none of the analysts recommended a “sell” as of September 6.
Assuming that Honeywell will pay the existing dividend rate for the rest of fiscal 2017, its current dividend yield stands at 2% as of September 5, 2017.
On September 8, 2017, Honeywell (HON) will pay the third dividend to its shareholders for fiscal 2017. It announced a dividend of $0.67 per share.
As of August 15, 2017, Honeywell’s one-year forward PE multiple stood at 18.30x—compared to United Technologies’ one-year forward PE multiple of 17.0x.
Among the 19 analysts, 79% of the analysts recommended a “buy” on Honeywell, 21% recommended a “hold,” and none recommended a “sell.”
So far, Honeywell’s investors must be satisfied with the kind of returns that it has generated in 2017. Honeywell continued its staggering performance.
Honeywell bagged two new airline clients with its GoDirect software. Brussels Airlines and Air Serbia will use Honeywell’s connected aircraft software.
Honeywell’s (HON) Safety and Productivity Solutions segment is the smallest revenue contributor, accounting for 14.2% of HON’s total revenue.
Honeywell’s (HON) Performance Materials and Technologies (or PMT) segment accounted for 22.2% of HON’s total revenue in 2Q17.
Honeywell’s (HON) Home and Building Technologies segment is the company’s second-largest revenue generator, accounting for 27.1% of 2Q17 revenue.
Honeywell’s (HON) Aerospace segment continued to be the highest revenue contributor in 2Q17, accounting for 36.5% of overall revenue.
Honeywell International (HON) reported revenue of $10.08 billion in 2Q17, a rise of 0.90% on a year-over-year basis.
Of the 21 analysts tracking Honeywell (HON) stock, 84% of the analysts recommended a “buy,” 14% of the analysts recommended a “hold,” and none of the analysts recommended a “sell.”
HON reported 2% organic growth revenue growth in 1Q17 and expects the trend to continue.
On July 13, 2017, analysts expected Honeywell (HON) to post earnings per share of $1.78 in 2Q17, implying an increase of 7.2% on a year-over-year basis.
Honeywell signed an agreement with VietJet Air to supply 98 auxiliary power units to its fleet of 135 Airbus A320s. The deal was valued at $100 million, which includes maintenance services for 12 years.
Among them, 81% of analysts recommended the stock as a “buy,” 19% of analysts recommended the stock as a “hold,” and no analysts recommended the stock as a “sell.”
On May 18, 2017, Honeywell International’s (HON) stock price closed at $130.42. Given its current dividend rate, Honeywell’s dividend yield stands at 2.0%.