With negative returns of 0.1% until March 31, 2016, Honeywell (HON) stock was only marginally better than its peers and the Market.
Gregory Hayes, CEO of United Technologies, commenting on a possible merger with Honeywell, said he was open to doing a large deal if regulatory hurdles were manageable.
Honeywell Automation and Control Solutions made $14.1 billion in sales in 2015. The company expects sales to rise $15.3 billion–15.8 billion in 2016 with a core organic growth of 1%–2%.
Honeywell Aerospace (HON) made $15.2 billion in revenues in 2015. The company expects sales to rise between $15.3 billion and $15.6 billion in 2016, a growth of 1%–2%.
In the last eight quarters, Honeywell (HON) has managed to beat earnings estimates seven times and revenue estimates five times.
Looking at Honeywell’s outlook for 2016, it projects sales to rise 3%–6% to $39.9 billion–$40.9 billion, driven by an organic growth of 1%–2%.
Analysts expect Honeywell’s (HON) adjusted EPS to rise 6.3% on a quarter-over-quarter basis to $1.50. They expect revenues to grow for the first time in five quarters.
Honeywell (HON) is slated to release its 1Q16 earnings on April 22, 2016. It will contain key financial and operating metrics from January 1 through March 31, 2016.
Of the 13 analysts surveyed by Bloomberg, three gave Lincoln Electric a “buy” rating while ten gave a “hold” rating. There weren’t any “sell” ratings.
Despite a 17% decline in revenue and a 29% decline in adjusted profits compared to 2014, Lincoln Electric gave back $486 million to its shareholders.
Lincoln Electric’s 4Q15 revenue came in at $567.9 million—compared to analysts’ estimate of $577.7 million. Its macro industrials segment underperformed.
Lincoln Electric announced its 4Q15 results on February 23, 2016, before the market opened. Its stock fell by nearly 4.6% from the open price of $57.43.
Wall Street analysts don’t have a very positive view on Joy Global. Of 23 analysts surveyed by Bloomberg, eight gave a “buy” rating and 11 gave a “hold” rating.
Joy Global’s (JOY) stock has been on a downward trend since January 2015. The stock started falling at the beginning of 2015.
Joy Global expects global growth to improve modestly in calendar 2016. However, commodity prices aren’t expected to see any material improvement.
Joy Global (JOY) will release its 1Q16 earnings on March 3, 2016. The estimate for its 1Q16 revenue is ~$524 million. In 4Q15, the revenue was ~$865 million.