Honeywell International Inc. (NYSE:HON) is reporting third quarter financial results on Friday 30th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, HON is expected to report 3Q20 income of $ 1.49 per share from revenue of $ 7654.63 million.
For the full year, analysts anticipate top line of $ 32056.70 million, while looking forward to income of $ 6.87 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 36,700.00 million ~ $ 37,800.00 million, where as bottomline are predicted in a range of $ 8.60 ~ $ 9.00 per share
Click Here For More Historical Outlooks Of Honeywell International Inc.
Previous Quarter Performance
Honeywell International Inc. outlined income for the second quarter of $ 1.53 per share, from the revenue of $ 7,477.00 million, On adjusted basis, HON reported income for the quarter of $ 1.26 per share. The quarterly earnings declined 27.14 percent while revenues shrunk 19.11 percent compared with the same quarter last year. Street analysts expected Honeywell International Inc. to report income of $ 1.21 per share on revenue of $ 7289.02 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 4.13 percent, at the same time, top line results outshined analysts by $ 187.98 million or 2.58 percent.
Stock Performance
Shares of Honeywell International Inc. traded up $ 3.44 or 2.13 percent on Thursday, reaching $ 164.60 with volume of 3.00 million shares. Honeywell International Inc. has traded high as $ 165.74 and has cracked $ 159.42 on the downward trend
According to the previous trading day, closing price of $ 164.60, representing a 59.44 % increase from the 52 week low of $ 101.08 and a 12.44 % decrease over the 52 week high of $ 184.06.
The company has a market capital of $ 115.51 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 172.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.90 per share on July 31, 2020. The dividend were payable on September 4, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles.
