What to Expect From Honeywell Earnings

Industrials

Published: July 16, 2015 2:10 pm

Honeywell International Inc. (NYSE: HON) is scheduled to report its second-quarter financial results on Friday before the markets open. The consensus estimates from Thomson Reuters call for $1.49 in earnings per share (EPS) on $9.74 billion in revenue. The same period from the previous year had $1.38 in EPS on $10.25 billion in revenue.

In its most recent earnings report, the company revised its full-year guidance. Sales were projected in a range of $39.0 billion to $39.6 billion, down from the prior range of $40.5 billion to $41.1 billion. Adjusted EPS was forecast to rise by 8% to 11% to a new range of $6.00 to $6.15, raising the lower end of the prior range from $5.95 while maintaining the top end of the range. Honeywell also raised guidance on its operating income margin from a prior range of 16.7% to 17.0% to a new range of 17.4% to 17.7%.

The stock continues to be a solid performer, growing its EPS along with raising its net income, even though sales are lighter. The increased guidance for profit margin was attributed to productivity gains net of inflation and higher volumes among other items.

Honeywell is the epitome of a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials.

In the second quarter, Intel and Honeywell are partnering to integrate a platform that will help protect businesses from being the targets of cyberattacks. Both companies announced that they will collaborate to bolster protection of critical industrial infrastructure and the Industrial Internet of Things. Basically, Intel’s McAfee technologies will be integrated with Honeywell’s Industrial Cyber Security Solutions. The end goal is to provide Honeywell customers with enhanced security software to protect their control systems from malware and misuse.

Shares of Honeywell were down 0.3% at $103.52 Thursday afternoon. The stock has a consensus analyst price target of $114.55 and a 52-week trading range of $82.89 to $107.10.

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