Honeywell International Inc. [HON]: What to Expect when It Reports Earnings

Earnings from Honeywell International Inc. [HON] are scheduled on April 23, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.

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HON Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $1.8 per share on revenue of $8.09B. Taking a look at the future, the company is projected to report revenue of $8.28B at an earnings per share of $1.86 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 7.20% in revenue and 13.35% in earnings per share for the company.

HON Stock Earnings Forecast For The Current Year

For the full financial year, Honeywell International Inc. [NYSE:HON] is forecasted to generate revenue of $34.33B. The figure is about $1.69 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $7.9 in 2021, which is $0.8 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 11.30% this year, 13.40% next year, and 11.98% annually over the next five years. With regard to sales, forecasts suggest an incline of 5.20% in current fiscal year and 7.20% over following year.

HON Stock Price Performance

At the close of Thursday’s session, Honeywell International Inc. [NYSE:HON] finished down -0.54% at $229.26. The stock’s highest single-day price was $232.03, and its lowest was $228.80. Its price fall -0.25% in the last five days. Since the beginning of the year, Honeywell International Inc.’s shares are up nearly 7.79%. However, the share price is -1.33% below its one year high. The top price reached by the shares of the company was $232.35 on 04/16/21, while the 52-week low came on 01/29/21, when the shares were $194.55. In the past year, shares of the company have risen 72.34%. At 50 days, the moving average achieved is $214.15 while at 200 days, the moving average is $189.35. There were 2.51 million shares traded in the last session, up from 1.72 million in the previous session.

Honeywell International Inc. [NYSE:HON] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 34.15, Honeywell International Inc. [HON] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 27.55 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 4.83 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.57 for the industry, which means HON offers an unattractive investment opportunity than its competitors do.

HON Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 229.26 level, and the violation of this level will cause a further drop to 228.03 level. At the upper end, 234.49 remains a key resistance. As the stock increases, it may find resistance at 233.26. In the 14-day chart, the Relative Strength Index standing at 64.42 suggests a technical neutral stance while the MACD standing at 2.54 indicates price will increase in the next trading period. Stochastic %K at 79.86% suggests holding the stock while Percent R indicator at 19.67% suggests bullish price movement.

How much is the short interest in Honeywell International Inc.?

There have been a drop in short interest in the Honeywell International Inc. Financial stock, with short interest up by 0.57 million shares to 6.3 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 6.87 million shares. This -9.05% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 0.99% of the overall float in the stock, while the stock’s days to cover moved to 2.22.

How do analysts view Honeywell International Inc.?

In regard to the share price forecast for Honeywell International Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $230.00 in the next twelve months, representing almost an 0.32% growth from its recent price of $229.26. Among Honeywell International Inc. stock projections, $262.00 is the highest analyst target for the stock, while $190.00 is the lowest. Despite this, 25 analysts who share their consensus rating for HON in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/09/21, when JP Morgan Ratings launched coverage of the stock at “Overweight” and assigned a price target of $250.0.


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