- Honeywell raised its full-year adjusted EPS forecast to $10.15 – $10.45, previously $9.80 – $10.10.
- Full-year sales projection increased to $38.5 billion – $39.3 billion, from $38.1 billion – $38.9 billion.
- Free cash flow for the full year remains expected to be $5.6 billion to $6.0 billion.
- For the second quarter, Honeywell projects adjusted EPS to be $2.35 – $2.45.
- Second quarter sales are expected to be $9.3 billion to $9.6 billion.
- Full-year operating cash flow forecasted between $6.7 billion and $7.1 billion.
- Second-quarter segment margin is expected to be 22.7% to 23.1%, showing a slight decrease or remaining flat compared to the previous year.
- Starting from the second quarter, Honeywell will exclude acquisition-related amortization and costs from segment profit and adjusted EPS calculations.
- Carrier anticipated to resume share repurchases in 2024.
- Market analysts’ ratings: 15 buys, 9 holds, 1 sell.
Honeywell International on Smartkarma
Analysts on Smartkarma, such as Baptista Research, have been closely covering Honeywell International, a company showing consistent growth and exceeding earnings targets. In their report “Honeywell International: Will Their Improved Performance In Energy and Sustainability Solutions (ESS) Expected To Propel Their Growth? – Major Drivers,” they highlight the company’s success in key business areas despite a challenging macroeconomic environment. Honeywell’s robust execution of the Accelerator operating system and diversified technology portfolio have driven significant performance gains, with positive momentum seen in financial results.
In another report by Baptista Research titled “Honeywell International – Heavy Investment in Aerospace & Other Futuristic Strategies Propelling Them Forward! – Major Drivers,” the analysts discuss Honeywell’s fourth quarter 2023 earnings and its successful delivery on 2023 commitments. With investments in aerospace and other innovative strategies, coupled with the leadership changes appointing Vimal Kapur as the new Chairman, Honeywell continues on a trajectory of growth and success in the market.
A look at Honeywell International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Honeywell International has a positive long-term outlook. It scores high in Growth and Momentum, indicating strong potential for expanding its business and maintaining its current trajectory. With a moderate score in Dividend, Honeywell International also offers a decent dividend yield to its investors. However, its scores in Value and Resilience are lower, suggesting some room for improvement in terms of undervaluation and durability against economic fluctuations. Overall, Honeywell International‘s diversified portfolio and focus on technological advancements position it well for future growth.
Honeywell International Inc. is a global company known for its diverse range of technology and manufacturing offerings. Specializing in aerospace products, control technologies, automotive components, and specialty chemicals, Honeywell caters to a wide array of industries. Their portfolio also includes energy-efficient solutions and materials for various sectors such as refining and petrochemicals. With a strong emphasis on innovation and providing top-notch services, Honeywell International is poised to continue its success in the competitive market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
