Honeywell Reports Upside in Q4 Earnings; Beats Estimates (HON)

Honeywell Reports Upside in Q4 Earnings; Beats Estimates (HON)


Diversified manufacturing and technology company, Honeywell International Inc.(HON) reported increased profits on Friday, but missed analysts estimates on Friday.

The Morristown, NJ based company reported fourth quarter earnings of $251 million, or 32 cents per share, compared to last years loss of -$310 million, or 40 cents per share. Excluding special items, earnings for the quarter were $1.10 per share, beating analysts estimate of $1.09.

Revenue came in at $9.58 billion, up from $9.47 billion last year, beating analysts estimate of $9.51 billion.

Including in the company’s quarterly revenue was a 2% increase in product sales, which came in at $7.63 billion. Performance materials and technologies also saw an upside in sales during the quarter, increasing by 8%.

On the contrary, Transportation systems and Aerospace sales both declined during the quarter.

For the FY2012, HON reported earnings of $2.93 billion, or $3.69 per share, up from $2.07 billion, or $2.61 in 2011. Excluding special items, earnings came in at $4.48 per share, up from $4.05 in 2011. Revenue increased by 3% for the year to $37.67 billion.

Looking ahead, the company expects to see FY2013 earnings in the range of $4.75 to $4.95 per share with revenue in the range of $39 billion to $39.5 billion. Analysts are expecting HON to see earnings of $4.92 per share with $39.34 billion in revenue.

Honeywell shares were mostly flat during premarket trading Friday. The stock has increased 19% in the past year.

The Bottom Line
Shares of Honeywell (HON) have a 2.40% dividend yield, based on last night’s closing stock price of $68.24. The stock has technical support in the $64-$66 price area. The shares are trading near all-time highs.

Honeywell International Inc.(HON) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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