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

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

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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 Dividend.com 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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