United Technologies Maintains FY2013 Outlook (UTX)
Technology company, United Technologies Corporation (UTX) reaffirmed its FY2013 earnings estimates on Thursday.
The company has reiterated its current earnings estimates for FY2013 of $5.85 to $6.15 per share. Revenue is expected to be between $64 billion to $65 billion. UTX is also expecting cash flow from operations less capital expenditures will be equal or more than earnings attributable to shareholders.
Louis Chenevert, Chairman and CEO commented, “we are focused on integration of the transformed portfolio and execution of our growth strategy. UTC is well positioned to take advantage of improvement in key end markets and deliver consistent earnings growth well into the future.”
United Technologies shares were mostly flat during Thursday afternoon trading. The stock has increased 7% in the past year.
The Bottom Line
Shares of United Technologies Corporation (UTX) have a 2.29% yield, based on Thursday afternoon’s price of $93.40.
United Technologies Corporation (UTX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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