Honeywell International Beats on Both Top and Bottom Lines
Honeywell International (NYS: HON) reported earnings on April 20. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Honeywell International beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins expanded across the board.
Honeywell International notched revenue of $9.31 billion. The 19 analysts polled by S&P Capital IQ expected to see a top line of $9.15 billion on the same basis. GAAP reported sales were 7.3% higher than the prior-year quarter's $8.67 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.04. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.99 per share. GAAP EPS of $1.04 for Q1 were 18% higher than the prior-year quarter's $0.88 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.1%, 20 basis points better than the prior-year quarter. Operating margin was 12.9%, 120 basis points better than the prior-year quarter. Net margin was 8.8%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $9.55 billion. On the bottom line, the average EPS estimate is $1.08.
Next year's average estimate for revenue is $38.53 billion. The average EPS estimate is $4.45.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,212 members out of 1,287 rating the stock outperform, and 75 members rating it underperform. Among 339 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 331 give Honeywell International a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Honeywell International is outperform, with an average price target of $66.75.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Honeywell International. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Honeywell International to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.