Why Honeywell Stock Is Under Pressure Today
Honeywell International (NASDAQ: HON) delivered a solid quarter, but the company's guidance suggests investors might have to wait for growth. Shares of the industrial conglomerate traded down as much as 3% post-earnings, and were down slightly as of 1 p.m. ET on Thursday.
Honeywell, a manufacturer of industrial, aerospace, and automation products, earned $2.25 per share in the first quarter on revenue of $9.11 billion. That's ahead of Wall Street's expectations for $2.17 per share in earnings on sales of $9.03 billion.
Operating margin improved by 130 basis points year over year to 20.4% thanks to strength in commercial aviation, defense, and space. Honeywell's backlog of future business grew by 6% to $32 billion.
Source Fool.com
Honeywell International Stock
€189.46
-0.360%
Currently there is a rather positive sentiment for Honeywell International with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 214 € shows a slightly positive potential of 12.95% compared to the current price of 189.46 € for Honeywell International.
