Honeywell (HON) Set for Double-Digit EPS Growth

October 22, 2012 10:35 AM EDT
Get Alerts HON Hot Sheet
Price: $117.82 -0.08%

Rating Summary:
    15 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade HON Now!
Join SI Premium – FREE
Last week Honeywell (NYSE: HON) reported Q3 EPS of that was 6 cents above consensus despite top-line revenue that was shy of estimates. Going forward, Honeywell management has plans for improvements that analysts at Nomura think could drive double-digit EPS growth.

"Management will provide a detailed look at 2013 on their December outlook call. So far it sounds like Honeywell is planning for margin expansion on low-single-digit growth. Management expects to realize $150M of incremental restructuring saving in 2013 and for the Thomas Russell acquisition to be accretive," said analyst Shannon O'Callaghan.

"We think that all nets to a framework that has the potential for double-digit EPS growth," added O'Callaghan.

Nomura Securities has a Buy rating on Honeywell International (NYSE: HON) with a revised price target of $71.00 (from $72.00).

For an analyst ratings summary and ratings history on Honeywell International click here. For more ratings news on Honeywell International click here.

Shares of Honeywell International closed at $62.49 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities


Add Your Comment