United Tech (UTX) Offers No Frills Guidance; Outlook Appears Well Balanced - RBC
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RBC Capital Adjusts Estimates Following United Technologies (UTX) 2016 Outlook - PT to $102
December 15, 2015 7:02 AM ESTRBC Capital reiterated a Sector Perform rating on United Technologies (NYSE: UTX), and raised the price target to $102.00 (from $100.00), following the company's 2016 outlook meeting. RBC adjusted EPS estimates following the issuance of UTX's 2016 guidance last week. The major change is a move to 'adjusted' EPS,... More
Wall St. drops as oil's multi-year low adds to investor fears
December 11, 2015 7:21 AM ESTBy Marcus E. Howard
(Reuters) - U.S. stocks closed sharply lower on Friday, with the S&P 500 ending its worst week since August, as plunging crude oil prices compounded investor nervousness on expectations for the first U.S. interest rate hike in nearly a decade.
Oil dragged down market as a whole, as investors worried whether a weakness in commodities signaled a broader slowdown.
Furthermore, investors were worried about declines in China's yuan and in high-yield debt markets.
"Positioning has been clearly along the lines of taking risk exposure off," said Michael James,... More
United Technologies unveils $1.5 billion restructuring plan to cut costs
December 10, 2015 7:21 PM ESTBy Alwyn Scott and Amrutha Penumudi
(Reuters) - United Technologies Corp (NYSE: UTX) forecast a slight profit rise next year and announced a $1.5 billion restructuring plan to reduce costs, sending its shares up in extended trading.
The U.S. aerospace and building systems conglomerate said 2016 adjusted earnings will be $6.30 to $6.60 per share on revenue of $56 billion to $58 billion. Most of the EPS gain will come from share buybacks, it noted.
The company also expects 2015 adjusted earnings of $6.20-$6.30 per share, raising the lower end of the previous estimate by 5 cents.
... MoreUnited Technologies (UTX) Guides FY16 Flat with Expectations
December 10, 2015 4:31 PM ESTIn a meeting with investors and analysts today, United Technologies Corp. (NYSE: UTX) President and Chief Executive Officer Gregory Hayes will communicate the company's expectation for 2015 adjusted earnings per share (Adjusted EPS*) of $6.20 to $6.30, raising the lower end of the previous range by $0.05. In the current quarter, the company expects to record a $3.3 billion after-tax gain on the Sikorsky divestiture.
UTC anticipates 2016 adjusted earnings per share of $6.30 to... More
