Diversified technology company
Honeywell International Inc.
) recently reiterated its outlook for the first quarter and full
year 2013 despite the continued macroeconomic headwinds, driven
by strong organic and inorganic growth expectations. This led to
a spurt in share prices as the stock climbed by 73 cents from the
prior-day close to a high of $71.41 on Mar 6.
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For the first quarter, Honeywell expects earnings in the range of
$1.10 to $1.15 per share with a revenue growth in the low single
digits. For full year 2013, the company anticipates total revenue
of $39.0 billion to $39.5 billion, while earnings are expected to
be in the range of $4.75 to $4.95 per share. The current Zacks
Consensus Estimates for the first quarter and full year are
pegged at $1.13 and $4.92, respectively.
Management opined that Honeywell is well poised to sustain its
growth momentum with a solid business model that focuses on
funding plant investments, disciplined acquisitions, expansion in
high-growth regions, and state-of-the-art technologies that act
as a hedge against stiff competition. The company also expects to
remain active on share buybacks and dividend payouts.
Based in Morris Township, NJ, Honeywell manufactures a wide range
of aerospace products and services, control, sensing and security
technologies for buildings, homes and industry, turbochargers,
automotive products, specialty chemicals, electronic and advanced
materials, process technology for refining and petrochemicals and
energy efficient products and solutions for homes, business and
Honeywell organizes its business into four operating segments -
Aerospace, Automation and Control Solutions, Performance
Materials and Technologies, and Transportation Systems.
Honeywell's diversified business portfolio mitigates operating
risks and has the potential to earn consistent above-average
However, Honeywell faces intense competition from industry
bigwigs such as
China Merchants Holdings (International) Company
Koninklijke KPN N.V.
Jardine Strategic Holdings Ltd.
), each carrying a Zacks Rank #1 (Strong Buy). Honeywell
presently has a Zacks Rank #3 (Hold) and we expect an upgrade in
the near future with upward revisions in earnings estimates.