Honeywell's Long-term View - Analyst Blog
09 Mars 2012 - 12:15PM
Zacks
Honeywell International
Inc. (HON) recently declared its long-term outlook while
reaffirming 2012 guidance and narrowing its first quarter 2012
guidance. The company aims to achieve its 2014 sales guidance of
$41 billion to $45 billion and segment margin of 16% to 18% based
on its good financial and operational performance over the past ten
years.
The company maintained its 2012
financial guidance of earnings per share of $4.25 to $4.50. The
company, however, narrowed its first-quarter 2012 earnings guidance
of $0.93 to $0.98 per share to $0.96 to $0.98 per share.
Honeywell's strong product
portfolio and expanded global presence developed over the past ten
years well position it to achieve its guidance. The company
maintains its strategy of Great Positions in Good Industries, One
Honeywell and the Five Initiatives – Growth, Productivity, Cash,
People and the Enablers. Based on these, the company is confident
of performing well as it moves ahead.
For further expansion, the company
is focused on growth factors, such as investments in new products,
technology demarcation, expansion in the emerging markets along
with initiatives in key processes. Honeywell’s short-cycle
businesses as well as its commercial aerospace spares and
residential and commercial retrofit businesses are performing
impressively and are expected to support the company’s future
growth outlook.
However, a change in the U.S.
government’s defense and aerospace funding could adversely impact
sales of Aerospace’s defense and space-related products and
services.
Based in Morris Township, N.J.,
Honeywell International Inc. is a Fortune 100 company providing
technical and manufacturing support to customers worldwide with
aerospace products and services; control technologies for
buildings, homes and industry; automotive products; turbochargers;
and specialty materials. The major competitors of Honeywell are
BorgWarner Inc. (BWA), United Technologies
Corp. (UTX) and Johnson Controls Inc.
(JCI).
We maintain a Zacks #3 Rank (Hold
recommendation) over the next one-to-three months on Honeywell.
BORG WARNER INC (BWA): Free Stock Analysis Report
HONEYWELL INTL (HON): Free Stock Analysis Report
JOHNSON CONTROL (JCI): Free Stock Analysis Report
UTD TECHS CORP (UTX): Free Stock Analysis Report
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