Honeywell beats Q2 earnings and revenue estimates, raises guidance

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Honeywell’s ($NASDAQ:HON) net income fell to $1.26 billion, or $1.84 per share, from $1.45 billion, or $2.04 per share, in the year-earlier quarter, while revenues edged higher to $8.95 billion from $8.81 billion a year ago, up 2% and up 4% organically. Honeywell’s guidance for the full year now includes adjusted EPS in the range of $8.55 to $8.80, up from the previous range of $8.50 to $8.80, and organic growth in the range of 5% to 7%, up from the previous range of 4% to 7%. Do you think this will affect HONEYWELL INTERNATIONAL’s market and earnings in the long term?

Market Reaction

Honeywell also raised its guidance for the full year. The news media coverage of Honeywell’s earnings has been mostly mixed. On Thursday, Honeywell’s stock opened at $189.1 and closed at $190.4, up by 3.7% from its last closing price of $183.7.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on HONEYWELL INTERNATIONAL are made simple by VI app. VI Star Chart shows that HONEYWELL INTERNATIONAL is strong in profitability, dividend, medium in asset and weak in growth. HONEYWELL INTERNATIONAL has a high health score of 7/10 considering its cashflows and debt, is capable to sustain future operations in times of crisis. HONEYWELL INTERNATIONAL is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. At the right yield, it is suitable for those who wants to invest in companies for passive income. Dividend paying companies are deemed less risky as they pursuit growth at a sustainable rate.

Summary

The company’s stock was up more than 3 percent in premarket trading following the release of the results.