Honeywell: annual targets adjusted upwards
(CercleFinance.com) - Honeywell raises its target ranges for 2019, now aiming for adjusted EPS of 7.
95 to 8.15 dollars, and no longer 7.90 to 8.15 dollars, with revenues of 36.7 to 37.2 billion instead of 36.5 to 37.2 billion.
For its second quarter of 2019, it posts adjusted EPS up 9% (outside the impact of spinoffs) to 2.10 dollars, which is two cents more than analysts' average estimates and at the high end of its own target range.
The industrial solutions conglomerate improved its segment margin by 170 basis points to 21.3% for revenues down 15% to just over 9.2 billion dollars due to spinoffs, but with organic sales up 5% driven by the strength of its long-cycle businesses.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
95 to 8.15 dollars, and no longer 7.90 to 8.15 dollars, with revenues of 36.7 to 37.2 billion instead of 36.5 to 37.2 billion.
For its second quarter of 2019, it posts adjusted EPS up 9% (outside the impact of spinoffs) to 2.10 dollars, which is two cents more than analysts' average estimates and at the high end of its own target range.
The industrial solutions conglomerate improved its segment margin by 170 basis points to 21.3% for revenues down 15% to just over 9.2 billion dollars due to spinoffs, but with organic sales up 5% driven by the strength of its long-cycle businesses.
Copyright (c) 2019 CercleFinance.com. All rights reserved.