Diversified conglomerate Honeywell International Inc. HON reaffirmed its guidance for first quarter and full-year 2016 earnings. The company reaffirmed its first-quarter 2016 earnings per share guidance in the range of $1.48-$1.53. Also, the company reiterated its full-year 2016 guidance. The company expects revenues for 2016 to lie in the range of $39.9 billion and $40.9 billion, reflecting year-over-year growth of 3%–6%. 2016 adjusted earnings are forecasted to lie in the range of $6.45 per share and $6.70 per share, reflecting growth of 6%–10%. Segment margin is expected in the range of 18.9%-19.3%. Free cash flow is expected in the range of $4.6 billion–$4.8 billion.
Honeywell expects its core organic sales to be up 4%–5% in 2017. The success of the company's HOS (Honeywell Operating System) Gold has been a major factor in driving continuous innovation, which helps the company to retain a dominant position in its markets and generate sustainable growth and productivity even during market downturn. With a flexible yet disciplined approach towards cost and productivity, Honeywell remains focused on increasing its presence in high-growth regions and accelerating growth over the remainder of its current five-year plan and beyond. Going forward, Honeywell expects to outperform its peers driven by its differentiated technology, new product introductions and expansion of its global footprint.
Honeywell is a global diversified technology and manufacturing company with 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 transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include Macquarie Infrastructure Corporation MIC carrying a Zacks Rank #1 (Strong Buy), NeoPhotonics Corporation NPTN and Barloworld Ltd BRRAY both carrying a Zacks Rank #2 (Buy).
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