How To Earn $500 A Month From Honeywell International Stock Ahead Of Q4 Earnings Report
Portfolio Pulse from Avi Kapoor
Honeywell International Inc. (HON) is set to release Q4 earnings on Feb. 1, 2024, with expected earnings of $2.59 per share and projected revenue of $9.7 billion. The company has a dividend yield of 2.10% and recently agreed to acquire Carrier Global Corporation's Global Access Solutions business for $4.95 billion. Honeywell's stock closed up 1.4% at $205.90.
January 31, 2024 | 12:57 pm
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NEUTRAL IMPACT
Carrier Global Corporation has agreed to sell its Global Access Solutions business to Honeywell for $4.95 billion. This divestiture could impact Carrier's stock as it reshapes its business portfolio.
The sale of a significant business unit could have mixed effects on Carrier's stock. While it provides a substantial cash influx, it also indicates a strategic shift that investors may need time to assess.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Honeywell is expected to report increased earnings and revenue in Q4. The company's recent acquisition and consistent dividend yield may attract investors, potentially impacting the stock positively in the short term.
Positive earnings and revenue growth forecasts, coupled with a significant acquisition and a stable dividend yield, are likely to be viewed favorably by investors, potentially driving up the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90