Movement Alert|Honeywell Aerospace Inc Rises 3.12% in Regular Trading, Earnings Release Imminent Amid Bullish Analyst Outlook

Market Focus
Aug 05

On August 5, Honeywell Aerospace Inc rose 3.12% in regular trading, trading at 214.73 USD/share, with turnover of $157 million.

On the news front, the company is set to release its Q2 earnings report later today. Market consensus expects quarterly revenue of $4.61 billion and adjusted EPS of $2.11. RBC Capital Markets previously noted that Q2 orders were standout, with all business segments achieving double-digit short-cycle growth, suggesting room for potential upside in H2. The brokerage reiterated its outperform rating and raised its price target to $298 per share from $272.

Additionally, the newly independent company has secured significant commercial wins, including Indigo selecting its avionics and power systems for 810 new Airbus A320neo aircraft orders, and Aeromexico planning deployment of its runway safety technology across over 100 aircraft. Morgan Stanley highlighted the company's competitive R&D model delivering high-20s% EBITDA margins.

Within the Aerospace & Defense sector, Rocket Lab USA up 5.41%, Boeing up 1.6%, GE Aerospace up 1.8%, RTX Corp up 0.07%, TransDigm down 3.05%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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