Stock Update: Honeywell International Inc (NYSE:HON) – Federal Aviation Administration Approves Honeywell’s Hardware For Inmarsat Global Xpress In-Flight Wireless Network

[PR Newswire] – PHOENIX, Jan. 21, 2016 /PRNewswire/ — Honeywell Aerospace’s (NYSE: HON) JetWave™ wireless in-flight connectivity system has received U.S. Federal Aviation Administration approval for the Boeing 757. Honeywell’s JetWave is the exclusive hardware for aircraft to connect to Inmarsat’s Global Xpress, the only high-speed broadband satellite network spanning the globe that will provide fast, seamless and reliable connectivity over both land and water. The certification validates the reliability and capability of Honeywell’s hardware to connect to Global Xpress (GX) Aviation service to provide passengers with the same high-speed Wi-Fi experience they get at home or in the office while traveling at 35,000 feet. Read more on this. Honeywell International Inc. (HON) , valued at $74.09B, opened at $96.82. Shares have traded today between $95.89 and $97.13 per share with its 52-week range being $87.00 to $107.41. HON shares are currently priced at 15.78x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.10x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $2.38 per share annually in dividends, yielding 2.45%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $1.58 per share, which would be $0.15 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $6.10, which would be a $0.54 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.98 Billion. If realized, that would be a 2.82% decrease over the year-ago quarter. More recently, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. The average price target for HON shares by the analysts covering the stock is $114.71, which is 18.48% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell to Present at Cowen and Company Aerospace/Defense Conference & Transport One-on-One Forum Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell To Present At Deutsche Bank Global Auto Industry Conference Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell And NASA Bring Hip-Hop Science Series To North Carolina Middle Schools
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