Analysts forecast that United Technologies Co. (NYSE:UTX) will announce $1.77 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for United Technologies’ earnings, with estimates ranging from $1.72 to $1.84. United Technologies also reported earnings of $1.77 per share during the same quarter last year. The firm is scheduled to announce its next earnings results on Tuesday, April 23rd.

On average, analysts expect that United Technologies will report full year earnings of $7.93 per share for the current year, with EPS estimates ranging from $7.80 to $8.00. For the next fiscal year, analysts anticipate that the company will report earnings of $8.71 per share, with EPS estimates ranging from $8.35 to $9.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover United Technologies.

United Technologies (NYSE:UTX) last issued its earnings results on Wednesday, January 23rd. The conglomerate reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.42. The business had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $16.87 billion. United Technologies had a return on equity of 17.53% and a net margin of 7.92%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.60 EPS.

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on United Technologies in a report on Friday, February 22nd. They set an “overweight” rating and a $132.00 target price on the stock. Royal Bank of Canada cut United Technologies from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $139.00 to $119.00 in a report on Thursday, January 3rd. Cowen reiterated a “hold” rating and issued a $141.00 price objective on shares of United Technologies in a report on Thursday, December 6th. Barclays decreased their price objective on United Technologies from $153.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, December 17th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $149.00 price objective on shares of United Technologies in a report on Wednesday, January 23rd. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $143.93.

Shares of United Technologies stock traded up $0.25 on Thursday, hitting $126.89. 3,559,676 shares of the company were exchanged, compared to its average volume of 4,739,976. The stock has a market cap of $109.13 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.79 and a beta of 1.20. United Technologies has a 1-year low of $100.48 and a 1-year high of $144.15. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.13 and a quick ratio of 0.81.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 10th. Investors of record on Friday, February 15th were issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, February 14th. United Technologies’s dividend payout ratio is presently 38.63%.

In other United Technologies news, CEO Robert Kelly Ortberg sold 16,587 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $126.59, for a total value of $2,099,748.33. Following the sale, the chief executive officer now owns 70,211 shares of the company’s stock, valued at $8,888,010.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael R. Dumais sold 9,620 shares of the business’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $119.12, for a total value of $1,145,934.40. Following the completion of the sale, the executive vice president now directly owns 35,627 shares in the company, valued at approximately $4,243,888.24. The disclosure for this sale can be found here. In the last three months, insiders sold 96,352 shares of company stock worth $11,974,093. 0.17% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Point View Wealth Management Inc. increased its position in shares of United Technologies by 2.4% during the fourth quarter. Point View Wealth Management Inc. now owns 3,600 shares of the conglomerate’s stock worth $383,000 after acquiring an additional 85 shares during the period. Newman Dignan & Sheerar Inc. increased its holdings in United Technologies by 1.1% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 8,234 shares of the conglomerate’s stock valued at $877,000 after buying an additional 86 shares during the last quarter. Cim LLC increased its holdings in United Technologies by 4.0% in the fourth quarter. Cim LLC now owns 2,280 shares of the conglomerate’s stock valued at $243,000 after buying an additional 87 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. increased its holdings in United Technologies by 2.0% in the fourth quarter. Pineno Levin & Ford Asset Management Inc. now owns 4,794 shares of the conglomerate’s stock valued at $510,000 after buying an additional 93 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in United Technologies by 3.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,221 shares of the conglomerate’s stock valued at $343,000 after buying an additional 95 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

United Technologies Company Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

See Also: Consumer Price Index (CPI)

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Earnings History and Estimates for United Technologies (NYSE:UTX)

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