United Technologies (UTX) Set to Announce Quarterly Earnings on Tuesday
United Technologies (NYSE:UTX) is set to issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.77 per share for the quarter. United Technologies has set its FY 2019 guidance at $7.70-8.00 EPS and its FY19 guidance at $7.70-8.00 EPS.
United Technologies (NYSE:UTX) last issued its earnings results on Wednesday, January 23rd. The conglomerate reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.42. The business had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $16.87 billion. United Technologies had a return on equity of 17.53% and a net margin of 7.92%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 EPS. On average, analysts expect United Technologies to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of UTX stock opened at $134.55 on Tuesday. The company has a market cap of $116.09 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. United Technologies has a 12-month low of $100.48 and a 12-month high of $144.15. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 1.01.
In other United Technologies news, Chairman Gregory Hayes sold 35,942 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $123.81, for a total transaction of $4,449,979.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Kelly Ortberg sold 16,587 shares of the stock in a transaction on Thursday, February 28th. The shares were 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 in the company, valued at approximately $8,888,010.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,770 shares of company stock worth $12,153,044. Insiders own 0.15% of the company’s stock.
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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.
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