Analysts expect that United Technologies Co. (NYSE:UTX) will post $1.84 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for United Technologies’ earnings, with the highest EPS estimate coming in at $1.92 and the lowest estimate coming in at $1.77. United Technologies reported earnings per share of $1.95 during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.6%. The firm is scheduled to report its next quarterly earnings results on Wednesday, January 22nd.

On average, analysts expect that United Technologies will report full-year earnings of $8.14 per share for the current fiscal year, with EPS estimates ranging from $8.10 to $8.16. For the next financial year, analysts expect that the company will post earnings of $8.74 per share, with EPS estimates ranging from $8.45 to $9.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for United Technologies.

United Technologies (NYSE:UTX) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $2.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.18. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.31 billion. United Technologies had a return on equity of 16.81% and a net margin of 6.72%. United Technologies’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted $1.93 EPS.

UTX has been the topic of a number of recent research reports. Cowen lifted their price target on United Technologies from $150.00 to $169.00 and gave the company an “outperform” rating in a research note on Wednesday. Zacks Investment Research raised United Technologies from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Thursday, November 28th. JPMorgan Chase & Co. raised their price objective on shares of United Technologies from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Credit Suisse Group set a $162.00 price objective on shares of United Technologies and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Sanford C. Bernstein lifted their target price on shares of United Technologies from $143.00 to $154.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $157.21.

In other news, VP Robert J. Bailey sold 831 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $135.09, for a total transaction of $112,259.79. Following the completion of the sale, the vice president now directly owns 2,000 shares in the company, valued at $270,180. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory Hayes sold 27,987 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $147.79, for a total transaction of $4,136,198.73. Following the sale, the chief executive officer now owns 287,649 shares of the company’s stock, valued at $42,511,645.71. The disclosure for this sale can be found here. Insiders have sold 139,222 shares of company stock valued at $19,819,981 over the last 90 days. 0.15% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Sound View Wealth Advisors Group LLC bought a new position in shares of United Technologies during the 2nd quarter worth approximately $2,049,000. Great Valley Advisor Group Inc. boosted its stake in shares of United Technologies by 276.0% in the second quarter. Great Valley Advisor Group Inc. now owns 11,743 shares of the conglomerate’s stock worth $1,526,000 after acquiring an additional 8,620 shares during the period. Farr Miller & Washington LLC DC grew its position in shares of United Technologies by 0.5% during the second quarter. Farr Miller & Washington LLC DC now owns 383,785 shares of the conglomerate’s stock worth $49,969,000 after purchasing an additional 2,017 shares in the last quarter. Captrust Financial Advisors grew its position in shares of United Technologies by 50.3% during the second quarter. Captrust Financial Advisors now owns 58,174 shares of the conglomerate’s stock worth $7,574,000 after purchasing an additional 19,474 shares in the last quarter. Finally, BB&T Securities LLC raised its stake in United Technologies by 1.0% during the 2nd quarter. BB&T Securities LLC now owns 452,048 shares of the conglomerate’s stock valued at $58,857,000 after purchasing an additional 4,405 shares during the period. Institutional investors and hedge funds own 80.99% of the company’s stock.

UTX traded up $1.73 on Friday, reaching $146.99. The stock had a trading volume of 2,593,573 shares, compared to its average volume of 3,431,813. The company has a current ratio of 1.06, a quick ratio of 0.75 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $128.06 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.07 and a beta of 1.22. United Technologies has a fifty-two week low of $100.48 and a fifty-two week high of $149.81. The firm has a 50-day moving average of $145.62 and a 200-day moving average of $134.94.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.735 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.94 annualized dividend and a dividend yield of 2.00%. United Technologies’s payout ratio is 38.63%.

About United Technologies

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

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