Honeywell Updates GuidanceOn Wednesday, Honeywell updated its fiscal 2026 guidance following its 1-for-2 reverse stock split, which became effective on June 29.The company now expects adjusted EPS of $7.90 to $8.30 for fiscal 2026, compared with its previous guidance of $3.95 to $4.15 before the split adjustment. Honeywell reaffirmed its sales outlook of $19.9 billion to $20.2 billion.For the second half of fiscal 2026, Honeywell continues to expect sales of $10.1 billion to $10.3 billion. Adjusted EPS is now projected at $4.40 to $4.70, compared with the previously stated range of $2.20 to $2.35.The reverse stock split reduced the company’s outstanding common shares from about 634 million to 317 million. Honeywell said it will provide additional details on its second-quarter results during its earnings conference call on July 23.Analysts Remain BullishHoneywell carries a consensus Buy rating with an average analyst price forecast of $436.86. Recent analyst actions include:
JPMorgan maintained an Overweight rating and lowered its price forecast to $250 on July 7.
Citigroup maintained a Buy rating and lowered its price forecast to $260 on July 1.
Deutsche Bank maintained a Buy rating and raised its price forecast to $263 on June 30.
