Honeywell International Inc.
Following the split, Honeywell Aerospace will trade under the ticker 'HONA'.
2026 Outlook
The company forecasts 7%-9% organic sales growth in 2026 and expects standalone adjusted EBIT of $4.65 billion-$4.75 billion.
It also targets free cash flow of $1 billion-$1.5 billion in the second half of 2026.
By segment, Honeywell expects end-market organic growth of high single digits (HSDs) in Commercial Original Equipment (OE), mid single digits to HSDs in Commercial Aftermarket, and Defense & Space in HSDs.
2030 & Long Term Targets
Looking ahead, Honeywell projects that adjusted EBIT will exceed $6.5 billion by 2030 and free cash flow will surpass $4 billion.
In the aerospace business, the company expects A320neo and 737 MAX APU flight hours to grow at an 18% annualized rate through 2030.
It projects its avionics installed base to expand at a 5% annualized rate over the same period and expects HTF 7000 engine-equipped aircraft to grow at roughly 9% annually through 2030.
The company also expects its international defense business to grow at a high single-digit rate from 2025 to 2030.
Honeywell expects organic sales to grow at a 6%-8% CAGR from 2025 to 2030. It also targets adjusted EBIT of more than $6.5 billion and free cash flow exceeding $4.0 billion over the same period.
Management expects earnings progression to remain uneven as it continues investing through 2026-2028.
Honeywell (HON) Earnings & Analyst Forecast
Looking further out, the next major catalyst for the stock arrives with the July 23, 2026 (estimated) earnings report.
- EPS Estimate: $2.42 (Down from $2.75 YoY)
- Revenue Estimate: $9.55 Billion (Down from $10.35 Billion YoY)
- Valuation: P/E of 35.7x (Indicates premium valuation relative to peers)
- RBC Capital: Outperform (Maintains Target to $268.00) (June 4)
- Goldman Sachs: Buy (Raises Target to $276.00) (June 3)
- Barclays: Overweight (Raises Target to $251.00) (May 27)
