Analysts are weighing in on how United Technologies Corporation (NYSE:UTX), might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.3. The stock is rated as buy by 4 analysts, with 5 outperform and 12 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.
For the current quarter, the 19.00 analysts offering adjusted EPS forecast have a consensus estimate of $1.69 a share, which would compare with $1.73 in the same quarter last year. They have a high estimate of $1.75 and a low estimate of $1.56. Revenue for the period is expected to total nearly $14.66B from $16.33B the year-ago period.
For the full year, 19.00 Wall Street analysts forecast this company would deliver earnings of 6.56 per share, with a high estimate of $6.71 and a low estimate of $6.45. It had reported earnings per share of $6.29 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $57.04B versus 56.45B in the preceding year.
The analysts project the company to maintain annual growth of around 9.12% percent over the next five years as compared to an average growth rate of 9.86% percent expected for its competitors in the same industry.
Among the 18 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for UTX is $111.78 but some analysts are projecting the price to go as high as $120.00. If the optimistic analysts are correct, that represents a 17 percent upside potential from the recent closing price of $102.33. Some sell-side analysts, particularly the bearish ones, have called for $103.00 price targets on shares of United Technologies Corporation (NYSE:UTX).
In the last reported results, the company reported earnings of $1.73 per share, while analysts were calling for share earnings of $1.71. It was an earnings surprise of 1.20%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
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; modernization products to upgrade elevators and escalators; and maintenance and repair services. The companys UTC Climate, Controls & Security segment provides heating, ventilating, air conditioning, and refrigeration solutions, such as controls for residential, commercial, industrial, and transportation applications. This segment offers electronic security products, including intruder alarms, access control systems, and video surveillance systems; and fire safety products; systems integration, video surveillance, installation, maintenance, and inspection services; and monitoring and response services. Its Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation markets; and provides aftermarket maintenance, repair, and overhaul, as well as fleet management services. The companys UTC Aerospace Systems segment provides electric power generation, power management, and distribution systems; air data, and flight sensing and management systems; engine control, electric, intelligence, surveillance, and reconnaissance systems; engine components; environmental control systems; fire and ice detection, and protection systems; propeller systems; cargo, actuation, and landing systems; aircraft aero structures, and lighting and seating products; space products and subsystems; and aftermarket services. United Technologies Corporation offers its services through manufacturers representatives, distributors, wholesalers, dealers, retail outlets, and sales representatives, as well as directly to customers. The company was founded in 1934 and is headquartered in Farmington, Connecticut.