$18.07 Billion in Sales Expected for United Technologies Co. (UTX) This Quarter
Equities research analysts forecast that United Technologies Co. (NYSE:UTX) will announce $18.07 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for United Technologies’ earnings, with the highest sales estimate coming in at $18.30 billion and the lowest estimate coming in at $17.84 billion. United Technologies posted sales of $15.24 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 18.6%. The business is expected to announce its next quarterly earnings results on Tuesday, April 23rd.
According to Zacks, analysts expect that United Technologies will report full year sales of $77.03 billion for the current financial year, with estimates ranging from $76.42 billion to $77.89 billion. For the next financial year, analysts expect that the firm will report sales of $80.24 billion, with estimates ranging from $79.23 billion to $81.18 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for United Technologies.
United Technologies (NYSE:UTX) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $18.37 billion for the quarter, compared to the consensus estimate of $18.01 billion. United Technologies had a return on equity of 17.53% and a net margin of 7.92%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share.
In other United Technologies news, VP Akhil Johri sold 3,210 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $128.49, for a total value of $412,452.90. Following the completion of the sale, the vice president now owns 62,915 shares in the company, valued at $8,083,948.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO David L. Gitlin sold 7,200 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $128.26, for a total value of $923,472.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,770 shares of company stock valued at $12,153,044. Company insiders own 0.15% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. WESPAC Advisors SoCal LLC bought a new stake in shares of United Technologies in the 4th quarter valued at approximately $26,000. Guidant Wealth Advisors lifted its stake in shares of United Technologies by 64.9% during the 4th quarter. Guidant Wealth Advisors now owns 254 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Braun Bostich & Associates Inc. lifted its stake in shares of United Technologies by 73.0% during the 4th quarter. Braun Bostich & Associates Inc. now owns 365 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 154 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new stake in shares of United Technologies during the 1st quarter worth approximately $47,000. Finally, Sageworth Trust Co bought a new stake in shares of United Technologies during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 80.84% of the company’s stock.
Shares of NYSE:UTX opened at $140.02 on Wednesday. The firm has a market cap of $118.14 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 1.13. United Technologies has a 1 year low of $100.48 and a 1 year high of $144.15.
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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