Wall Street analysts predict that United Technologies Co. (NYSE:UTX) will announce $19.46 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for United Technologies’ earnings. The lowest sales estimate is $19.12 billion and the highest is $19.89 billion. United Technologies posted sales of $16.71 billion in the same quarter last year, which suggests a positive year over year growth rate of 16.5%. The business is expected to report its next earnings report on Tuesday, July 23rd.

On average, analysts expect that United Technologies will report full-year sales of $76.68 billion for the current fiscal year, with estimates ranging from $75.90 billion to $77.39 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $80.37 billion, with estimates ranging from $79.40 billion to $81.38 billion. Zacks’ sales averages are an average based on a survey of analysts that follow United Technologies.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.20. The firm had revenue of $18.37 billion for the quarter, compared to analysts’ expectations of $18.01 billion. United Technologies had a net margin of 7.64% and a return on equity of 17.02%. The firm’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.

UTX has been the topic of several recent analyst reports. OTR Global cut shares of United Technologies to a “positive” rating in a report on Friday, January 18th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $149.00 price target on shares of United Technologies in a report on Wednesday, January 23rd. Bank of America reaffirmed a “buy” rating and issued a $185.00 price target on shares of United Technologies in a report on Thursday, January 24th. Royal Bank of Canada boosted their target price on shares of United Technologies to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, January 24th. Finally, Zacks Investment Research upgraded shares of United Technologies from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Wednesday, January 30th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. United Technologies currently has an average rating of “Buy” and an average target price of $147.76.

UTX opened at $135.25 on Friday. The firm has a market capitalization of $115.06 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.88 and a beta of 1.23. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.79 and a current ratio of 1.13. United Technologies has a 12-month low of $100.48 and a 12-month high of $144.40.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.735 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.94 annualized dividend and a yield of 2.17%. United Technologies’s payout ratio is 38.63%.

In other news, CEO Robert Kelly Ortberg sold 16,587 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $126.59, for a total transaction of $2,099,748.33. Following the completion of the transaction, the chief executive officer now owns 70,211 shares in the company, valued at $8,888,010.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert J. Bailey sold 1,418 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $126.20, for a total transaction of $178,951.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,415 shares of company stock valued at $3,614,625. 0.15% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. WESPAC Advisors SoCal LLC bought a new position in United Technologies in the 4th quarter valued at about $26,000. Strategy Asset Managers LLC bought a new position in United Technologies in the 1st quarter valued at about $26,000. Guidant Wealth Advisors grew its position in United Technologies by 64.9% in the 4th quarter. Guidant Wealth Advisors now owns 254 shares of the conglomerate’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Harvest Group Wealth Management LLC bought a new position in United Technologies in the 1st quarter valued at about $33,000. Finally, Advisory Alpha LLC bought a new position in United Technologies in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 80.53% of the company’s stock.

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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