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Market Update (NYSE:UTX): United Technologies Corp. Second Quarter Earnings Advisory to Securities Analysts, Investors and News Media

[PR Newswire] – FARMINGTON, Conn., July 5, 2016 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) will issue its second quarter 2016 earnings press release on Tuesday, July 26, prior to the stock market opening. … Read more on this. United Technologies Corporation (UTX) , currently valued at $84.21B, started trading this morning at $102.10. Shares have traded today between $100.21 and $102.34 per share and has traded between $83.39 and $112.36 over the past 12 months. Priced at 15.68x this year’s forecasted earnings, UTX shares are relatively inexpensive compared to the industry’s 22.10x forward p/e ratio. And for income investors, the company pays shareholders $2.64 per share annually in dividends, yielding 2.57%. According to a consensus of 18 analysts, the earnings estimate of $1.68 per share would be $0.05 worse than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.55, which would be a $0.26 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $14.67 Billion. If realized, that would be a 10.17% decrease over the year-ago quarter. In terms of ratings, RBC Capital Mkts downgraded UTX from Outperform to Sector Perform (May 3, 2016). Previously, Goldman downgraded UTX from Buy to Neutral. The average price target for UTX shares by the analysts covering it is $111.35, which is 9.06% above where the stock opened. See more in (NYSE:UTX) Similar Articles: Market Update: United Technologies Corp (NYSE:UTX) – United Technologies Appoints Vince Campisi as Senior Vice President, Digital, and Chief Information Officer Market Update: United Technologies Corp (NYSE:UTX) – United Technologies, Otis Donate Elevators to New Exhibit at Space Center Houston Stock Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Fourth Quarter Earnings Advisory to Securities Analysts, Investors and News Media
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