The present market cap reflects only on the equity of NYSE:UTX Aerospace/Defense Products & Services and is vital to note that the firm’s choice of capital structure holds a substantial impact on how the aggregate value of the company allocated within the equity and debt.
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Earnings Roundup: In the last fiscal quarter alone, United Technologies Corporation generated around $13.36B in revenue and net income of $1.42/share.
-Earnings Growth (Y-o-Y): 1.3%. The shares closed last trade at $104.65, implying that analysts see shares rising about 6.52 per cent in 12 months’ time. Pratt & Whitney revenues increased to $3,716 million from $3,677 million in the year-ago quarter.
The company said revenue for the quarter rose 1.2% to $14.87 billion. In December, the company laid out a three-year, $1.5 billion cost-cutting plan that takes aim at “high-cost” locations with an eye to consolidate manufacturing facilities.
Sales of engines and aerospace components rose in the quarter, while sales of elevators, climate controls and security systems were flat, in part due to currency effects. That left Otis with operating earnings of $1.04 billion for the first half of the year, down 9.5 percent from $1.15 billion at the same point in 2015. In the aerospace-systems segment sales grew 2.3%.
United Technologies Corporation (NYSE:UTX) Aerospace/Defense Products & Services exhibits an Operating Margin of *TBA and a Gross Margin of 28.00%, therefore, displaying a Profit Margin of *TBA.
In its commercial businesses, the company continues to spend on innovation and brand itself to capitalize from emerging urbanization trends.
-EPS (Q2): $1.82 vs. $1.67 past year. The total 1.75 million shares were bought and sold throughout the most recent trading session less than average volume of 1.97 million shares. The company reaffirmed its acquisition expectation of $1-$2 billion and free cash flow guidance in the range of 90-100%.
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RBC Capital Mkts has been a brokerage house following shares of United Technologies Corporation (UTX), so its rating change is noteworthy. Some stocks that look promising in the industry include Honeywell International Inc. Today, you can download 7 Best Stocks for the Next 30 Days.
