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

[PR Newswire] – FARMINGTON, Conn., Jan. 7, 2016 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) will issue its fourth quarter 2015 earnings press release on Wednesday, Jan. 27, prior to the stock market opening. … Read more on this. United Technologies Corporation (UTX) , with a current value of $81.52B, began trading this morning at $91.45. A quick look at the market, the company’s stock traded between $91.43 and $93.35 with a trailing 52-week range being $85.50 to $124.45. UTX shares are currently priced at 14.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.16x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $2.56 per share annually in dividends, yielding 2.66%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.52 per share, which would be $0.10 worse than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $6.27 is a $0.55 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $15.24 Billion. If reported, that would be a 10.35% decrease over the year-ago quarter. In terms of ratings, Sterne Agee CRT downgraded UTX from Buy to Neutral (Jan 6, 2016). Previously, RBC Capital Mkts downgraded UTX from Outperform to Sector Perform. The average price target for UTX shares by the analysts covering it is $107.76, which is 17.83% above where the stock opened. See more in (NYSE:UTX) Similar Articles: Market Update: United Technologies Corp (NYSE:UTX) – United Technologies Research Centre Ireland leads Clean Sky 2 contract Company Update: United Technologies Corp (NYSE:UTX) – Jim Cramer Says Buy SAP, United Technologies on a Pullback Company Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Third Quarter Earnings Advisory to Securities Analysts, Investors and News Media
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