United Technologies Calls For Redemption of Outstanding Goodrich 6.125 Percent Notes Due March 1, 2019 – United (UTX)

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[at noodls] – July 24, 2013 HARTFORD, Conn. – United Technologies Corp. (NYSE: UTX) today called for redemption of all outstanding Goodrich 6.125 Percent Notes due March 1, 2019 (the “2019 Notes”). The outstanding …
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United Technologies Corp. (UTX), with a current value of $99.05B, opened at $108.86.

Today’s price range has been between $107.86 and $109.00 per share with a trailing 52-week range being $74.44 to $112.46.

UTX shares are currently priced at 17.78x this year’s forecasted earnings,
which makes them relatively expensive compared to the industry’s 12.50x forward p/e ratio.

And for those looking to make a return holding the stock, the company pays shareholders $2.14 per share annually in dividends, yielding 2.00% .

According to a consensus of 21 analysts, the earnings estimate of $1.53 per share would be $0.16 better than the year-ago quarter but a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $6.15 is $0.80 better when compared to the previous year’s annual results.

The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.22 Billion. If reported, that would be a 7.85% increase over the year-ago quarter.

In terms of ratings, Oppenheimer downgraded (UTX) from Outperform to Perform (Sep 28, 2012).
Previously, Argus upgraded (UTX) from Hold to Buy. Argus upgraded (UTX) from Hold to Buy.

The average price target for UTX shares by the analysts covering the stock is $116.62, which is 7.13% above where the stock opened this morning.

United Technologies Corporation (NYSE:UTX), provides technology products and services to the building systems and aerospace industries worldwide.
Its Otis segment designs, manufactures, sells, and installs a range of passenger and freight elevators, escalators, and moving walkways.

Tag Helper ~ Stock Code: UTX | Common Company name: United | Full Company name: United Technologies Corporation (NYSE:UTX) .

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