United Technologies Co. (NYSE:UTX) issued an update on its FY16 earnings guidance on Wednesday morning. The company provided EPS guidance of $6.30-6.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.55, Market Beat.com reports. The company issued revenue guidance of $56-58 billion, compared to the consensus revenue estimate of $57.85 billion.

United Technologies Co. (NYSE:UTX) opened at 86.45 on Friday. The company has a market cap of $76.68 billion and a price-to-earnings ratio of 13.36. The stock has a 50 day moving average price of $91.46 and a 200 day moving average price of $95.27. United Technologies Co. has a 12 month low of $83.39 and a 12 month high of $124.45.

United Technologies (NYSE:UTX) last posted its earnings results on Wednesday, January 27th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.01. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The firm earned $14.30 billion during the quarter, compared to analysts’ expectations of $15.35 billion. United Technologies’s quarterly revenue was down 4.5% on a year-over-year basis. Analysts anticipate that United Technologies Co. will post $6.53 earnings per share for the current fiscal year.

UTX has been the topic of a number of recent research reports. RBC Capital decreased their price objective on United Technologies from $104.00 to $100.00 and set a sector perform rating on the stock in a research report on Thursday. Argus decreased their price objective on United Technologies from $125.00 to $105.00 and set a buy rating on the stock in a research report on Thursday. Sterne Agee CRT downgraded United Technologies from a buy rating to a neutral rating and set a $100.00 price objective on the stock. in a research report on Wednesday, January 6th. Credit Suisse restated a neutral rating and set a $108.00 price objective on shares of United Technologies in a research report on Monday, November 16th. Finally, Jefferies Group restated a buy rating and set a $118.00 price objective on shares of United Technologies in a research report on Thursday, December 10th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $108.07.

United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

12 Month Chart for NYSE:UTX

Receive News & Ratings for United Technologies Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies Co. and related companies with MarketBeat.com's FREE daily email newsletter.