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Company Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems to supply three additional systems for Boeing’s 777X

[PR Newswire] – CHARLOTTE, N.C., March 9, 2016 /PRNewswire/ — Boeing has selected UTC Aerospace Systems for three additional systems on the new Boeing 777X large, twin-engine jet. These are in addition to numerous systems on the aircraft awarded to UTC Aerospace Systems in 2015. UTC Aerospace Systems is a unit of United Technologies Corp. (UTX). UTC Aerospace Systems will now also provide the horizontal stabilizer trim actuator that moves the horizontal stabilizer to trim and stabilize the aircraft in the pitch axis during flight. Read more on this. United Technologies Corporation (UTX) , valued at $81.38B, opened at $97.32. Looking at today’s market, UTX one day range is $96.76 to $97.48 with a one year range of $83.39 to $121.60. UTX shares are currently priced at 14.91x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 30.25x earnings multiple. The company pays shareholders $2.56 per share in dividend income per year, for a current yield of 2.64%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.40 per share, which would be $0.18 worse than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.50, which would be a $0.21 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.14 Billion. If reported, that would be a 9.63% decrease over the year-ago quarter. Recently, RBC Capital Mkts upgraded UTX from Sector Perform to Outperform (Mar 1, 2016). Previously, Bernstein downgraded UTX from Outperform to Mkt Perform. Investors should keep in mind is that the average price target is $104.94, which is 7.83% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Company Update: United Technologies Corp (NYSE:UTX) – Boeing Selects UTC Aerospace Systems for Continued Sustainment of Landing Gear Systems for the U.S. Air Force Market Update: United Technologies Corp (NYSE:UTX) – Morning Analysis on Aerospace/Defense Products & Services Stocks – United Technologies, The Boeing, General Dynamics, and Lockheed Martin Market Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems Helps Enable Mitsubishi Regional Jet First Flight
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