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United Technologies Shows Promise with in Line Performance

On Nov 28, Zacks Investment Research updated the research report on diversified conglomerate, United Technologies Corporation UTX. Post third-quarter 2016 earnings, the stock recorded an average return of 7.3% – an inline performance compared with the Zacks categorized Diversified Operations industry and looks poised for an uptrend with rising earnings estimates for the current year.

Furthermore, a modest long-term growth expectation of 5.1% shows inherent strength in operating fundamentals. Based on the solid third-quarter results, United Technologies has also raised the lower end of its 2016 earnings guidance. For 2016, the company expects adjusted earnings to be in the range of $6.55 to $6.60 per share (prior guidance: $6.45 to $6.60) on revenue expectations of $57 billion to $58 billion.

United Technologies serves various end markets such as aerospace, defense and commercial construction, which move according to their own cycles. This business mix and diversification allows the company to remain profitable even during tough economic times, delivering consistent earnings and dividend growth. The company has an experienced management team, and is likely to capitalize on the continued global economic recovery and deliver sustainable earnings growth in the future. In order to fuel...


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