Zacks: Brokerages Anticipate Johnson Controls International PLC (JCI) Will Announce Earnings of $0.52 Per Share

Equities research analysts expect that Johnson Controls International PLC (NYSE:JCI) will report $0.52 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Johnson Controls International’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.51. Johnson Controls International reported earnings of $0.50 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 4%. The firm is expected to announce its next earnings report before the market opens on Tuesday, May 1st.

On average, analysts expect that Johnson Controls International will report full year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.72 to $2.85. For the next year, analysts anticipate that the firm will post earnings of $3.01 per share, with EPS estimates ranging from $2.79 to $3.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Johnson Controls International.

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Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Johnson Controls International had a return on equity of 11.73% and a net margin of 5.92%. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year.

Several research firms have weighed in on JCI. Robert W. Baird restated a “hold” rating and set a $38.00 target price on shares of Johnson Controls International in a report on Thursday. Cowen restated a “hold” rating and set a $36.00 target price on shares of Johnson Controls International in a report on Monday, April 16th. Zacks Investment Research lowered Johnson Controls International from a “buy” rating to a “sell” rating in a report on Wednesday, April 11th. Royal Bank of Canada lowered Johnson Controls International from a “sector perform” rating to an “underperform” rating in a report on Thursday, April 5th. Finally, Barclays began coverage on Johnson Controls International in a report on Thursday, February 15th. They set an “equal weight” rating and a $41.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $44.42.

In other news, insider Rodney M. Rushing sold 14,199 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $37.88, for a total value of $537,858.12. Following the sale, the insider now directly owns 39,847 shares of the company’s stock, valued at $1,509,404.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.43% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Calton & Associates Inc. acquired a new stake in Johnson Controls International during the fourth quarter worth about $155,000. Field & Main Bank acquired a new stake in Johnson Controls International during the fourth quarter worth about $172,000. Icon Wealth Partners LLC acquired a new stake in Johnson Controls International during the fourth quarter worth about $246,000. Pinebridge Investments L.P. acquired a new stake in Johnson Controls International during the fourth quarter worth about $259,000. Finally, Starfire Investment Advisers Inc. acquired a new stake in Johnson Controls International during the fourth quarter worth about $274,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

NYSE JCI traded down $0.12 during trading on Monday, hitting $34.15. 5,283,374 shares of the company traded hands, compared to its average volume of 5,833,576. Johnson Controls International has a 12 month low of $33.23 and a 12 month high of $44.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 0.80. The firm has a market cap of $31,738.23, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.14 and a beta of 0.86.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Monday, March 19th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, March 16th. Johnson Controls International’s dividend payout ratio is currently 40.00%.

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Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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Earnings History and Estimates for Johnson Controls International (NYSE:JCI)

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