Analysts expect that Johnson Controls International PLC (NYSE:JCI) will post earnings per share of $0.80 for the current quarter, Zacks reports. Five analysts have provided estimates for Johnson Controls International’s earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.82. Johnson Controls International posted earnings of $0.71 per share during the same quarter last year, which would suggest a positive year over year growth rate of 12.7%. The firm is expected to issue its next earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Johnson Controls International will report full-year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.79 to $2.85. For the next financial year, analysts forecast that the firm will report earnings of $3.05 per share, with EPS estimates ranging from $2.95 to $3.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Johnson Controls International.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, May 1st. The auto parts company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Johnson Controls International had a net margin of 6.83% and a return on equity of 11.60%. The company had revenue of $7.48 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the prior year, the company posted $0.50 earnings per share. Johnson Controls International’s revenue for the quarter was up 3.3% compared to the same quarter last year.
Several equities research analysts have recently weighed in on JCI shares. ValuEngine cut shares of Johnson Controls International from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Zacks Investment Research cut shares of Johnson Controls International from a “buy” rating to a “sell” rating in a research report on Wednesday, April 11th. Royal Bank of Canada cut shares of Johnson Controls International from a “sector perform” rating to an “underperform” rating in a report on Thursday, April 5th. Robert W. Baird restated a “hold” rating and issued a $38.00 price target on shares of Johnson Controls International in a report on Thursday, April 19th. Finally, Wolfe Research started coverage on shares of Johnson Controls International in a report on Wednesday. They issued a “market perform” rating for the company. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $44.50.
In other Johnson Controls International news, insider Rodney M. Rushing sold 8,148 shares of the firm’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $36.55, for a total value of $297,809.40. Following the transaction, the insider now directly owns 31,999 shares of the company’s stock, valued at $1,169,563.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. bought a new position in shares of Johnson Controls International in the fourth quarter valued at $3,937,000. Pinebridge Investments L.P. bought a new position in shares of Johnson Controls International in the fourth quarter valued at $259,000. Geode Capital Management LLC lifted its stake in shares of Johnson Controls International by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 9,083,841 shares of the auto parts company’s stock valued at $345,403,000 after buying an additional 181,798 shares in the last quarter. Sasco Capital Inc. CT lifted its position in shares of Johnson Controls International by 3.9% during the fourth quarter. Sasco Capital Inc. CT now owns 2,737,556 shares of the auto parts company’s stock valued at $104,329,000 after purchasing an additional 101,749 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Johnson Controls International during the fourth quarter valued at about $46,142,000. 91.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of JCI traded up $0.16 during trading hours on Friday, hitting $33.45. 4,480,920 shares of the stock were exchanged, compared to its average volume of 4,239,713. Johnson Controls International has a fifty-two week low of $32.89 and a fifty-two week high of $44.37. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 0.50. The stock has a market cap of $30.98 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.08 and a beta of 0.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Monday, June 25th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, June 22nd. Johnson Controls International’s dividend payout ratio (DPR) is 40.00%.
About Johnson Controls International
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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