Equities research analysts predict that Johnson Controls International PLC (NYSE:JCI) will report $6.42 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Johnson Controls International’s earnings. The highest sales estimate is $6.47 billion and the lowest is $6.36 billion. Johnson Controls International posted sales of $8.37 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 23.3%. The firm is expected to announce its next earnings report on Thursday, November 14th.
On average, analysts expect that Johnson Controls International will report full year sales of $24.11 billion for the current fiscal year, with estimates ranging from $24.05 billion to $24.17 billion. For the next year, analysts forecast that the business will report sales of $25.07 billion, with estimates ranging from $24.84 billion to $25.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Johnson Controls International.
Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the business earned $0.81 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year.
Several equities analysts have recently issued reports on the company. Citigroup initiated coverage on Johnson Controls International in a report on Wednesday, June 5th. They issued a “buy” rating and a $45.00 target price for the company. Barclays assumed coverage on shares of Johnson Controls International in a research report on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 target price for the company. JPMorgan Chase & Co. upgraded shares of Johnson Controls International from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $31.00 to $35.00 in a research note on Monday, July 8th. ValuEngine downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Monday, July 1st. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $39.22.
In other news, VP Jeffrey M. Williams sold 70,762 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $41.59, for a total transaction of $2,942,991.58. Following the transaction, the vice president now directly owns 234,236 shares of the company’s stock, valued at approximately $9,741,875.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jeffrey M. Williams sold 37,986 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $44.29, for a total transaction of $1,682,399.94. Following the transaction, the vice president now directly owns 132,492 shares in the company, valued at $5,868,070.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 237,805 shares of company stock worth $10,135,630. Corporate insiders own 0.50% of the company’s stock.
Large investors have recently bought and sold shares of the company. Comerica Securities Inc. boosted its stake in shares of Johnson Controls International by 159.9% during the 4th quarter. Comerica Securities Inc. now owns 14,821 shares of the company’s stock worth $443,000 after purchasing an additional 9,119 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Johnson Controls International by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 11,409,138 shares of the company’s stock worth $337,655,000 after purchasing an additional 843,858 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Johnson Controls International by 39.6% during the 1st quarter. Janus Henderson Group PLC now owns 304,178 shares of the company’s stock worth $11,234,000 after purchasing an additional 86,349 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Johnson Controls International by 22.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 194,216 shares of the company’s stock worth $7,175,000 after purchasing an additional 35,013 shares during the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in shares of Johnson Controls International by 16.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,561 shares of the company’s stock worth $95,000 after purchasing an additional 370 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.
JCI remained flat at $$44.04 during midday trading on Thursday. The company’s stock had a trading volume of 3,505,238 shares, compared to its average volume of 4,311,870. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.41. The stock has a 50 day moving average of $42.19 and a two-hundred day moving average of $39.33. The company has a market cap of $35.25 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 2.36 and a beta of 0.93. Johnson Controls International has a 1 year low of $28.30 and a 1 year high of $44.50.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.36%. Johnson Controls International’s dividend payout ratio (DPR) is presently 36.75%.
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. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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