Zacks: Analysts Expect Johnson Controls International plc (NYSE:JCI) Will Post Earnings of $0.88 Per Share

Analysts predict that Johnson Controls International plc (NYSE:JCI) will post $0.88 earnings per share for the current quarter, according to Zacks. Five analysts have provided estimates for Johnson Controls International’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $0.92. Johnson Controls International posted earnings per share of $0.76 during the same quarter last year, which indicates a positive year-over-year growth rate of 15.8%. The firm is expected to announce its next earnings results on Tuesday, November 2nd.

According to Zacks, analysts expect that Johnson Controls International will report full year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.64 to $2.70. For the next fiscal year, analysts expect that the firm will report earnings of $3.30 per share, with EPS estimates ranging from $3.20 to $3.45. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Johnson Controls International.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 29th. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.27 billion. Johnson Controls International had a return on equity of 9.79% and a net margin of 7.79%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS.

A number of research firms recently weighed in on JCI. Royal Bank of Canada upped their price target on Johnson Controls International from $70.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 9th. Morgan Stanley upped their target price on Johnson Controls International from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday, September 9th. Credit Suisse Group increased their target price on Johnson Controls International from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Johnson Controls International from $78.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, September 9th. Finally, JPMorgan Chase & Co. upgraded Johnson Controls International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $50.00 to $75.00 in a research report on Tuesday, June 8th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International currently has an average rating of “Buy” and a consensus price target of $70.50.

In other Johnson Controls International news, CEO George Oliver sold 176,754 shares of the firm’s stock in a transaction on Tuesday, July 6th. The shares were sold at an average price of $68.17, for a total value of $12,049,320.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.76% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Johnson Controls International by 1.9% during the first quarter. BlackRock Inc. now owns 55,061,477 shares of the company’s stock valued at $3,285,518,000 after buying an additional 1,033,061 shares during the period. Massachusetts Financial Services Co. MA grew its position in Johnson Controls International by 10.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 33,597,739 shares of the company’s stock valued at $2,305,812,000 after buying an additional 3,301,697 shares during the period. State Street Corp grew its position in Johnson Controls International by 0.7% during the second quarter. State Street Corp now owns 32,400,815 shares of the company’s stock valued at $2,232,343,000 after buying an additional 227,161 shares during the period. Geode Capital Management LLC grew its position in Johnson Controls International by 3.8% during the first quarter. Geode Capital Management LLC now owns 12,639,549 shares of the company’s stock valued at $752,252,000 after buying an additional 467,426 shares during the period. Finally, Putnam Investments LLC grew its position in shares of Johnson Controls International by 22.9% in the second quarter. Putnam Investments LLC now owns 10,046,735 shares of the company’s stock valued at $689,508,000 after purchasing an additional 1,870,260 shares during the period. Institutional investors own 88.80% of the company’s stock.

Shares of NYSE JCI traded up $0.46 during trading on Friday, reaching $74.83. The company had a trading volume of 14,449 shares, compared to its average volume of 4,193,646. The stock has a market cap of $53.30 billion, a P/E ratio of 29.75, a PEG ratio of 3.53 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average price is $72.39 and its 200-day moving average price is $66.62. Johnson Controls International has a 12 month low of $39.79 and a 12 month high of $76.83.

Johnson Controls International Company Profile

Johnson Controls International Plc engages in the provision of buildings products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.

Further Reading: Commodities

Get a free copy of the Zacks research report on Johnson Controls International (JCI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Johnson Controls International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International and related companies with MarketBeat.com's FREE daily email newsletter.