Johnson Controls International (NYSE:JCI) Issues Q3 2024 Earnings Guidance

Johnson Controls International (NYSE:JCI) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.050-1.100 for the period, compared to the consensus EPS estimate of 1.120. The company issued revenue guidance of -. Johnson Controls International also updated its FY 2024 guidance to 3.600-3.750 EPS.

Johnson Controls International Price Performance

Shares of NYSE:JCI traded up $1.63 during trading on Friday, hitting $62.38. 7,096,178 shares of the company were exchanged, compared to its average volume of 4,978,445. The business’s 50 day moving average is $63.31 and its 200-day moving average is $57.22. The company has a market capitalization of $42.02 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. Johnson Controls International has a 1-year low of $47.90 and a 1-year high of $70.43.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the prior year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities analysts forecast that Johnson Controls International will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a dividend yield of 2.37%. Johnson Controls International’s dividend payout ratio is 59.92%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JCI. Mizuho cut shares of Johnson Controls International from a buy rating to a neutral rating and set a $62.00 price objective on the stock. in a research note on Friday, February 23rd. Citigroup boosted their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a neutral rating in a research note on Monday, April 8th. StockNews.com cut shares of Johnson Controls International from a buy rating to a hold rating in a research report on Thursday, January 25th. Barclays cut their price target on shares of Johnson Controls International from $61.00 to $59.00 and set an equal weight rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $64.25.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.