Brokerages Expect Johnson Controls International PLC (JCI) Will Post Earnings of $0.93 Per Share

Equities analysts expect that Johnson Controls International PLC (NYSE:JCI) will report $0.93 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Johnson Controls International’s earnings, with estimates ranging from $0.92 to $0.95. Johnson Controls International reported earnings of $0.87 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 8th.

On average, analysts expect that Johnson Controls International will report full year earnings of $2.81 per share for the current year, with EPS estimates ranging from $2.79 to $2.83. For the next year, analysts expect that the company will report earnings of $3.02 per share, with EPS estimates ranging from $2.90 to $3.10. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Johnson Controls International.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. The firm had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $7.96 billion. Johnson Controls International had a net margin of 7.27% and a return on equity of 11.84%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share.

A number of research analysts recently weighed in on the stock. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Citigroup raised their target price on shares of Johnson Controls International from $45.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. Zacks Investment Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Tuesday, June 12th. Finally, UBS Group cut their target price on shares of Johnson Controls International from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, August 30th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.85.

Shares of Johnson Controls International stock traded down $0.46 on Tuesday, hitting $35.78. 4,746,100 shares of the company traded hands, compared to its average volume of 5,152,495. The stock has a market cap of $34.19 billion, a P/E ratio of 13.76, a PEG ratio of 1.20 and a beta of 0.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.79. Johnson Controls International has a 52 week low of $32.89 and a 52 week high of $42.60.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Monday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, September 21st. Johnson Controls International’s payout ratio is 40.00%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. First PREMIER Bank purchased a new position in Johnson Controls International during the second quarter worth $118,000. Resources Investment Advisors Inc. boosted its stake in Johnson Controls International by 132.4% during the first quarter. Resources Investment Advisors Inc. now owns 3,681 shares of the auto parts company’s stock worth $129,000 after buying an additional 2,097 shares during the period. FTB Advisors Inc. purchased a new position in Johnson Controls International during the second quarter worth $138,000. Well Done LLC purchased a new position in Johnson Controls International during the first quarter worth $156,000. Finally, Point72 Hong Kong Ltd purchased a new position in Johnson Controls International during the second quarter worth $156,000. 92.85% of the stock is owned by institutional investors.

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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