Analysts Expect Johnson Controls International plc (NYSE:JCI) Will Announce Earnings of $0.86 Per Share

Equities research analysts expect Johnson Controls International plc (NYSE:JCIGet Rating) to post $0.86 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Johnson Controls International’s earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.88. Johnson Controls International reported earnings per share of $0.83 in the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Johnson Controls International will report full year earnings of $3.00 per share for the current financial year, with EPS estimates ranging from $2.95 to $3.02. For the next year, analysts forecast that the firm will post earnings of $3.70 per share, with EPS estimates ranging from $3.48 to $3.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Johnson Controls International.

Johnson Controls International (NYSE:JCIGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.16 billion. Johnson Controls International had a return on equity of 11.10% and a net margin of 5.00%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS.

JCI has been the topic of several recent research reports. Cowen decreased their price objective on Johnson Controls International from $86.00 to $70.00 in a report on Thursday, May 5th. Wells Fargo & Company decreased their price objective on Johnson Controls International from $91.00 to $83.00 in a report on Thursday, February 3rd. Cowen decreased their price objective on Johnson Controls International from $86.00 to $70.00 in a report on Thursday, May 5th. Mizuho decreased their price objective on Johnson Controls International from $88.00 to $68.00 in a report on Thursday, May 5th. Finally, TheStreet lowered Johnson Controls International from a “b” rating to a “c+” rating in a report on Wednesday, May 4th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $74.73.

Shares of NYSE:JCI traded up $1.20 during trading on Monday, hitting $52.21. 3,768,841 shares of the stock were exchanged, compared to its average volume of 5,663,152. Johnson Controls International has a 1-year low of $49.42 and a 1-year high of $81.77. The company has a market capitalization of $36.32 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.14. The company’s fifty day simple moving average is $61.93 and its 200-day simple moving average is $69.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.78 and a current ratio of 1.00.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Monday, March 21st were paid a $0.35 dividend. The ex-dividend date was Friday, March 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.68%. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.34. Johnson Controls International’s payout ratio is currently 80.46%.

In other Johnson Controls International news, VP Robert M. Vanhimbergen sold 5,683 shares of the business’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $64.44, for a total value of $366,212.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.76% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. RFG Advisory LLC raised its position in shares of Johnson Controls International by 3.2% during the fourth quarter. RFG Advisory LLC now owns 9,266 shares of the company’s stock worth $753,000 after acquiring an additional 285 shares during the last quarter. Fifth Third Bancorp increased its holdings in Johnson Controls International by 12.4% in the fourth quarter. Fifth Third Bancorp now owns 17,510 shares of the company’s stock valued at $1,424,000 after purchasing an additional 1,938 shares during the last quarter. Yousif Capital Management LLC bought a new stake in Johnson Controls International in the fourth quarter valued at about $9,479,000. Profund Advisors LLC increased its holdings in Johnson Controls International by 6.3% in the fourth quarter. Profund Advisors LLC now owns 10,258 shares of the company’s stock valued at $834,000 after purchasing an additional 609 shares during the last quarter. Finally, Xponance Inc. increased its holdings in Johnson Controls International by 30.8% in the fourth quarter. Xponance Inc. now owns 47,292 shares of the company’s stock valued at $3,845,000 after purchasing an additional 11,137 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

Johnson Controls International Company Profile (Get Rating)

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.

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

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