Analysts expect Johnson Controls International PLC (NYSE:JCI) to report earnings per share of $0.63 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Johnson Controls International’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.61. Johnson Controls International reported earnings of $0.81 per share in the same quarter last year, which would indicate a negative year over year growth rate of 22.2%. The business is expected to announce its next earnings results before the market opens on Wednesday, July 31st.
According to Zacks, analysts expect that Johnson Controls International will report full year earnings of $1.91 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.95. For the next financial year, analysts forecast that the firm will report earnings of $2.56 per share, with EPS estimates ranging from $2.45 to $2.71. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Johnson Controls International.
Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Johnson Controls International had a return on equity of 9.85% and a net margin of 8.52%. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.79 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis.
A number of equities research analysts have weighed in on the company. Barclays lowered Axel Springer from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 12th. Zacks Investment Research cut First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Citigroup reduced their price objective on Tremont Mortgage Trust from $9.50 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. Finally, TheStreet cut Trade Desk from a “b-” rating to a “c-” rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $38.82.
Shares of NYSE:JCI traded up $0.08 during midday trading on Friday, reaching $41.20. 2,874,500 shares of the company’s stock traded hands, compared to its average volume of 5,950,406. Johnson Controls International has a 1 year low of $28.30 and a 1 year high of $42.18. The stock has a market cap of $37.18 billion, a P/E ratio of 14.56, a P/E/G ratio of 2.24 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 0.95. The company has a fifty day simple moving average of $40.75.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, June 24th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Friday, June 21st. Johnson Controls International’s payout ratio is currently 36.75%.
In related news, CEO George Oliver sold 11,425 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $39.53, for a total value of $451,630.25. Following the completion of the sale, the chief executive officer now owns 865,142 shares in the company, valued at approximately $34,199,063.26. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jeffrey M. Williams sold 4,166 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $39.50, for a total value of $164,557.00. Following the transaction, the vice president now owns 194,406 shares of the company’s stock, valued at approximately $7,679,037. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,718 shares of company stock worth $11,171,350. Company insiders own 0.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of JCI. Deprince Race & Zollo Inc. lifted its position in Johnson Controls International by 1.2% during the fourth quarter. Deprince Race & Zollo Inc. now owns 678,559 shares of the company’s stock worth $20,119,000 after acquiring an additional 8,330 shares during the last quarter. Comerica Securities Inc. lifted its holdings in Johnson Controls International by 159.9% in the fourth quarter. Comerica Securities Inc. now owns 14,821 shares of the company’s stock valued at $443,000 after buying an additional 9,119 shares during the period. Dimensional Fund Advisors LP increased its stake in Johnson Controls International by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,279,025 shares of the company’s stock valued at $186,188,000 after purchasing an additional 678,935 shares in the last quarter. Geode Capital Management LLC increased its stake in Johnson Controls International by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 11,409,138 shares of the company’s stock valued at $337,655,000 after purchasing an additional 843,858 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in Johnson Controls International in the fourth quarter valued at $393,000. Institutional investors own 90.97% of the company’s stock.
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. 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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