Johnson Controls International (NYSE:JCI) announced its quarterly earnings results on Thursday. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02, Briefing.com reports. The business had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 EPS. Johnson Controls International updated its FY20 guidance to $2.50-2.60 EPS.
Shares of NYSE:JCI traded up $0.23 on Friday, hitting $42.52. The company had a trading volume of 4,832,903 shares, compared to its average volume of 5,578,074. The firm’s 50-day simple moving average is $42.94 and its two-hundred day simple moving average is $41.26. Johnson Controls International has a 1 year low of $28.30 and a 1 year high of $44.82. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $34.92 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 1.77 and a beta of 0.94.
Several brokerages have weighed in on JCI. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Credit Suisse Group increased their price target on shares of Johnson Controls International from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday. Argus increased their price target on shares of Johnson Controls International from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday. Finally, ValuEngine cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $41.78.
In other news, CEO George Oliver sold 21,807 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $43.89, for a total value of $957,109.23. Also, Director Gretchen R. Haggerty bought 6,220 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $41.40 per share, with a total value of $257,508.00. Following the completion of the transaction, the director now owns 12,860 shares in the company, valued at approximately $532,404. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 177,702 shares of company stock valued at $7,716,908. Corporate insiders own 0.50% of the company’s stock.
About Johnson Controls International
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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