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

Brokerages expect Johnson Controls International PLC (NYSE:JCI) to post $0.93 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Johnson Controls International’s earnings, with estimates ranging from $0.92 to $0.95. Johnson Controls International posted earnings per share of $0.87 during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The company is expected to report its next quarterly earnings results 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 fiscal year, analysts anticipate that the company will report earnings of $3.02 per share, with EPS estimates ranging from $2.90 to $3.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Johnson Controls International.

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

Several brokerages recently weighed in on JCI. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, June 12th. Royal Bank of Canada restated a “sell” rating and issued a $34.00 price target on shares of Johnson Controls International in a research report on Wednesday, August 1st. UBS Group cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $44.00 to $40.00 in a research report on Tuesday, September 11th. Citigroup boosted their price target on shares of Johnson Controls International from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, JPMorgan Chase & Co. cut shares of Johnson Controls International from a “neutral” rating to an “underweight” rating and set a $44.00 price target on the stock. in a research report on Friday. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $41.85.

A number of hedge funds have recently bought and sold shares of the business. Royal London Asset Management Ltd. bought a new position in Johnson Controls International during the second quarter valued at $12,990,000. Harrington Investments INC bought a new position in Johnson Controls International during the second quarter valued at $685,000. HM Payson & Co. bought a new position in Johnson Controls International during the second quarter valued at $842,000. City Holding Co. bought a new position in Johnson Controls International during the second quarter valued at $721,000. Finally, WINTON GROUP Ltd bought a new position in Johnson Controls International during the second quarter valued at $4,999,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

JCI traded down $0.15 during trading hours on Tuesday, hitting $36.96. The company’s stock had a trading volume of 8,920,890 shares, compared to its average volume of 5,134,493. Johnson Controls International has a 12 month low of $32.89 and a 12 month high of $42.60. The stock has a market capitalization of $34.19 billion, a PE ratio of 13.44, a P/E/G ratio of 1.20 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.10.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Monday, September 24th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, September 21st. Johnson Controls International’s dividend payout ratio is presently 40.00%.

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. 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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