Analysts Anticipate Johnson Controls International PLC (JCI) to Announce $0.93 EPS

Analysts predict that Johnson Controls International PLC (NYSE:JCI) will post $0.93 earnings per share for the current quarter, according to Zacks. Five analysts have provided estimates for Johnson Controls International’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $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 firm is expected to announce its next earnings results on Thursday, November 8th.

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

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.02. The firm had revenue of $8.12 billion during 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%. Johnson Controls International’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS.

A number of brokerages recently weighed in on JCI. Citigroup increased 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 note on Thursday, August 2nd. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Tuesday, August 21st. Wolfe Research assumed coverage on shares of Johnson Controls International in a research report on Wednesday, June 27th. They set a “market perform” rating for the company. UBS Group cut their price objective on shares of Johnson Controls International from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, August 30th. Finally, TheStreet upgraded shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $41.57.

Shares of NYSE:JCI opened at $36.31 on Friday. The firm has a market cap of $32.37 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.85. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.48. Johnson Controls International has a 1-year low of $32.89 and a 1-year high of $42.60.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Monday, September 24th will be issued a $0.26 dividend. The ex-dividend date is Friday, September 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.86%. Johnson Controls International’s dividend payout ratio is presently 40.00%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Johnson Controls International by 0.3% in the 2nd quarter. BlackRock Inc. now owns 53,069,368 shares of the auto parts company’s stock valued at $1,775,171,000 after purchasing an additional 136,390 shares in the last quarter. Newport Trust Co purchased a new position in shares of Johnson Controls International in the 2nd quarter valued at about $316,198,000. Aristotle Capital Management LLC increased its holdings in shares of Johnson Controls International by 16.1% in the 1st quarter. Aristotle Capital Management LLC now owns 9,132,792 shares of the auto parts company’s stock valued at $321,840,000 after purchasing an additional 1,266,163 shares in the last quarter. Scopia Capital Management LP increased its holdings in shares of Johnson Controls International by 5.2% in the 1st quarter. Scopia Capital Management LP now owns 8,335,643 shares of the auto parts company’s stock valued at $293,748,000 after purchasing an additional 412,417 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Johnson Controls International by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,964,733 shares of the auto parts company’s stock valued at $166,061,000 after purchasing an additional 420,911 shares in the last quarter. Institutional investors and hedge funds own 92.89% 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. 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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