$0.76 EPS Expected for Johnson Controls International PLC (NYSE:JCI) This Quarter

Analysts expect that Johnson Controls International PLC (NYSE:JCI) will report earnings per share (EPS) of $0.76 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Johnson Controls International’s earnings. The lowest EPS estimate is $0.72 and the highest is $0.77. Johnson Controls International posted earnings of $0.93 per share in the same quarter last year, which would suggest a negative year over year growth rate of 18.3%. The firm is expected to issue its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Johnson Controls International will report full-year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $1.95. For the next financial year, analysts expect that the company will post earnings of $2.58 per share, with EPS estimates ranging from $2.52 to $2.72. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Johnson Controls International.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The firm had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.33 billion. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS.

JCI has been the topic of a number of recent research reports. Zacks Investment Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Monday, July 1st. ValuEngine downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup began coverage on shares of Johnson Controls International in a research note on Wednesday, June 5th. They issued a “buy” rating and a $45.00 target price on the stock. Barclays assumed coverage on shares of Johnson Controls International in a research note on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Johnson Controls International from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $31.00 to $35.00 in a research report on Monday, July 8th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Johnson Controls International has an average rating of “Hold” and an average price target of $39.22.

In related news, VP Jeffrey M. Williams sold 70,762 shares of Johnson Controls International stock in a transaction on Monday, July 1st. The shares were sold at an average price of $41.59, for a total value of $2,942,991.58. Following the transaction, the vice president now owns 234,236 shares in the company, valued at approximately $9,741,875.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 11,238 shares of Johnson Controls International stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $41.67, for a total value of $468,287.46. Following the completion of the transaction, the chief executive officer now directly owns 875,511 shares in the company, valued at $36,482,543.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 237,805 shares of company stock worth $10,135,630. 0.50% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC purchased a new stake in shares of Johnson Controls International during the second quarter valued at approximately $30,000. Kavar Capital Partners LLC purchased a new position in Johnson Controls International during the second quarter valued at approximately $32,000. Hudock Capital Group LLC lifted its position in shares of Johnson Controls International by 2,231.4% in the second quarter. Hudock Capital Group LLC now owns 816 shares of the company’s stock valued at $33,000 after acquiring an additional 781 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Johnson Controls International in the second quarter worth about $39,000. Finally, Trustcore Financial Services LLC raised its position in shares of Johnson Controls International by 227.3% during the 2nd quarter. Trustcore Financial Services LLC now owns 946 shares of the company’s stock valued at $39,000 after buying an additional 657 shares in the last quarter. 91.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:JCI traded up $0.19 during trading on Tuesday, hitting $43.90. 1,689,189 shares of the company were exchanged, compared to its average volume of 4,252,437. The company has a market cap of $35.04 billion, a PE ratio of 15.51, a P/E/G ratio of 2.34 and a beta of 0.93. The stock has a 50 day moving average of $42.36 and a 200 day moving average of $39.45. Johnson Controls International has a 52-week low of $28.30 and a 52-week high of $44.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.19.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.37%. Johnson Controls International’s payout ratio is 36.75%.

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

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