Analysts Expect Johnson Controls International plc (NYSE:JCI) to Post $0.49 EPS


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Equities research analysts predict that Johnson Controls International plc (NYSE:JCI) will post $0.49 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Johnson Controls International’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.46. Johnson Controls International reported earnings per share of $0.42 in the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The company is expected to issue its next earnings report before the market opens on Friday, May 7th.

On average, analysts expect that Johnson Controls International will report full-year earnings of $2.57 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.64. For the next financial year, analysts anticipate that the firm will post earnings of $3.00 per share, with EPS estimates ranging from $2.85 to $3.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Johnson Controls International.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Thursday, January 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Johnson Controls International had a return on equity of 8.72% and a net margin of 2.83%. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.27 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis.

Several equities analysts have weighed in on JCI shares. Barclays raised their target price on Johnson Controls International from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, April 6th. HSBC lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a report on Monday, January 11th. Morgan Stanley upgraded Johnson Controls International from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $73.00 in a report on Monday, March 29th. Robert W. Baird lifted their price objective on Johnson Controls International from $56.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 13th. Finally, Credit Suisse Group lifted their price objective on Johnson Controls International from $55.00 to $60.00 in a research note on Thursday, February 18th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Johnson Controls International has an average rating of “Buy” and a consensus target price of $51.26.

NYSE JCI traded down $0.17 during trading on Monday, hitting $62.32. 2,370,668 shares of the company traded hands, compared to its average volume of 4,492,610. Johnson Controls International has a 12 month low of $26.23 and a 12 month high of $62.85. The business has a fifty day simple moving average of $60.27 and a 200 day simple moving average of $50.60. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $44.84 billion, a P/E ratio of 73.32, a PEG ratio of 2.64 and a beta of 1.00.

Johnson Controls International declared that its board has initiated a stock repurchase program on Thursday, March 11th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 16th. Shareholders of record on Monday, March 22nd were paid a dividend of $0.27 per share. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Friday, March 19th. Johnson Controls International’s dividend payout ratio is currently 48.21%.

In other news, VP Robert M. Vanhimbergen sold 13,500 shares of the firm’s stock in a transaction on Wednesday, March 3rd. The stock was sold at an average price of $57.67, for a total value of $778,545.00. Following the completion of the sale, the vice president now directly owns 46,923 shares in the company, valued at $2,706,049.41. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Sreeganesh Ramaswamy sold 5,000 shares of the firm’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $56.09, for a total value of $280,450.00. Following the completion of the sale, the vice president now owns 61,864 shares of the company’s stock, valued at $3,469,951.76. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Several large investors have recently made changes to their positions in JCI. Federated Hermes Inc. increased its stake in shares of Johnson Controls International by 100.9% in the third quarter. Federated Hermes Inc. now owns 7,581 shares of the company’s stock valued at $310,000 after buying an additional 3,808 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Johnson Controls International in the third quarter valued at about $50,000. Schonfeld Strategic Advisors LLC boosted its holdings in Johnson Controls International by 2,452.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,092,146 shares of the company’s stock valued at $44,614,000 after acquiring an additional 1,049,354 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in Johnson Controls International in the third quarter valued at about $323,000. Finally, Paces Ferry Wealth Advisors LLC bought a new position in Johnson Controls International in the third quarter valued at about $197,000. Institutional investors own 89.61% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. It operates through Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products segments. The company designs, sells, installs, and services heating, ventilating, air conditioning, controls, refrigeration, integrated electronic security, 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, as well as data-driven smart building solutions to non-residential building and industrial applications.

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