Brokerages Anticipate Johnson Controls International PLC (JCI) to Post $0.93 EPS

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Wall Street analysts expect Johnson Controls International PLC (NYSE:JCI) to announce earnings of $0.93 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Johnson Controls International’s earnings. The lowest EPS estimate is $0.92 and the highest is $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 business is expected to issue its next earnings report 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 expect that the business will report earnings of $3.03 per share, with EPS estimates ranging from $2.95 to $3.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Johnson Controls International.

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

JCI has been the topic of several analyst reports. Barclays lifted their target price on shares of Johnson Controls International from $38.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, August 1st. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. Zacks Investment Research downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Finally, Morgan Stanley initiated coverage on shares of Johnson Controls International in a report on Monday, August 20th. They issued an “equal weight” rating and a $40.00 target price on the stock. Three 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 presently has an average rating of “Hold” and a consensus target price of $41.67.

Shares of NYSE:JCI opened at $37.37 on Tuesday. The stock has a market capitalization of $34.22 billion, a PE ratio of 13.45, a PEG ratio of 1.20 and a beta of 0.85. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. Johnson Controls International has a fifty-two week low of $32.89 and a fifty-two week high of $42.60.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Monday, September 24th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is 40.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal London Asset Management Ltd. acquired a new stake in shares of Johnson Controls International in the second quarter valued at about $12,990,000. Harrington Investments INC acquired a new position in Johnson Controls International during the second quarter worth about $685,000. HM Payson & Co. acquired a new position in Johnson Controls International during the second quarter worth about $842,000. City Holding Co. acquired a new position in Johnson Controls International during the second quarter worth about $721,000. Finally, WINTON GROUP Ltd acquired a new position in Johnson Controls International during the second quarter worth about $4,999,000. Hedge funds and other institutional investors own 92.85% 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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