Analysts expect that Johnson Controls International PLC (NYSE:JCI) will post $6.42 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Johnson Controls International’s earnings, with the highest sales estimate coming in at $6.49 billion and the lowest estimate coming in at $6.35 billion. Johnson Controls International posted sales of $8.12 billion during the same quarter last year, which would indicate a negative year over year growth rate of 20.9%. The business is scheduled to report its next quarterly earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Johnson Controls International will report full year sales of $24.02 billion for the current year, with estimates ranging from $23.90 billion to $24.12 billion. For the next financial year, analysts forecast that the business will report sales of $24.85 billion, with estimates ranging from $24.62 billion to $25.09 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Johnson Controls International.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The business had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.79 billion. Johnson Controls International had a return on equity of 9.85% and a net margin of 8.52%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share.

A number of analysts have recently commented on the company. Barclays assumed coverage on Johnson Controls International in a research report on Wednesday. They issued an “equal weight” rating and a $39.00 price objective for the company. Citigroup assumed coverage on Johnson Controls International in a research report on Wednesday, June 5th. They issued a “buy” rating and a $45.00 price objective for the company. Zacks Investment Research cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Credit Suisse Group assumed coverage on Johnson Controls International in a research report on Monday, May 13th. They issued a “neutral” rating and a $42.00 price objective for the company. Finally, TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.64.

Johnson Controls International stock opened at $39.53 on Thursday. The company has a market capitalization of $35.23 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 2.10 and a beta of 0.93. Johnson Controls International has a 12 month low of $28.30 and a 12 month high of $40.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.80.

Johnson Controls International announced that its Board of Directors has approved a stock buyback program on Thursday, March 7th that permits the company to buyback $8.50 billion in shares. This buyback authorization permits the company to purchase up to 26% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Monday, June 24th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.63%. Johnson Controls International’s payout ratio is 36.75%.

In related news, VP Brian J. Stief sold 126,158 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $39.09, for a total transaction of $4,931,516.22. Following the completion of the sale, the vice president now directly owns 154,860 shares in the company, valued at $6,053,477.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey M. Williams sold 4,166 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $39.50, for a total value of $164,557.00. Following the sale, the vice president now owns 194,406 shares of the company’s stock, valued at $7,679,037. The disclosure for this sale can be found here. Insiders have sold 186,865 shares of company stock valued at $7,308,261 over the last quarter. 0.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas grew its holdings in Johnson Controls International by 68.4% in the 1st quarter. Teacher Retirement System of Texas now owns 1,011,447 shares of the company’s stock valued at $37,363,000 after buying an additional 410,863 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in Johnson Controls International in the 4th quarter valued at $1,192,000. Citizens Financial Group Inc RI grew its holdings in Johnson Controls International by 18.8% in the 4th quarter. Citizens Financial Group Inc RI now owns 2,349 shares of the company’s stock valued at $70,000 after buying an additional 372 shares in the last quarter. Trillium Asset Management LLC grew its holdings in Johnson Controls International by 6.6% in the 1st quarter. Trillium Asset Management LLC now owns 159,591 shares of the company’s stock valued at $5,895,000 after buying an additional 9,863 shares in the last quarter. Finally, Eaton Vance Management grew its holdings in Johnson Controls International by 6.9% in the 4th quarter. Eaton Vance Management now owns 358,045 shares of the company’s stock valued at $10,616,000 after buying an additional 23,103 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

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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