Johnson Controls International PLC (JCI) Releases FY18 Earnings Guidance
Johnson Controls International PLC (NYSE:JCI) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.75-2.85 for the period, compared to the Thomson Reuters consensus estimate of $2.94.
A number of brokerages recently issued reports on JCI. Citigroup Inc. reissued a buy rating and issued a $50.00 price objective (up from $47.00) on shares of Johnson Controls International PLC in a report on Monday, October 9th. Cowen and Company reaffirmed an outperform rating and set a $48.00 price target on shares of Johnson Controls International PLC in a research note on Monday, August 21st. Zacks Investment Research raised Johnson Controls International PLC from a sell rating to a hold rating in a research note on Tuesday, September 5th. Robert W. Baird decreased their price target on Johnson Controls International PLC from $50.00 to $48.00 and set an outperform rating for the company in a research note on Friday. Finally, Oppenheimer Holdings, Inc. reaffirmed a buy rating and set a $45.00 price target (down from $50.00) on shares of Johnson Controls International PLC in a research note on Friday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. Johnson Controls International PLC has a consensus rating of Hold and a consensus price target of $47.79.
Shares of Johnson Controls International PLC (NYSE:JCI) opened at $36.93 on Friday. The stock has a market capitalization of $35,906.68, a price-to-earnings ratio of 14.76, a PEG ratio of 1.04 and a beta of 0.94. Johnson Controls International PLC has a 1-year low of $36.48 and a 1-year high of $46.17. The company has a quick ratio of 0.92, a current ratio of 1.04 and a debt-to-equity ratio of 0.56.
Johnson Controls International PLC (NYSE:JCI) last released its earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.87. The company had revenue of $8.14 billion during the quarter, compared to analyst estimates of $8.10 billion. Johnson Controls International PLC had a return on equity of 11.91% and a net margin of 6.32%. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.21 earnings per share. sell-side analysts expect that Johnson Controls International PLC will post 2.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.71%. Johnson Controls International PLC’s payout ratio is currently 49.26%.
In other news, VP Jeffrey M. Williams sold 1,955 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total value of $80,995.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.
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Johnson Controls International PLC Company Profile
Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.
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