Johnson Controls International PLC (JCI) Updates FY18 Earnings Guidance
Johnson Controls International PLC (NYSE:JCI) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $2.75-2.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.94.
A number of research analysts recently issued reports on the company. Oppenheimer Holdings, Inc. lowered their target price on Johnson Controls International PLC from $50.00 to $45.00 and set an outperform rating on the stock in a report on Friday. Robert W. Baird dropped their price target on Johnson Controls International PLC from $50.00 to $48.00 and set an outperform rating on the stock in a research note on Friday. Vertical Group reissued a hold rating on shares of Johnson Controls International PLC in a research note on Friday. Vertical Research cut Johnson Controls International PLC from a buy rating to a hold rating in a research note on Friday. Finally, Cowen and Company reissued a buy rating and issued a $48.00 price target on shares of Johnson Controls International PLC in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Johnson Controls International PLC has an average rating of Hold and a consensus price target of $47.79.
Shares of Johnson Controls International PLC (NYSE:JCI) traded down $1.10 during trading on Friday, hitting $37.41. The stock had a trading volume of 3,922,036 shares, compared to its average volume of 5,001,402. The firm has a market cap of $38,228.35, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.05 and a beta of 0.94. The company has a current ratio of 1.21, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. Johnson Controls International PLC has a fifty-two week low of $36.48 and a fifty-two week high of $46.17.
Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.87. The business had revenue of $8.14 billion during the quarter, compared to analyst estimates of $8.10 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The firm’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 EPS. equities research analysts predict that Johnson Controls International PLC will post 2.61 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, September 25th were issued a $0.25 dividend. The ex-dividend date was Friday, September 22nd. This represents a $1.00 annualized dividend and a yield of 2.67%. Johnson Controls International PLC’s dividend payout ratio (DPR) is currently -196.08%.
In related news, VP Jeffrey M. Williams sold 1,955 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total value of $80,995.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is currently owned by insiders.
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About Johnson Controls International PLC
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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