Johnson Controls International (NYSE:JCI) Issues Q3 Earnings Guidance

Johnson Controls International (NYSE:JCI) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.05-$1.10 for the period, compared to the consensus estimate of $1.21. Johnson Controls International also updated its FY 2024 guidance to 3.600-3.750 EPS.

Analyst Ratings Changes

JCI has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a hold rating and set a $60.00 price objective (down previously from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Royal Bank of Canada decreased their price objective on Johnson Controls International from $50.00 to $48.00 and set an underperform rating on the stock in a report on Wednesday, January 31st. Citigroup lifted their price objective on Johnson Controls International from $59.00 to $68.00 and gave the company a neutral rating in a research report on Monday, April 8th. HSBC cut Johnson Controls International from a buy rating to a hold rating and set a $60.00 target price for the company. in a research note on Wednesday, January 31st. Finally, StockNews.com cut shares of Johnson Controls International from a buy rating to a hold rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of Hold and an average target price of $64.25.

Johnson Controls International Stock Up 2.7 %

NYSE:JCI traded up $1.63 during trading hours on Friday, reaching $62.38. 7,096,178 shares of the stock were exchanged, compared to its average volume of 4,978,445. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.73. Johnson Controls International has a twelve month low of $47.90 and a twelve month high of $70.43. The stock has a market cap of $42.02 billion, a PE ratio of 25.26, a PEG ratio of 1.55 and a beta of 1.23. The firm has a 50 day moving average of $63.31 and a 200 day moving average of $57.22.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities analysts expect that Johnson Controls International will post 3.61 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.37%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.