Johnson Controls International PLC (NYSE:JCI) Expected to Announce Earnings of $0.72 Per Share

Equities research analysts expect that Johnson Controls International PLC (NYSE:JCI) will post earnings per share of $0.72 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Johnson Controls International PLC’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.71. Johnson Controls International PLC posted earnings of $0.57 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 26.3%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that Johnson Controls International PLC will report full-year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.61 to $2.66. For the next financial year, analysts expect that the company will report earnings of $3.03 per share, with EPS estimates ranging from $2.96 to $3.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Johnson Controls International PLC.

Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings data on Thursday, April 27th. The auto parts company reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. The firm had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7.09 billion. Johnson Controls International PLC had a positive return on equity of 11.97% and a negative net margin of 1.69%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS.

Several research analysts have recently issued reports on JCI shares. Wolfe Research started coverage on shares of Johnson Controls International PLC in a report on Tuesday, July 11th. They set a “market perform” rating for the company. ValuEngine downgraded shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. HSBC Holdings plc assumed coverage on shares of Johnson Controls International PLC in a report on Friday, March 31st. They set a “buy” rating and a $50.00 price target for the company. JMP Securities assumed coverage on Johnson Controls International PLC in a report on Monday, June 19th. They issued an “outperform” rating and a $54.00 price objective for the company. Finally, Zacks Investment Research downgraded Johnson Controls International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $50.82.

Shares of Johnson Controls International PLC (NYSE JCI) traded up 0.18% on Thursday, reaching $44.19. The company’s stock had a trading volume of 3,006,415 shares. The company’s market cap is $41.45 billion. Johnson Controls International PLC has a 52-week low of $39.16 and a 52-week high of $50.65. The firm has a 50 day moving average of $42.60 and a 200 day moving average of $42.21.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Wednesday, June 28th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -194.70%.

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In other news, CEO Alex A. Molinaroli sold 6,335 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $41.96, for a total transaction of $265,816.60. Following the transaction, the chief executive officer now owns 1,296,407 shares of the company’s stock, valued at approximately $54,397,237.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Park National Corp OH boosted its position in Johnson Controls International PLC by 5.0% in the first quarter. Park National Corp OH now owns 383,724 shares of the auto parts company’s stock worth $16,162,000 after buying an additional 18,215 shares during the period. Catawba Capital Management VA boosted its position in shares of Johnson Controls International PLC by 1.3% in the first quarter. Catawba Capital Management VA now owns 60,828 shares of the auto parts company’s stock valued at $2,562,000 after buying an additional 765 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of Johnson Controls International PLC by 5.3% in the first quarter. Raymond James Trust N.A. now owns 37,268 shares of the auto parts company’s stock valued at $1,569,000 after buying an additional 1,876 shares during the last quarter. Douglass Winthrop Advisors LLC acquired a new position in shares of Johnson Controls International PLC during the first quarter valued at $1,152,000. Finally, Burke & Herbert Bank & Trust Co. boosted its position in shares of Johnson Controls International PLC by 9.6% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 6,925 shares of the auto parts company’s stock valued at $292,000 after buying an additional 606 shares during the last quarter. 84.14% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Johnson Controls International PLC (NYSE:JCI)

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