Johnson Controls International (JCI) Releases FY19 Earnings Guidance

Johnson Controls International (NYSE:JCI) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.90-3.05 for the period, compared to the Thomson Reuters consensus estimate of $3.03. Johnson Controls International also updated its FY 2019 guidance to $2.90-3.05 EPS.

NYSE:JCI opened at $34.35 on Friday. Johnson Controls International has a 52-week low of $30.60 and a 52-week high of $41.53. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The stock has a market cap of $30.89 billion, a PE ratio of 12.15, a P/E/G ratio of 1.01 and a beta of 0.87.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Thursday, November 8th. The auto parts company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. Johnson Controls International had a net margin of 7.27% and a return on equity of 11.84%. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.28 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, research analysts expect that Johnson Controls International will post 2.97 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Monday, September 24th were given a dividend of $0.26 per share. The ex-dividend date was Friday, September 21st. This represents a $1.04 annualized dividend and a dividend yield of 3.03%.

A number of equities analysts have commented on the stock. Wells Fargo & Co reduced their price target on shares of Johnson Controls International from $41.00 to $38.00 and set a market perform rating on the stock in a research report on Friday, September 28th. Morgan Stanley assumed coverage on shares of Johnson Controls International in a research report on Monday, August 20th. They issued an equal weight rating and a $40.00 price target on the stock. Zacks Investment Research lowered shares of Johnson Controls International from a buy rating to a hold rating in a research report on Monday, July 16th. JPMorgan Chase & Co. lowered shares of Johnson Controls International from a neutral rating to an underweight rating and set a $44.00 price target on the stock. in a research report on Friday, September 21st. Finally, Royal Bank of Canada reaffirmed a sell rating and issued a $31.00 target price on shares of Johnson Controls International in a research note on Friday, July 13th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $40.29.

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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. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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

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