Zacks: Analysts Expect Johnson Controls International PLC (NYSE:JCI) Will Announce Earnings of $0.71 Per Share

Equities research analysts expect that Johnson Controls International PLC (NYSE:JCI) will announce earnings of $0.71 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Johnson Controls International PLC’s earnings, with estimates ranging from $0.69 to $0.73. 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 24.6%. The firm is scheduled to report its next earnings report before the market opens on Thursday, July 27th.

On average, analysts expect that Johnson Controls International PLC will report full-year earnings of $2.63 per share for the current year, with EPS estimates ranging from $2.60 to $2.66. For the next year, analysts anticipate that the firm will post earnings of $3.02 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 research firms that follow Johnson Controls International PLC.

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

JCI has been the subject of a number of recent research reports. HSBC Holdings plc initiated coverage on shares of Johnson Controls International PLC in a report on Friday, March 31st. They issued a “buy” rating and a $50.00 target price for the company. Zacks Investment Research upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. ValuEngine downgraded shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Cowen and Company restated an “outperform” rating and set a $52.00 price objective on shares of Johnson Controls International PLC in a report on Friday, May 19th. Finally, Morgan Stanley restated an “overweight” rating and set a $51.00 price objective (up previously from $50.00) on shares of Johnson Controls International PLC in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Johnson Controls International PLC has an average rating of “Buy” and a consensus price target of $50.82.

Shares of Johnson Controls International PLC (JCI) traded up 0.45% during mid-day trading on Thursday, hitting $44.20. 3,343,521 shares of the stock were exchanged. The stock’s 50 day moving average is $42.70 and its 200-day moving average is $42.24. Johnson Controls International PLC has a 12 month low of $39.16 and a 12 month high of $50.65. The stock’s market cap is $41.46 billion.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Wednesday, June 28th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 26th. This represents a $1.00 annualized dividend and a yield of 2.27%. Johnson Controls International PLC’s dividend payout ratio is presently -194.70%.

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In other Johnson Controls International PLC news, CEO Alex A. Molinaroli sold 6,335 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $41.96, for a total value of $265,816.60. Following the sale, the chief executive officer now owns 1,296,407 shares in the company, valued at approximately $54,397,237.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC raised its position in shares of Johnson Controls International PLC by 20.1% in the first quarter. Lazard Asset Management LLC now owns 11,231,816 shares of the auto parts company’s stock worth $473,083,000 after buying an additional 1,883,034 shares during the period. OppenheimerFunds Inc. raised its position in shares of Johnson Controls International PLC by 31.3% in the first quarter. OppenheimerFunds Inc. now owns 11,209,265 shares of the auto parts company’s stock worth $472,135,000 after buying an additional 2,670,778 shares during the period. Bank of New York Mellon Corp raised its position in shares of Johnson Controls International PLC by 19.2% in the first quarter. Bank of New York Mellon Corp now owns 9,214,364 shares of the auto parts company’s stock worth $388,108,000 after buying an additional 1,483,178 shares during the period. Geode Capital Management LLC raised its position in shares of Johnson Controls International PLC by 9.3% in the first quarter. Geode Capital Management LLC now owns 9,137,888 shares of the auto parts company’s stock worth $384,341,000 after buying an additional 780,842 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Johnson Controls International PLC by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 8,827,941 shares of the auto parts company’s stock worth $371,848,000 after buying an additional 672,912 shares during the period. Hedge funds and other institutional investors own 84.20% of the company’s stock.

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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