Johnson Controls International (NYSE:JCI) Releases Q4 Earnings Guidance

Johnson Controls International (NYSE:JCIGet Rating) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.96-1.00 for the period, compared to the consensus estimate of $0.96. Johnson Controls International also updated its FY 2022 guidance to $2.98-$3.02 EPS.

Analysts Set New Price Targets

A number of research firms recently commented on JCI. TheStreet downgraded Johnson Controls International from a b rating to a c+ rating in a research note on Wednesday, May 4th. The Goldman Sachs Group decreased their target price on Johnson Controls International from $73.00 to $62.00 and set a buy rating for the company in a research note on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on Johnson Controls International from $70.00 to $61.00 in a research note on Wednesday, July 13th. Wells Fargo & Company decreased their target price on Johnson Controls International from $60.00 to $56.00 in a research note on Tuesday, July 12th. Finally, Barclays decreased their target price on Johnson Controls International from $65.00 to $60.00 and set an overweight rating for the company in a research note on Friday, July 8th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International has an average rating of Moderate Buy and an average target price of $67.64.

Johnson Controls International Stock Performance

Shares of JCI traded up $0.47 during mid-day trading on Friday, reaching $55.10. 4,328,205 shares of the company’s stock traded hands, compared to its average volume of 3,914,149. The business’s 50-day moving average price is $50.40 and its 200-day moving average price is $58.67. The stock has a market capitalization of $38.33 billion, a P/E ratio of 36.98, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.78 and a current ratio of 0.97. Johnson Controls International has a 12 month low of $45.52 and a 12 month high of $81.77.

Johnson Controls International (NYSE:JCIGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. The company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.76 billion. Johnson Controls International had a return on equity of 11.35% and a net margin of 4.17%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share. Equities analysts predict that Johnson Controls International will post 3 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Tuesday, June 21st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, June 17th. This represents a $1.40 annualized dividend and a yield of 2.54%. Johnson Controls International’s payout ratio is 93.96%.

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. increased its holdings in shares of Johnson Controls International by 152.4% in the first quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock valued at $39,000 after buying an additional 355 shares in the last quarter. High Net Worth Advisory Group LLC bought a new position in shares of Johnson Controls International in the first quarter valued at $46,000. Penserra Capital Management LLC increased its holdings in shares of Johnson Controls International by 6.0% in the first quarter. Penserra Capital Management LLC now owns 3,381 shares of the company’s stock valued at $221,000 after buying an additional 192 shares in the last quarter. Bridgefront Capital LLC bought a new position in shares of Johnson Controls International in the first quarter valued at $232,000. Finally, Fund Management at Engine No. 1 LLC bought a new position in shares of Johnson Controls International in the first quarter valued at $390,000. Institutional investors own 88.54% of the company’s stock.

About Johnson Controls International

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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.

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

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