Analysts Set Expectations for Johnson Controls International PLC’s FY2018 Earnings (NYSE:JCI)

Johnson Controls International PLC (NYSE:JCI) – Analysts at Oppenheimer upped their FY2018 EPS estimates for shares of Johnson Controls International in a report released on Wednesday, May 2nd, Zacks Investment Research reports. Oppenheimer analyst N. Kaye now expects that the auto parts company will earn $2.81 per share for the year, up from their previous estimate of $2.77. Oppenheimer currently has a “Buy” rating and a $45.00 target price on the stock.

JCI has been the subject of a number of other reports. Zacks Investment Research downgraded Johnson Controls International from a “buy” rating to a “sell” rating in a research report on Wednesday, April 11th. Royal Bank of Canada downgraded Johnson Controls International from a “sector perform” rating to an “underperform” rating in a research report on Thursday, April 5th. ValuEngine downgraded Johnson Controls International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Barclays assumed coverage on Johnson Controls International in a research report on Thursday, February 15th. They set an “equal weight” rating and a $41.00 price target for the company. Finally, Robert W. Baird reissued a “hold” rating and set a $38.00 price objective on shares of Johnson Controls International in a report on Thursday, April 19th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $44.42.

Shares of JCI opened at $36.51 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.12 and a quick ratio of 0.79. The company has a market cap of $33.59 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.17 and a beta of 0.87. Johnson Controls International has a 12 month low of $36.13 and a 12 month high of $36.62.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, May 1st. The auto parts company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $7.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Johnson Controls International had a return on equity of 11.60% and a net margin of 6.83%. Johnson Controls International’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.50 earnings per share.

In other news, insider Rodney M. Rushing sold 8,148 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $36.55, for a total value of $297,809.40. Following the completion of the transaction, the insider now directly owns 31,999 shares of the company’s stock, valued at $1,169,563.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rodney M. Rushing sold 14,199 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $37.88, for a total value of $537,858.12. Following the completion of the transaction, the insider now directly owns 39,847 shares of the company’s stock, valued at $1,509,404.36. The disclosure for this sale can be found here. 0.43% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of JCI. Kempner Capital Management Inc. boosted its holdings in shares of Johnson Controls International by 43.9% in the fourth quarter. Kempner Capital Management Inc. now owns 112,585 shares of the auto parts company’s stock worth $4,291,000 after acquiring an additional 34,361 shares during the period. Daiwa SB Investments Ltd. boosted its stake in Johnson Controls International by 94.9% during the fourth quarter. Daiwa SB Investments Ltd. now owns 33,440 shares of the auto parts company’s stock valued at $1,274,000 after buying an additional 16,283 shares during the period. Starfire Investment Advisers Inc. bought a new stake in Johnson Controls International during the fourth quarter valued at $274,000. Gofen & Glossberg LLC IL boosted its stake in Johnson Controls International by 1.6% during the fourth quarter. Gofen & Glossberg LLC IL now owns 230,955 shares of the auto parts company’s stock valued at $8,802,000 after buying an additional 3,558 shares during the period. Finally, Norris Perne & French LLP MI boosted its stake in Johnson Controls International by 73.6% during the fourth quarter. Norris Perne & French LLP MI now owns 78,205 shares of the auto parts company’s stock valued at $2,980,000 after buying an additional 33,167 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

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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