Zacks: Brokerages Anticipate Johnson Controls International plc (NYSE:JCI) Will Announce Earnings of $0.88 Per Share

Equities research analysts forecast that Johnson Controls International plc (NYSE:JCI) will post $0.88 earnings per share for the current quarter, Zacks reports. Five analysts have provided estimates for Johnson Controls International’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.87. Johnson Controls International reported earnings per share of $0.76 in the same quarter last year, which would suggest a positive year over year growth rate of 15.8%. The firm is scheduled to issue its next earnings report on Tuesday, November 2nd.

On average, analysts expect that Johnson Controls International will report full year earnings of $2.66 per share for the current fiscal year, with EPS estimates ranging from $2.64 to $2.70. For the next year, analysts forecast that the firm will report earnings of $3.30 per share, with EPS estimates ranging from $3.20 to $3.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Johnson Controls International.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Thursday, July 29th. The company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.27 billion. Johnson Controls International had a return on equity of 9.79% and a net margin of 7.79%. Johnson Controls International’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share.

A number of research analysts have weighed in on JCI shares. HSBC raised their price target on Johnson Controls International from $52.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 4th. Morgan Stanley lifted their target price on Johnson Controls International from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, September 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Johnson Controls International from $78.00 to $82.00 and gave the stock a “hold” rating in a research note on Thursday, September 9th. Barclays upgraded Johnson Controls International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $67.00 to $75.00 in a research note on Wednesday, May 26th. Finally, Credit Suisse Group lifted their price target on Johnson Controls International from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, August 2nd. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $70.50.

Shares of NYSE:JCI traded up $0.46 during mid-day trading on Friday, reaching $74.83. 14,449 shares of the stock were exchanged, compared to its average volume of 4,193,646. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $72.39 and its 200-day simple moving average is $66.62. The company has a market cap of $53.30 billion, a P/E ratio of 29.75, a P/E/G ratio of 3.53 and a beta of 1.08. Johnson Controls International has a one year low of $39.79 and a one year high of $76.83.

In other news, CEO George Oliver sold 176,754 shares of Johnson Controls International stock in a transaction on Tuesday, July 6th. The stock was sold at an average price of $68.17, for a total value of $12,049,320.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.76% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. MV Capital Management Inc. grew its position in Johnson Controls International by 1,531.8% during the 2nd quarter. MV Capital Management Inc. now owns 359 shares of the company’s stock worth $25,000 after acquiring an additional 337 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in Johnson Controls International during the 1st quarter worth $25,000. WealthShield Partners LLC grew its position in Johnson Controls International by 108.1% during the 2nd quarter. WealthShield Partners LLC now owns 439 shares of the company’s stock worth $30,000 after acquiring an additional 228 shares during the last quarter. Better Money Decisions LLC bought a new stake in Johnson Controls International during the 1st quarter worth $27,000. Finally, Harbour Investments Inc. bought a new stake in Johnson Controls International during the 1st quarter worth $27,000. Institutional investors and hedge funds own 88.80% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International Plc engages in the provision of buildings products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.

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

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