Johnson Controls International (NYSE:JCI) Issues Q3 2024 Earnings Guidance

Johnson Controls International (NYSE:JCI) updated its third quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.050-1.100 for the period, compared to the consensus EPS estimate of 1.120. The company issued revenue guidance of -. Johnson Controls International also updated its FY 2024 guidance to 3.600-3.750 EPS.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Oppenheimer lifted their price objective on shares of Johnson Controls International from $66.00 to $71.00 and gave the stock an outperform rating in a report on Thursday, April 18th. Royal Bank of Canada cut their price objective on shares of Johnson Controls International from $50.00 to $48.00 and set an underperform rating on the stock in a report on Wednesday, January 31st. Barclays boosted their price target on shares of Johnson Controls International from $59.00 to $61.00 and gave the stock an equal weight rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. Finally, HSBC downgraded shares of Johnson Controls International from a buy rating to a hold rating and set a $60.00 price target on the stock. in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $64.50.

Johnson Controls International Stock Performance

NYSE JCI traded down $3.83 during trading on Wednesday, hitting $61.24. 1,866,747 shares of the company’s stock traded hands, compared to its average volume of 5,487,515. Johnson Controls International has a 12-month low of $47.90 and a 12-month high of $70.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.73 and a current ratio of 0.97. The business has a 50 day moving average of $63.13 and a 200-day moving average of $57.11. The stock has a market capitalization of $41.73 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.64 and a beta of 1.24.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.94 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s payout ratio is 48.21%.

Johnson Controls International Company Profile

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.