Johnson Controls International (NYSE:JCI) Issues FY24 Earnings Guidance

Johnson Controls International (NYSE:JCI) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.60-$3.75 for the period, compared to the consensus earnings per share estimate of $3.60. Johnson Controls International also updated its FY 2024 guidance to 3.600-3.750 EPS.

Johnson Controls International Price Performance

Shares of NYSE JCI traded up $1.63 during trading on Friday, reaching $62.38. The company had a trading volume of 7,096,178 shares, compared to its average volume of 4,978,445. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44. Johnson Controls International has a twelve month low of $47.90 and a twelve month high of $70.43. The stock has a 50-day moving average price of $63.31 and a two-hundred day moving average price of $57.22. The stock has a market capitalization of $42.02 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. Johnson Controls International’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. As a group, sell-side analysts predict that Johnson Controls International will post 3.61 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a $0.37 dividend. The ex-dividend date was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.37%. Johnson Controls International’s payout ratio is currently 59.92%.

Wall Street Analyst Weigh In

Several research firms have commented on JCI. Royal Bank of Canada lowered their price target on Johnson Controls International from $50.00 to $48.00 and set an underperform rating for the company in a report on Wednesday, January 31st. Oppenheimer dropped their price target on shares of Johnson Controls International from $71.00 to $70.00 and set an outperform rating for the company in a research report on Thursday. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Melius Research reissued a hold rating on shares of Johnson Controls International in a research note on Tuesday, January 30th. Finally, StockNews.com lowered Johnson Controls International from a buy rating to a hold rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $64.25.

About Johnson Controls International

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.