Brokerages Expect Johnson Controls International plc (NYSE:JCI) Will Announce Quarterly Sales of $5.28 Billion


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Equities research analysts expect Johnson Controls International plc (NYSE:JCI) to post $5.28 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Johnson Controls International’s earnings, with the lowest sales estimate coming in at $5.24 billion and the highest estimate coming in at $5.30 billion. Johnson Controls International reported sales of $5.58 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.4%. The business is expected to announce its next earnings report on Friday, January 29th.

On average, analysts expect that Johnson Controls International will report full-year sales of $22.98 billion for the current fiscal year, with estimates ranging from $22.78 billion to $23.25 billion. For the next year, analysts anticipate that the business will post sales of $23.77 billion, with estimates ranging from $23.55 billion to $24.18 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Johnson Controls International.

Johnson Controls International (NYSE:JCI) last released its earnings results on Sunday, November 8th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The company had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.67 billion. Johnson Controls International had a return on equity of 8.72% and a net margin of 2.83%. Johnson Controls International’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share.

JCI has been the subject of several research reports. Oppenheimer raised Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Wednesday, October 21st. JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 7th. Smith Barney Citigroup downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, December 14th. Credit Suisse Group lifted their price objective on Johnson Controls International from $44.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Finally, Morgan Stanley lifted their price objective on Johnson Controls International from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 5th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $44.68.

Shares of NYSE:JCI traded up $0.17 during midday trading on Wednesday, hitting $52.01. 5,223,745 shares of the stock were exchanged, compared to its average volume of 5,580,185. The stock has a market cap of $37.65 billion, a P/E ratio of 61.19, a PEG ratio of 2.32 and a beta of 1.02. The company has a current ratio of 1.22, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. Johnson Controls International has a twelve month low of $22.77 and a twelve month high of $52.32. The company has a 50 day moving average price of $46.83 and a 200-day moving average price of $42.09.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, December 21st will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, December 18th. Johnson Controls International’s dividend payout ratio (DPR) is 46.43%.

In other news, VP Sreeganesh Ramaswamy sold 5,000 shares of the business’s stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $50.87, for a total transaction of $254,350.00. Following the completion of the sale, the vice president now owns 76,183 shares in the company, valued at approximately $3,875,429.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert M. Vanhimbergen sold 4,200 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $42.76, for a total value of $179,592.00. Following the sale, the vice president now owns 34,132 shares of the company’s stock, valued at approximately $1,459,484.32. The disclosure for this sale can be found here. Insiders sold a total of 15,253 shares of company stock valued at $709,172 in the last 90 days. 0.61% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Capstone Financial Group Inc. purchased a new stake in shares of Johnson Controls International during the 3rd quarter worth about $26,000. NEXT Financial Group Inc purchased a new stake in shares of Johnson Controls International during the 3rd quarter worth about $26,000. Horan Capital Advisors LLC. purchased a new stake in shares of Johnson Controls International during the 3rd quarter worth about $27,000. Baron Financial Group LLC purchased a new stake in shares of Johnson Controls International during the 3rd quarter worth about $28,000. Finally, Nachman Norwood & Parrott Inc purchased a new stake in shares of Johnson Controls International during the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 85.48% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. It operates through Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products segments. The company designs, sells, installs, and services heating, ventilating, air conditioning, controls, refrigeration, integrated electronic security, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven smart building solutions to non-residential building and industrial applications.

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