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

Johnson Controls International (NYSE:JCI) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.660-3.690 for the period, compared to the consensus estimate of 3.580. The company issued revenue guidance of -. Johnson Controls International also updated its Q4 2024 guidance to 1.230-1.260 EPS.

Wall Street Analyst Weigh In

Several research analysts have issued reports on JCI shares. The Goldman Sachs Group increased their price objective on Johnson Controls International from $73.00 to $81.00 and gave the stock a buy rating in a research report on Friday. Citigroup boosted their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a neutral rating in a report on Monday, April 8th. StockNews.com raised shares of Johnson Controls International from a hold rating to a buy rating in a report on Friday. Barclays lowered their price target on Johnson Controls International from $62.00 to $61.00 and set an equal weight rating on the stock in a report on Wednesday, July 10th. Finally, Oppenheimer lifted their price objective on Johnson Controls International from $70.00 to $76.00 and gave the stock an outperform rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of Hold and an average price target of $67.69.

Johnson Controls International Stock Down 4.1 %

Shares of JCI traded down $2.91 during midday trading on Friday, hitting $67.42. The company had a trading volume of 10,348,378 shares, compared to its average volume of 4,792,278. The stock has a market cap of $45.04 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.79 and a beta of 1.28. The company’s 50 day moving average price is $69.25 and its 200 day moving average price is $64.39. The company has a quick ratio of 0.65, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. Johnson Controls International has a 52 week low of $47.90 and a 52 week high of $75.36.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. On average, equities research analysts predict that Johnson Controls International will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, June 24th were paid a dividend of $0.37 per share. The ex-dividend date was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.20%. Johnson Controls International’s payout ratio is currently 59.92%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the sale, the chief operating officer now owns 103,866 shares in the company, valued at $7,344,364.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the sale, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at $6,719,168.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,048 shares of company stock worth $1,234,530. Insiders own 0.69% of the company’s stock.

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.