Johnson Controls International (NYSE:JCI) Issues Q4 2024 Earnings Guidance

Johnson Controls International (NYSE:JCI) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.230-1.260 for the period, compared to the consensus estimate of 1.200. The company issued revenue guidance of -. Johnson Controls International also updated its FY 2024 guidance to 3.660-3.690 EPS.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Barclays dropped their price target on Johnson Controls International from $62.00 to $61.00 and set an equal weight rating on the stock in a research note on Wednesday, July 10th. Robert W. Baird lifted their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a neutral rating in a research note on Thursday. UBS Group cut Johnson Controls International from a buy rating to a neutral rating and dropped their price target for the stock from $74.00 to $68.00 in a research note on Monday, May 6th. The Goldman Sachs Group lifted their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a buy rating in a research note on Friday. Finally, Citigroup lifted their price target on Johnson Controls International from $59.00 to $68.00 and gave the stock a neutral rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $67.69.

Johnson Controls International Stock Down 4.1 %

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

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. Analysts anticipate that Johnson Controls International will post 3.67 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the sale, the vice president now directly owns 25,378 shares in the company, valued at approximately $1,662,259. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Nathan D. Manning sold 3,000 shares of the business’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 value of $188,580.00. Following the completion of the sale, the chief operating officer now directly owns 106,891 shares in the company, valued at approximately $6,719,168.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,048 shares of company stock valued at $1,234,530. 0.69% of the stock is owned by corporate insiders.

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.