Jefferies Financial Group Weighs in on Johnson Controls International plc’s Q3 2022 Earnings (NYSE:JCI)

Johnson Controls International plc (NYSE:JCIGet Rating) – Jefferies Financial Group cut their Q3 2022 earnings per share (EPS) estimates for Johnson Controls International in a report issued on Wednesday, May 4th. Jefferies Financial Group analyst S. Volkmann now expects that the company will post earnings of $0.87 per share for the quarter, down from their previous estimate of $1.00. Jefferies Financial Group also issued estimates for Johnson Controls International’s FY2022 earnings at $3.00 EPS.

Several other research firms have also recently weighed in on JCI. Wells Fargo & Company dropped their price objective on shares of Johnson Controls International from $91.00 to $83.00 in a research report on Thursday, February 3rd. lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Credit Suisse Group lowered their price objective on Johnson Controls International from $80.00 to $73.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Johnson Controls International from $79.00 to $70.00 in a research report on Thursday. Finally, Mizuho lowered their price target on shares of Johnson Controls International from $88.00 to $68.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $74.73.

Shares of JCI stock opened at $54.18 on Friday. Johnson Controls International has a 1 year low of $51.80 and a 1 year high of $81.77. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $63.32 and its 200-day moving average is $70.84. The firm has a market capitalization of $38.08 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 1.37 and a beta of 1.14.

Johnson Controls International (NYSE:JCIGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.16 billion. Johnson Controls International had a net margin of 6.48% and a return on equity of 10.58%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Monday, March 21st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, March 18th. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.58%. Johnson Controls International’s payout ratio is currently 80.46%.

In related news, VP Robert M. Vanhimbergen sold 5,683 shares of the stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $64.44, for a total transaction of $366,212.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new stake in Johnson Controls International in the 4th quarter valued at approximately $25,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Johnson Controls International during the 4th quarter worth approximately $26,000. Addison Advisors LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $28,000. Bell Investment Advisors Inc bought a new stake in shares of Johnson Controls International in the third quarter worth $30,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in Johnson Controls International by 722.8% during the first quarter. GPS Wealth Strategies Group LLC now owns 469 shares of the company’s stock worth $31,000 after purchasing an additional 412 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.

About Johnson Controls International (Get Rating)

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.

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