Johnson Controls International (NYSE:JCI) Updates Q4 2022 Earnings Guidance

Johnson Controls International (NYSE:JCIGet Rating) issued an update on its fourth quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.96-$1.00 for the period. The company issued revenue guidance of -. Johnson Controls International also updated its FY 2022 guidance to $2.98-$3.02 EPS.

Johnson Controls International Trading Up 0.6 %

Shares of JCI stock traded up $0.35 on Thursday, hitting $54.63. The company had a trading volume of 5,428,792 shares, compared to its average volume of 4,559,969. Johnson Controls International has a twelve month low of $45.52 and a twelve month high of $81.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.78 and a current ratio of 1.00. The stock’s 50-day moving average is $50.39 and its two-hundred day moving average is $58.81. The firm has a market cap of $38.00 billion, a P/E ratio of 31.40, a P/E/G ratio of 1.22 and a beta of 1.18.

Johnson Controls International (NYSE:JCIGet Rating) last posted its earnings results on Wednesday, May 4th. The company reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. Johnson Controls International had a return on equity of 11.10% and a net margin of 5.00%. The company had revenue of $6.10 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter last year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that Johnson Controls International will post 2.97 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Tuesday, June 21st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, June 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.56%. Johnson Controls International’s payout ratio is 80.46%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JCI. Barclays lowered their price target on Johnson Controls International from $65.00 to $60.00 and set an overweight rating for the company in a research report on Friday, July 8th. Morgan Stanley decreased their target price on Johnson Controls International from $59.00 to $54.00 and set an overweight rating for the company in a research report on Thursday, July 7th. Bank of America started coverage on Johnson Controls International in a research note on Monday, May 2nd. They issued a buy rating and a $85.00 price target on the stock. Wells Fargo & Company cut their price target on Johnson Controls International from $60.00 to $56.00 in a research note on Tuesday, July 12th. Finally, William Blair reiterated a market perform rating on shares of Johnson Controls International in a research note on Thursday, May 5th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $67.53.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its holdings in shares of Johnson Controls International by 55.4% during the 1st quarter. Advisory Services Network LLC now owns 17,312 shares of the company’s stock worth $1,135,000 after purchasing an additional 6,175 shares during the last quarter. Capital World Investors boosted its holdings in shares of Johnson Controls International by 3.7% during the 1st quarter. Capital World Investors now owns 5,209,561 shares of the company’s stock worth $341,591,000 after purchasing an additional 187,923 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Johnson Controls International during the 1st quarter worth approximately $773,000. Wealthfront Advisers LLC boosted its holdings in shares of Johnson Controls International by 131.8% during the 1st quarter. Wealthfront Advisers LLC now owns 47,589 shares of the company’s stock worth $3,121,000 after purchasing an additional 27,058 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC raised its position in shares of Johnson Controls International by 266.2% during the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 168,627 shares of the company’s stock valued at $11,057,000 after buying an additional 122,582 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

About Johnson Controls International

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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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Earnings History and Estimates for Johnson Controls International (NYSE:JCI)

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