Johnson Controls International plc (NYSE:JCI – Free Report) – Investment analysts at Zacks Research upped their Q2 2024 earnings per share (EPS) estimates for Johnson Controls International in a report issued on Tuesday, September 5th. Zacks Research analyst E. Haque now anticipates that the company will earn $0.84 per share for the quarter, up from their prior forecast of $0.83. The consensus estimate for Johnson Controls International’s current full-year earnings is $3.55 per share.
A number of other brokerages also recently issued reports on JCI. Wells Fargo & Company boosted their price target on Johnson Controls International from $69.00 to $74.00 in a report on Monday, July 10th. StockNews.com began coverage on Johnson Controls International in a report on Thursday, August 17th. They issued a “buy” rating for the company. Barclays decreased their price target on Johnson Controls International from $69.00 to $66.00 in a report on Thursday. Oppenheimer decreased their price target on Johnson Controls International from $79.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Finally, Morgan Stanley decreased their price target on Johnson Controls International from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.08.
Johnson Controls International Price Performance
Shares of NYSE JCI opened at $57.00 on Thursday. The business’s 50 day moving average price is $63.75 and its 200 day moving average price is $62.21. The firm has a market cap of $38.78 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.17 and a beta of 1.25. Johnson Controls International has a 52 week low of $48.82 and a 52 week high of $70.43. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.49.
Johnson Controls International (NYSE:JCI – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The company reported $1.03 EPS for the quarter, meeting analysts’ consensus estimates of $1.03. The firm had revenue of $7.13 billion for the quarter, compared to analyst estimates of $7.20 billion. Johnson Controls International had a return on equity of 13.69% and a net margin of 7.74%. Johnson Controls International’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share.
Insider Activity at Johnson Controls International
In related news, CEO George Oliver sold 103,332 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $59.23, for a total value of $6,120,354.36. Following the completion of the transaction, the chief executive officer now directly owns 979,759 shares of the company’s stock, valued at approximately $58,031,125.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Johnson Controls International in the 4th quarter valued at $419,897,000. Fisher Asset Management LLC grew its holdings in Johnson Controls International by 107.3% in the 1st quarter. Fisher Asset Management LLC now owns 11,334,597 shares of the company’s stock valued at $682,569,000 after buying an additional 5,865,996 shares in the last quarter. Cullen Capital Management LLC purchased a new stake in Johnson Controls International in the 1st quarter valued at $204,537,000. Morgan Stanley grew its holdings in Johnson Controls International by 40.7% in the 4th quarter. Morgan Stanley now owns 9,990,590 shares of the company’s stock valued at $639,398,000 after buying an additional 2,890,395 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Johnson Controls International by 405.1% in the 2nd quarter. Raymond James & Associates now owns 3,232,338 shares of the company’s stock valued at $220,251,000 after buying an additional 2,592,448 shares in the last quarter. 88.64% of the stock is owned by institutional investors and hedge funds.
Johnson Controls International Company Profile
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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