Johnson Controls International (NYSE:JCI) Releases Earnings Results, Beats Expectations By $0.02 EPS

Johnson Controls International (NYSE:JCI) posted its earnings results on Thursday. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02, Briefing.com reports. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. The firm had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period last year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Johnson Controls International updated its FY20 guidance to $2.50-2.60 EPS.

Johnson Controls International stock traded up $0.23 during midday trading on Friday, reaching $42.52. The company had a trading volume of 4,832,903 shares, compared to its average volume of 5,578,074. The company has a market capitalization of $34.92 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.77 and a beta of 0.94. Johnson Controls International has a 12-month low of $28.30 and a 12-month high of $44.82. The firm’s fifty day simple moving average is $42.94 and its 200-day simple moving average is $41.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.19.

In related news, Director Gretchen R. Haggerty purchased 6,220 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $41.40 per share, with a total value of $257,508.00. Following the purchase, the director now owns 12,860 shares of the company’s stock, valued at approximately $532,404. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert M. Vanhimbergen sold 1,700 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $42.99, for a total transaction of $73,083.00. Following the completion of the transaction, the vice president now directly owns 18,324 shares in the company, valued at $787,748.76. The disclosure for this sale can be found here. Insiders sold a total of 177,702 shares of company stock worth $7,716,908 over the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

JCI has been the topic of a number of analyst reports. Argus raised their target price on Johnson Controls International from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Credit Suisse Group raised their target price on Johnson Controls International from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday. Finally, ValuEngine cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.78.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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Earnings History for Johnson Controls International (NYSE:JCI)

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