Johnson Controls International (NYSE:JCI) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Johnson Controls International (NYSE:JCI) posted its quarterly earnings results on Friday. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.48 by $0.19, MarketWatch Earnings reports. Johnson Controls International had a net margin of 21.80% and a return on equity of 8.81%. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same period in the previous year, the company posted $0.65 EPS. Johnson Controls International’s revenue was down 17.2% on a year-over-year basis.

Shares of NYSE JCI opened at $38.48 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $35.11 and its two-hundred day moving average is $34.04. The company has a market cap of $27.70 billion, a P/E ratio of 16.55, a P/E/G ratio of 2.41 and a beta of 1.07. Johnson Controls International has a 12 month low of $22.77 and a 12 month high of $44.82.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Monday, June 22nd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 19th. This represents a $1.04 annualized dividend and a yield of 2.70%. Johnson Controls International’s payout ratio is 53.06%.

A number of equities analysts recently commented on JCI shares. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Monday, June 22nd. Morgan Stanley increased their price target on shares of Johnson Controls International from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Cowen reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Johnson Controls International in a research note on Friday. JPMorgan Chase & Co. upped their price objective on shares of Johnson Controls International from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Robert W. Baird cut their target price on Johnson Controls International from $36.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $34.50.

In other news, CEO George Oliver sold 22,620 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $34.17, for a total value of $772,925.40. 0.61% of the stock is owned by insiders.

About Johnson Controls International

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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