Zacks: Brokerages Anticipate Johnson Controls International plc Ordinary Share (JCI) Will Post Quarterly Sales of $7.19 Billion

Analysts expect Johnson Controls International plc Ordinary Share (NYSE:JCI) to post sales of $7.19 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Johnson Controls International plc Ordinary Share’s earnings. The lowest sales estimate is $7.05 billion and the highest is $7.28 billion. Johnson Controls International plc Ordinary Share reported sales of $7.09 billion during the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The business is scheduled to issue its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Johnson Controls International plc Ordinary Share will report full year sales of $7.19 billion for the current year, with estimates ranging from $30.38 billion to $30.60 billion. For the next year, analysts anticipate that the business will report sales of $31.50 billion per share, with estimates ranging from $31.22 billion to $32.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Johnson Controls International plc Ordinary Share.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.87. Johnson Controls International plc Ordinary Share had a net margin of 6.32% and a return on equity of 11.91%. The business had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.10 billion. During the same period in the prior year, the business posted $1.21 earnings per share. Johnson Controls International plc Ordinary Share’s revenue for the quarter was up 30.1% compared to the same quarter last year.

A number of equities analysts have recently weighed in on JCI shares. Morgan Stanley dropped their price target on shares of Johnson Controls International plc Ordinary Share from $51.00 to $46.00 and set an “overweight” rating on the stock in a research note on Monday, August 7th. BidaskClub downgraded shares of Johnson Controls International plc Ordinary Share from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of Johnson Controls International plc Ordinary Share from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. UBS downgraded shares of Johnson Controls International plc Ordinary Share from a “positive” rating to a “neutral” rating in a research note on Wednesday, November 15th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $50.00 price target (down from $52.00) on shares of Johnson Controls International plc Ordinary Share in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.79.

Johnson Controls International plc Ordinary Share (NYSE JCI) traded down $0.30 during midday trading on Friday, hitting $37.13. 6,577,659 shares of the stock were exchanged, compared to its average volume of 5,182,174. Johnson Controls International plc Ordinary Share has a 1-year low of $34.51 and a 1-year high of $44.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.04 and a quick ratio of 0.77. The firm has a market capitalization of $34,640.00, a P/E ratio of 14.34, a PEG ratio of 1.01 and a beta of 0.90.

In other Johnson Controls International plc Ordinary Share news, VP William C. Jackson purchased 20,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were bought at an average cost of $36.00 per share, with a total value of $720,000.00. Following the completion of the transaction, the vice president now owns 286,842 shares in the company, valued at approximately $10,326,312. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey M. Williams sold 1,955 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $41.43, for a total value of $80,995.65. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Johnson Controls International plc Ordinary Share by 2.3% in the second quarter. Vanguard Group Inc. now owns 63,619,905 shares of the auto parts company’s stock valued at $2,758,559,000 after purchasing an additional 1,457,941 shares during the last quarter. Dodge & Cox grew its position in shares of Johnson Controls International plc Ordinary Share by 83.5% in the second quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after purchasing an additional 26,319,624 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Johnson Controls International plc Ordinary Share by 5.9% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 45,423,316 shares of the auto parts company’s stock valued at $1,830,106,000 after purchasing an additional 2,537,865 shares during the last quarter. Capital World Investors grew its position in shares of Johnson Controls International plc Ordinary Share by 4.7% in the second quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock valued at $1,838,721,000 after purchasing an additional 1,917,892 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Johnson Controls International plc Ordinary Share by 8.6% in the third quarter. American Century Companies Inc. now owns 14,430,474 shares of the auto parts company’s stock valued at $581,404,000 after purchasing an additional 1,141,974 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

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Johnson Controls International plc Ordinary Share Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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