Johnson Controls International plc Ordinary Share (JCI) to Post FY2018 Earnings of $2.85 Per Share, William Blair Forecasts

Johnson Controls International plc Ordinary Share (NYSE:JCI) – Investment analysts at William Blair upped their FY2018 earnings per share estimates for shares of Johnson Controls International plc Ordinary Share in a report released on Wednesday. William Blair analyst N. Heymann now forecasts that the auto parts company will post earnings of $2.85 per share for the year, up from their previous estimate of $2.80.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.19 billion. Johnson Controls International plc Ordinary Share had a net margin of 5.92% and a return on equity of 11.73%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share.

Several other equities research analysts also recently issued reports on the stock. TheStreet downgraded shares of Johnson Controls International plc Ordinary Share from a “b” rating to a “c+” rating in a research report on Monday, December 18th. Goldman Sachs Group downgraded shares of Johnson Controls International plc Ordinary Share from a “neutral” rating to a “sell” rating and lifted their price target for the company from $37.36 to $44.00 in a research report on Thursday, December 7th. Zacks Investment Research downgraded shares of Johnson Controls International plc Ordinary Share from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. UBS Group downgraded shares of Johnson Controls International plc Ordinary Share from a “positive” rating to a “neutral” rating in a research report on Wednesday, November 15th. Finally, Oppenheimer reiterated 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 report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $46.50.

Shares of Johnson Controls International plc Ordinary Share (NYSE JCI) traded down $0.41 during mid-day trading on Monday, reaching $37.11. 2,267,759 shares of the company’s stock traded hands, compared to its average volume of 6,831,785. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 0.80. The firm has a market capitalization of $34,750.00, a P/E ratio of 23.71, a PEG ratio of 1.31 and a beta of 0.81. Johnson Controls International plc Ordinary Share has a 1 year low of $34.51 and a 1 year high of $44.37.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Johnson Controls International plc Ordinary Share by 5.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 45,423,316 shares of the auto parts company’s stock worth $1,830,106,000 after buying an additional 2,537,865 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Johnson Controls International plc Ordinary Share by 8.6% during the third quarter. American Century Companies Inc. now owns 14,430,474 shares of the auto parts company’s stock worth $581,404,000 after buying an additional 1,141,974 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Johnson Controls International plc Ordinary Share by 31.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 11,885,205 shares of the auto parts company’s stock worth $478,855,000 after buying an additional 2,812,690 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Johnson Controls International plc Ordinary Share by 19.8% during the third quarter. Epoch Investment Partners Inc. now owns 10,168,668 shares of the auto parts company’s stock worth $409,696,000 after buying an additional 1,681,470 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Johnson Controls International plc Ordinary Share by 144.1% during the second quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock worth $211,505,000 after buying an additional 2,879,948 shares during the last quarter. 89.61% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Juergen Tinggren bought 12,000 shares of the firm’s stock in a transaction on Saturday, November 17th. The shares were purchased at an average price of $36.41 per share, with a total value of $436,920.00. Following the completion of the purchase, the director now owns 21,625 shares in the company, valued at approximately $787,366.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George Oliver bought 27,300 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were bought at an average cost of $36.80 per share, for a total transaction of $1,004,640.00. Following the purchase, the chief executive officer now owns 634,732 shares of the company’s stock, valued at approximately $23,358,137.60. The disclosure for this purchase can be found here. Insiders purchased 59,300 shares of company stock worth $2,161,560 over the last three months. 0.43% of the stock is currently owned by insiders.

Johnson Controls International plc Ordinary Share announced that its Board of Directors has authorized a stock repurchase program on Thursday, December 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Monday, December 18th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. This is a boost from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, December 15th. Johnson Controls International plc Ordinary Share’s dividend payout ratio (DPR) is 66.24%.

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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.

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

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