Johnson Controls International (NYSE:JCI) Updates Q3 2024 Earnings Guidance

Johnson Controls International (NYSE:JCI) updated its third quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.050-1.100 for the period, compared to the consensus earnings per share estimate of 1.120. The company issued revenue guidance of -. Johnson Controls International also updated its FY 2024 guidance to 3.600-3.750 EPS.

Analysts Set New Price Targets

A number of analysts have issued reports on JCI shares. HSBC downgraded Johnson Controls International from a buy rating to a hold rating and set a $60.00 target price for the company. in a research note on Wednesday, January 31st. Barclays decreased their target price on shares of Johnson Controls International from $61.00 to $59.00 and set an equal weight rating on the stock in a report on Thursday. StockNews.com downgraded shares of Johnson Controls International from a buy rating to a hold rating in a report on Thursday, January 25th. Oppenheimer reduced their price target on shares of Johnson Controls International from $71.00 to $70.00 and set an outperform rating on the stock in a research report on Thursday. Finally, Argus lowered Johnson Controls International from a buy rating to a hold rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $64.25.

Johnson Controls International Trading Up 2.7 %

JCI traded up $1.63 during mid-day trading on Friday, hitting $62.38. 7,096,178 shares of the stock were exchanged, compared to its average volume of 4,978,445. The company has a market cap of $42.02 billion, a PE ratio of 25.26, a PEG ratio of 1.55 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average is $63.31 and its two-hundred day moving average is $57.22. Johnson Controls International has a 1-year low of $47.90 and a 1-year high of $70.43.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities analysts forecast that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is currently 59.92%.

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.