Zacks research analysts boosted their earnings estimates for Johnson Controls International plc (NYSE:JCI)

VaselineSeptember 9, 2024

0 4 minutes read

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Johnson Controls International plc (NYSE:JCI – Free Report) – Research analysts at Zacks Research raised their Q3 2025 earnings per share (EPS) estimates for shares of Johnson Controls International in a research note issued to investors on Wednesday, September 4th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $1.16 for the quarter, up from their prior estimate of $1.15. The consensus estimate for Johnson Controls International’s current full-year earnings is $3.67 per share. Zacks Research also issued estimates for Johnson Controls International’s FY2025 earnings at $3.65 EPS and Q2 2026 earnings at $1.11 EPS.

Several other research firms have also issued reports on JCI. Robert W. Baird boosted their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Barclays cut their price target on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Goldman Sachs Group boosted their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Oppenheimer upped their target price on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Finally, Wells Fargo & Company lifted their price target on Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Johnson Controls International has a consensus rating of “Hold” and a consensus price target of $69.46, according to MarketBeat.com.

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Johnson Controls International shares fell 2.2%

NYSE JCI opened at $67.84 on Monday. The stock has a fifty day moving average of $69.04 and a 200 day moving average of $66.96. The stock has a market cap of $45.70 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. Johnson Controls International has a 52-week low of $47.90 and a 52-week high of $75.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73, and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI – Get Free Report ) last posted its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company’s revenue for the quarter was up 1.4% year over year. During the same period last year, the firm earned $1.03 EPS.

Institutional investors weigh in on Johnson Controls International

Several institutional investors have recently made changes to their positions in JCI. Rise Advisors LLC bought a new stake in Johnson Controls International in the 1st quarter worth $25,000. Continuum Advisory LLC boosted its stake in Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after acquiring an additional 202 shares in the last quarter. Friedenthal Financial bought a new stake in Johnson Controls International in the second quarter valued at $47,000. Finally, Centerpoint Advisors LLC boosted its stake in Johnson Controls International by 126.8% in the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after acquiring an additional 412 shares during the last quarter. 90.05% of shares are currently owned by institutional investors.

Insiders place their bets

In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now owns 104,556 shares of the company’s stock, valued at $6,901,741.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Over the last 90 days, insiders have sold a total of 4,245 shares of company stock worth $295,442. 0.69% of shares are currently owned by insiders.

Johnson Controls International announces dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were given a dividend of $0.37 per share. This represents a dividend of $1.48 on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Monday, June 24th. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

Johnson Controls International Company Profile

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Johnson Controls International plc, together with its subsidiaries, engages in the design, manufacture, commissioning and upgrading of building products and systems in the United States, Europe, Asia Pacific and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific and Global Products.