Johnson Controls International (NYSE:JCI) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Key Points

• Johnson Controls beat quarterly expectations: The company reported EPS of $1.66, $0.07 above consensus, while revenue reached $7.11 billion versus the $7.04 billion estimate.
• The company maintained shareholder returns with a quarterly dividend of $0.40 per share, equivalent to $1.60 annually and a 1.1% yield.
• Analyst sentiment remains moderately bullish: The stock has a “Moderate Buy” consensus rating and an average price target of $163.05, although one analyst recently downgraded it to “Hold.”

Johnson Controls International (NYSE:JCI - Get Free Report) posted its earnings results on Tuesday. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.07, Zacks reports. The company had revenue of $7.11 billion during the quarter, compared to analysts' expectations of $7.04 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.

Johnson Controls International Stock Performance

NYSE:JCI opened at $147.42 on Tuesday. The company has a fifty day simple moving average of $146.93 and a two-hundred day simple moving average of $139.75. The company has a market cap of $89.30 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.07 and a beta of 1.27. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. Johnson Controls International has a 52 week low of $108.41 and a 52 week high of $160.41.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International's dividend payout ratio (DPR) is currently 27.83%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on JCI shares. Royal Bank Of Canada raised their price objective on Johnson Controls International from $161.00 to $165.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 14th. Citigroup increased their target price on shares of Johnson Controls International from $157.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday, October 12th. Zacks Research cut shares of Johnson Controls International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. Morgan Stanley raised their price target on Johnson Controls International from $175.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Finally, Bank of America lifted their price objective on Johnson Controls International from $152.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $163.05.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.29% of the company's stock.

Johnson Controls International Company Profile

Johnson Controls International plc NYSE: JCI is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.

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