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

Johnson Controls International (NYSE:JCI - Get Free Report) issued an update on its third quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.050-1.100 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

JCI has been the topic of several recent research reports. Melius Research reaffirmed a hold rating on shares of Johnson Controls International in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a hold rating and issued a $60.00 target price (down previously from $65.00) on shares of Johnson Controls International in a research note on Wednesday, January 31st. HSBC downgraded shares of Johnson Controls International from a buy rating to a hold rating and set a $60.00 price target on the stock. in a report on Wednesday, January 31st. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. Finally, Citigroup increased their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a neutral rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $64.50.

Johnson Controls International Stock Down 7.1 %

NYSE:JCI traded down $4.63 on Wednesday, reaching $60.44. 14,984,499 shares of the stock traded hands, compared to its average volume of 5,646,820. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $41.19 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.64 and a beta of 1.24. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $70.43. The company's fifty day simple moving average is $63.18 and its 200 day simple moving average is $57.13.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Tuesday, January 30th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.94 billion. Johnson Controls International had a return on equity of 13.08% and a net margin of 7.85%. The company's revenue was up .4% compared to the same quarter last year. During the same period last year, the business posted $0.67 EPS. Equities analysts predict that Johnson Controls International will post 3.61 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.45%. Johnson Controls International's dividend payout ratio (DPR) is 48.21%.

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.