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. The company designs, sells, installs, and services heating, ventilating, air conditioning, controls, building management, refrigeration, integrated electronic security, integrated fire detection and suppression systems, and fire protection and security products for commercial, industrial, retail, small business, institutional, and governmental customers; and provides energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven smart building solutions to non-residential building and industrial applications. It also offers controls software and software services for residential and commercial applications. Johnson Controls International plc was founded in 1885 and is headquartered in Cork, Ireland.
Wall Street Analysts Forecast Growth
JCI has been the topic of several recent research reports. Barclays reduced their price target on shares of Johnson Controls International from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday, July 8th. Credit Suisse Group dropped their price target on Johnson Controls International from $80.00 to $73.00 in a research report on Thursday, May 5th. TheStreet downgraded Johnson Controls International from a "b" rating to a "c+" rating in a research report on Wednesday, May 4th. Bank of America began coverage on Johnson Controls International in a research report on Monday, May 2nd. They set a "buy" rating and a $85.00 price objective for the company. Finally, StockNews.com upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating in a report on Monday. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $67.64.
Johnson Controls International Stock Up 0.7 %
Shares of JCI opened at $58.93 on Friday. Johnson Controls International has a fifty-two week low of $45.52 and a fifty-two week high of $81.77. The company's fifty day moving average is $50.84 and its two-hundred day moving average is $57.69. The firm has a market cap of $40.59 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.42.
Johnson Controls International (NYSE:JCI - Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.85 earnings per share for the quarter, meeting analysts' consensus estimates of $0.85. The firm had revenue of $6.61 billion for the quarter, compared to analysts' expectations of $6.76 billion. Johnson Controls International had a return on equity of 11.35% and a net margin of 4.17%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Analysts forecast that Johnson Controls International will post 3 earnings per share for the current year.
Johnson Controls International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Tuesday, June 21st were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, June 17th. This represents a $1.40 dividend on an annualized basis and a yield of 2.38%. Johnson Controls International's dividend payout ratio (DPR) is 93.96%.
