Johnson Controls International (NYSE:JCI) Releases Earnings Results, Beats Expectations By $0.02 EPS

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Johnson Controls International (NYSE:JCI) announced its quarterly earnings results on Thursday. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02, Briefing.com reports. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Johnson Controls International updated its FY20 guidance to $2.50-2.60 EPS.

JCI traded up $0.23 on Friday, reaching $42.52. The company had a trading volume of 4,832,903 shares, compared to its average volume of 5,578,074. The business has a 50 day simple moving average of $42.94 and a 200 day simple moving average of $41.26. The company has a market cap of $34.92 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 1.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.41. Johnson Controls International has a 52-week low of $28.30 and a 52-week high of $44.82.

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group increased their price target on shares of Johnson Controls International from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday. ValuEngine downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Argus increased their price target on shares of Johnson Controls International from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Johnson Controls International currently has a consensus rating of “Buy” and an average price target of $41.78.

In other Johnson Controls International news, VP Robert M. Vanhimbergen sold 1,700 shares of Johnson Controls International stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $42.99, for a total transaction of $73,083.00. Following the transaction, the vice president now directly owns 18,324 shares of the company’s stock, valued at $787,748.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gretchen R. Haggerty purchased 6,220 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $41.40 per share, for a total transaction of $257,508.00. Following the completion of the purchase, the director now directly owns 12,860 shares of the company’s stock, valued at approximately $532,404. The disclosure for this purchase can be found here. Insiders sold 177,702 shares of company stock worth $7,716,908 over the last ninety days. 0.50% of the stock is currently owned by insiders.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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Earnings History for Johnson Controls International (NYSE:JCI)

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