Zacks Research Weighs in on Johnson Controls International plc’s FY2024 Earnings (NYSE:JCI)

Johnson Controls International plc (NYSE:JCI) – Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Johnson Controls International in a research note issued to investors on Monday, July 22nd. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $3.52 for the year, down from their prior forecast of $3.62. The consensus estimate for Johnson Controls International’s current full-year earnings is $3.59 per share. Zacks Research also issued estimates for Johnson Controls International’s Q4 2024 earnings at $1.16 EPS, Q4 2025 earnings at $1.33 EPS, Q1 2026 earnings at $1.07 EPS and Q2 2026 earnings at $1.09 EPS.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS.

Several other research firms also recently issued reports on JCI. Oppenheimer increased their target price on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Wells Fargo & Company lifted their target price on Johnson Controls International from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Robert W. Baird raised their price objective on shares of Johnson Controls International from $62.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Barclays decreased their target price on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group increased their price objective on Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.23.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $67.54 on Thursday. The firm’s 50 day moving average is $69.61 and its 200 day moving average is $63.78. The stock has a market capitalization of $45.50 billion, a P/E ratio of 27.34, a PEG ratio of 1.80 and a beta of 1.28. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $74.23. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 annualized dividend and a dividend yield of 2.19%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the completion of the sale, the chief operating officer now directly owns 104,556 shares in the company, valued at approximately $6,901,741.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the sale, the vice president now owns 25,378 shares of the company’s stock, valued at approximately $1,662,259. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total transaction of $77,033.67. Following the completion of the sale, the chief operating officer now directly owns 104,556 shares in the company, valued at approximately $6,901,741.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,067 shares of company stock valued at $1,163,404. Insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Institutional investors have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in Johnson Controls International in the 4th quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in shares of Johnson Controls International during the 1st quarter valued at about $25,000. EdgeRock Capital LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth approximately $27,000. Hexagon Capital Partners LLC lifted its stake in shares of Johnson Controls International by 114.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares during the period. Finally, Continuum Advisory LLC boosted its position in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

About Johnson Controls International

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.