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

Johnson Controls International (NYSE:JCI) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.660-3.690 for the period, compared to the consensus estimate of 3.580. The company issued revenue guidance of -. Johnson Controls International also updated its Q4 2024 guidance to 1.230-1.260 EPS.

Johnson Controls International Stock Performance

NYSE:JCI opened at $74.60 on Wednesday. The business’s fifty day moving average price is $69.47 and its 200 day moving average price is $64.14. The firm has a market capitalization of $50.26 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $75.36. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. On average, sell-side analysts anticipate that Johnson Controls International will post 3.58 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.98%. Johnson Controls International’s payout ratio is 59.92%.

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an equal weight rating for the company in a research note on Wednesday, July 10th. Oppenheimer lifted their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an outperform rating in a research note on Thursday, June 27th. Robert W. Baird lifted their target price on shares of Johnson Controls International from $62.00 to $72.00 and gave the stock a neutral rating in a research note on Monday, July 15th. Citigroup lifted 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. Finally, The Goldman Sachs Group lifted their target price on shares of Johnson Controls International from $66.00 to $73.00 and gave the stock a buy rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of Hold and an average target price of $65.23.

Insider Activity

In related news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the sale, the chief operating officer now owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total value of $188,580.00. Following the completion of the transaction, the chief operating officer now owns 106,891 shares in the company, valued at approximately $6,719,168.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $6,901,741.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,067 shares of company stock worth $1,163,404. 0.69% of the stock is currently owned by corporate insiders.

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.