Johnson Controls International (NYSE:JCI) Updates Q4 2024 Earnings Guidance

Johnson Controls International (NYSE:JCI) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.230-1.260 for the period, compared to the consensus earnings per share estimate of 1.200. The company issued revenue guidance of -. Johnson Controls International also updated its FY 2024 guidance to 3.660-3.690 EPS.

Johnson Controls International Trading Down 4.1 %

Shares of JCI traded down $2.91 during mid-day trading on Friday, reaching $67.42. 10,348,378 shares of the company were exchanged, compared to its average volume of 4,792,278. The business has a 50 day simple moving average of $69.25 and a two-hundred day simple moving average of $64.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.65 and a current ratio of 0.96. The stock has a market capitalization of $45.04 billion, a PE ratio of 27.30, a PEG ratio of 1.79 and a beta of 1.28. Johnson Controls International has a 52 week low of $47.90 and a 52 week high of $75.36.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the business earned $1.03 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Johnson Controls International will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.20%. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

Wall Street Analyst Weigh In

Several brokerages recently commented on JCI. Robert W. Baird upped their target price on Johnson Controls International from $72.00 to $78.00 and gave the company a neutral rating in a research report on Thursday. StockNews.com upgraded Johnson Controls International from a hold rating to a buy rating in a report on Friday. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a buy rating in a research note on Friday. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an overweight rating in a research note on Thursday. Finally, Oppenheimer lifted their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an outperform rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $67.69.

Insider Activity at Johnson Controls International

In other news, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the completion of the sale, the director now owns 30,120 shares in the company, valued at approximately $1,876,777.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the transaction, the vice president now owns 25,378 shares in the company, valued at approximately $1,662,259. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the sale, the director now owns 30,120 shares in the company, valued at $1,876,777.20. The disclosure for this sale can be found here. Insiders have sold a total of 19,048 shares of company stock valued at $1,234,530 over the last 90 days. Insiders own 0.69% of the company’s stock.

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.