Analysts Anticipate Johnson Controls International PLC (JCI) Will Announce Quarterly Sales of $7.95 Billion

Brokerages expect that Johnson Controls International PLC (NYSE:JCI) will report $7.95 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Johnson Controls International’s earnings. The lowest sales estimate is $7.93 billion and the highest is $7.96 billion. Johnson Controls International reported sales of $7.44 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The firm is expected to announce its next quarterly earnings report on Wednesday, January 30th.

On average, analysts expect that Johnson Controls International will report full year sales of $32.96 billion for the current year, with estimates ranging from $31.66 billion to $33.64 billion. For the next fiscal year, analysts expect that the firm will post sales of $34.15 billion, with estimates ranging from $32.56 billion to $34.99 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Johnson Controls International.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Thursday, November 8th. The company reported $0.93 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.93. Johnson Controls International had a net margin of 6.89% and a return on equity of 11.92%. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.28 billion. During the same quarter in the previous year, the business posted $0.87 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis.

A number of equities analysts recently issued reports on JCI shares. TheStreet cut shares of Johnson Controls International from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. Credit Suisse Group started coverage on shares of Johnson Controls International in a research note on Friday, October 12th. They issued a “neutral” rating and a $37.00 price target on the stock. Wells Fargo & Co dropped their price target on shares of Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating on the stock in a research note on Friday, September 28th. Morgan Stanley set a $35.00 price target on shares of Johnson Controls International and gave the stock a “hold” rating in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. cut shares of Johnson Controls International from a “neutral” rating to an “underweight” rating and set a $44.00 price target on the stock. in a research note on Friday, September 21st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Johnson Controls International presently has a consensus rating of “Hold” and a consensus target price of $38.50.

Large investors have recently made changes to their positions in the stock. Moody National Bank Trust Division grew its stake in shares of Johnson Controls International by 537.6% during the 4th quarter. Moody National Bank Trust Division now owns 848 shares of the company’s stock valued at $25,000 after acquiring an additional 715 shares during the period. TRUE Private Wealth Advisors bought a new position in Johnson Controls International in the 3rd quarter worth approximately $131,000. TLP Group LLC bought a new position in Johnson Controls International in the 3rd quarter worth approximately $141,000. Focused Wealth Management Inc bought a new position in Johnson Controls International in the 3rd quarter worth approximately $158,000. Finally, Point72 Hong Kong Ltd bought a new position in Johnson Controls International in the 2nd quarter worth approximately $156,000. Institutional investors own 92.13% of the company’s stock.

Shares of JCI stock traded up $0.30 during mid-day trading on Friday, reaching $32.18. 6,557,300 shares of the company’s stock traded hands, compared to its average volume of 5,526,975. Johnson Controls International has a 12 month low of $28.30 and a 12 month high of $41.53. The stock has a market cap of $29.54 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. The company has a current ratio of 1.05, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Monday, December 17th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, December 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.23%. Johnson Controls International’s dividend payout ratio (DPR) is presently 36.75%.

Johnson Controls International declared that its Board of Directors has initiated a share buyback plan on Thursday, November 8th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 3.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

About Johnson Controls International

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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