Johnson Controls International (NYSE:JCI) Updates Q4 2020 Pre-Market Earnings Guidance

Johnson Controls International (NYSE:JCI) issued an update on its fourth quarter 2020
Pre-Market earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.68-0.72 for the period, compared to the Thomson Reuters consensus estimate of $0.65. Johnson Controls International also updated its FY 2020
Pre-Market guidance to 2.16-2.20 EPS.

JCI stock traded up $1.24 during midday trading on Friday, hitting $38.48. The company’s stock had a trading volume of 8,528,746 shares, compared to its average volume of 4,697,602. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.05 and a quick ratio of 0.83. Johnson Controls International has a twelve month low of $22.77 and a twelve month high of $44.82. The company’s fifty day moving average price is $35.11 and its 200 day moving average price is $34.04. The stock has a market capitalization of $28.62 billion, a P/E ratio of 6.36, a PEG ratio of 2.49 and a beta of 1.07.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.19. Johnson Controls International had a net margin of 21.80% and a return on equity of 8.81%. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same quarter last year, the firm posted $0.65 EPS. The company’s quarterly revenue was down 17.2% on a year-over-year basis. Equities analysts expect that Johnson Controls International will post 2.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Monday, June 22nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Friday, June 19th. Johnson Controls International’s dividend payout ratio (DPR) is presently 53.06%.

JCI has been the subject of a number of analyst reports. Deutsche Bank decreased their price objective on shares of Johnson Controls International from $48.00 to $41.00 and set a buy rating for the company in a research report on Thursday, April 9th. Morgan Stanley lifted their target price on shares of Johnson Controls International from $29.00 to $31.00 and gave the stock an equal weight rating in a report on Wednesday, April 15th. Vertical Research raised shares of Johnson Controls International from a hold rating to a buy rating in a report on Wednesday, May 13th. William Blair reaffirmed a market perform rating on shares of Johnson Controls International in a report on Monday, May 4th. Finally, Wells Fargo & Co lifted their target price on shares of Johnson Controls International from $34.00 to $40.00 and gave the stock an overweight rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $34.50.

In other Johnson Controls International news, CEO George Oliver sold 22,620 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $34.17, for a total value of $772,925.40. Insiders own 0.61% of the company’s stock.

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 and Estimates for Johnson Controls International (NYSE:JCI)

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