Johnson Controls International PLC (NYSE:JCI) Expected to Post Quarterly Sales of $6.36 Billion

Equities analysts expect Johnson Controls International PLC (NYSE:JCI) to report $6.36 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Johnson Controls International’s earnings. The lowest sales estimate is $6.25 billion and the highest is $6.43 billion. Johnson Controls International reported sales of $8.37 billion during the same quarter last year, which would suggest a negative year over year growth rate of 24%. The company is expected to report its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Johnson Controls International will report full-year sales of $24.03 billion for the current year, with estimates ranging from $23.85 billion to $24.12 billion. For the next fiscal year, analysts forecast that the business will report sales of $24.85 billion, with estimates ranging from $24.62 billion to $25.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Johnson Controls International.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The business had revenue of $6.45 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS.

Several analysts have commented on the stock. TheStreet upgraded shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Thursday, May 9th. Credit Suisse Group began coverage on shares of Johnson Controls International in a report on Monday, May 13th. They issued a “neutral” rating and a $42.00 price objective for the company. Barclays began coverage on shares of Johnson Controls International in a report on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 price objective for the company. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Monday, July 1st. Finally, JPMorgan Chase & Co. upgraded shares of Johnson Controls International from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $31.00 to $35.00 in a report on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.30.

In related news, VP Brian J. Stief sold 126,158 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $39.09, for a total transaction of $4,931,516.22. Following the completion of the sale, the vice president now owns 154,860 shares of the company’s stock, valued at $6,053,477.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 11,196 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $42.26, for a total transaction of $473,142.96. Following the sale, the chief executive officer now directly owns 881,753 shares of the company’s stock, valued at approximately $37,262,881.78. The disclosure for this sale can be found here. Insiders have sold 247,895 shares of company stock valued at $9,964,737 over the last quarter. Company insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in JCI. Cornerstone Advisors Inc. lifted its position in shares of Johnson Controls International by 9.5% in the second quarter. Cornerstone Advisors Inc. now owns 2,805 shares of the company’s stock valued at $116,000 after buying an additional 244 shares during the last quarter. Wrapmanager Inc. increased its position in Johnson Controls International by 1.5% in the 2nd quarter. Wrapmanager Inc. now owns 19,869 shares of the company’s stock valued at $821,000 after buying an additional 288 shares in the last quarter. Moody National Bank Trust Division increased its position in Johnson Controls International by 34.7% in the 1st quarter. Moody National Bank Trust Division now owns 1,142 shares of the company’s stock valued at $42,000 after buying an additional 294 shares in the last quarter. Signaturefd LLC increased its position in Johnson Controls International by 7.7% in the 2nd quarter. Signaturefd LLC now owns 4,177 shares of the company’s stock valued at $173,000 after buying an additional 299 shares in the last quarter. Finally, Oakworth Capital Inc. increased its position in Johnson Controls International by 21.2% in the 2nd quarter. Oakworth Capital Inc. now owns 1,721 shares of the company’s stock valued at $71,000 after buying an additional 301 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

JCI stock traded down $0.08 during mid-day trading on Friday, hitting $41.93. The company had a trading volume of 4,376,104 shares, compared to its average volume of 4,176,377. The company has a market capitalization of $37.73 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. Johnson Controls International has a 12-month low of $28.30 and a 12-month high of $42.85. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $41.07.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, June 24th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, June 21st. This represents a $1.04 annualized dividend and a dividend yield of 2.48%. Johnson Controls International’s payout ratio is 36.75%.

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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