Johnson Controls International (NYSE:JCI) Issues 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.

Wall Street Analyst Weigh In

Several equities analysts have commented on JCI shares. 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 report on Monday, April 8th. Oppenheimer raised their target price on Johnson Controls International from $70.00 to $76.00 and gave the company an outperform rating in a research report on Thursday, June 27th. UBS Group downgraded shares of Johnson Controls International from a buy rating to a neutral rating and cut their price target for the stock from $74.00 to $68.00 in a report on Monday, May 6th. StockNews.com upgraded shares of Johnson Controls International from a hold rating to a buy rating in a report on Friday. Finally, The Goldman Sachs Group boosted their target price 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of Hold and a consensus target price of $67.69.

Johnson Controls International Price Performance

JCI stock traded down $2.91 during mid-day trading on Friday, reaching $67.42. 10,348,378 shares of the company traded hands, compared to its average volume of 4,792,278. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.65. The company has a market capitalization of $45.04 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.79 and a beta of 1.28. The company has a fifty day moving average price of $69.25 and a 200-day moving average price of $64.39. 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 issued its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the prior year, the business posted $1.03 EPS. Johnson Controls International’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, analysts anticipate that Johnson Controls International will post 3.67 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the transaction, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related 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 sale, the vice president now directly owns 25,378 shares of the company’s stock, valued at $1,662,259. The sale 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 firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the transaction, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The disclosure for this sale can be found here. Insiders have sold 19,048 shares of company stock valued at $1,234,530 over the last ninety days. 0.69% of the stock is owned by 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.