Equities Analysts Issue Forecasts for Johnson Controls International plc’s Q3 2024 Earnings (NYSE:JCI)

Johnson Controls International plc (NYSE:JCI) – Analysts at Zacks Research dropped their Q3 2024 earnings per share estimates for shares of Johnson Controls International in a research note issued to investors on Wednesday, May 22nd. Zacks Research analyst R. Department now anticipates that the company will earn $1.09 per share for the quarter, down from their prior estimate of $1.12. The consensus estimate for Johnson Controls International’s current full-year earnings is $3.59 per share. Zacks Research also issued estimates for Johnson Controls International’s Q4 2024 earnings at $1.24 EPS, FY2024 earnings at $3.62 EPS, Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $1.19 EPS, Q1 2026 earnings at $1.08 EPS and FY2026 earnings at $4.56 EPS.

JCI has been the topic of a number of other reports. UBS Group cut Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $74.00 to $68.00 in a research note on Monday, May 6th. Wells Fargo & Company boosted their price objective on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Melius Research restated a “hold” rating on shares of Johnson Controls International in a report on Tuesday, January 30th. HSBC lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a report on Wednesday, January 31st. Finally, Citigroup raised their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $63.00.

Johnson Controls International Price Performance

JCI stock opened at $73.90 on Thursday. The firm has a market cap of $49.78 billion, a P/E ratio of 29.92, a P/E/G ratio of 1.88 and a beta of 1.23. The firm’s fifty day moving average is $65.59 and its 200 day moving average is $59.18. Johnson Controls International has a 52 week low of $47.90 and a 52 week high of $74.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. Johnson Controls International’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share.

Institutional Investors Weigh In On Johnson Controls International

A number of institutional investors have recently made changes to their positions in the company. Optimum Investment Advisors increased its holdings in Johnson Controls International by 17.5% in the 4th quarter. Optimum Investment Advisors now owns 1,175 shares of the company’s stock worth $68,000 after buying an additional 175 shares in the last quarter. Raleigh Capital Management Inc. grew its position in Johnson Controls International by 3.9% in the 3rd quarter. Raleigh Capital Management Inc. now owns 4,767 shares of the company’s stock worth $254,000 after purchasing an additional 179 shares during the period. Glassy Mountain Advisors Inc. raised its stake in Johnson Controls International by 0.4% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 50,282 shares of the company’s stock valued at $3,284,000 after buying an additional 181 shares during the last quarter. BSW Wealth Partners increased its position in shares of Johnson Controls International by 4.3% during the 4th quarter. BSW Wealth Partners now owns 4,494 shares of the company’s stock valued at $259,000 after purchasing an additional 185 shares during the last quarter. Finally, HCR Wealth Advisors boosted its stake in shares of Johnson Controls International by 1.2% during the 4th quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock worth $935,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares in the company, valued at approximately $6,719,168.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the transaction, the chief operating officer now owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Juergen Tinggren sold 4,000 shares of the business’s 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 completion of the sale, the director now directly 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 17,272 shares of company stock worth $1,108,229 over the last ninety days. 0.69% of the stock is owned by corporate insiders.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s payout ratio is presently 59.92%.

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.