Johnson Controls International (JCI) Scheduled to Post Quarterly Earnings on Wednesday

Johnson Controls International (NYSE:JCI) is scheduled to post its quarterly earnings results before the market opens on Wednesday, July 31st. Analysts expect Johnson Controls International to post earnings of $1.08 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. During the same period in the prior year, the company earned $0.75 EPS. Johnson Controls International’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, analysts expect Johnson Controls International to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Johnson Controls International Price Performance

Johnson Controls International stock traded up $0.31 during midday trading on Tuesday, reaching $69.61. The company’s stock had a trading volume of 543,831 shares, compared to its average volume of 5,300,934. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The stock has a market cap of $46.89 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.80 and a beta of 1.28. Johnson Controls International has a 52 week low of $47.90 and a 52 week high of $74.23. The business has a 50-day moving average price of $69.54 and a 200-day moving average price of $64.05.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, June 24th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, June 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Oppenheimer raised their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. The Goldman Sachs Group boosted their price objective on Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Robert W. Baird increased their target price on Johnson Controls International from $62.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and cut their price target for the company from $74.00 to $68.00 in a research note on Monday, May 6th. Finally, Wells Fargo & Company upped their price objective on Johnson Controls International from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $65.23.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the sale, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the transaction, the director now directly owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the sale, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,067 shares of company stock worth $1,163,404. 0.69% of the stock is currently 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.