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 EPS guidance of 3.600-3.750 for the period, compared to the consensus EPS estimate of 3.600. The company issued revenue guidance of -. Johnson Controls International also updated its FY24 guidance to $3.60-$3.75 EPS.

Johnson Controls International Stock Up 2.7 %

Shares of JCI stock traded up $1.63 during trading hours on Friday, reaching $62.38. The company had a trading volume of 7,096,178 shares, compared to its average volume of 4,978,445. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $70.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.73. The business has a fifty day simple moving average of $63.31 and a 200-day simple moving average of $57.22. The company has a market cap of $42.02 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, research analysts expect that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.37%. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price target on Johnson Controls International from $64.00 to $73.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Melius Research reiterated a hold rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a hold rating and set a $60.00 price target (down from $65.00) on shares of Johnson Controls International in a report on Wednesday, January 31st. HSBC lowered Johnson Controls International from a buy rating to a hold rating and set a $60.00 price target on the stock. in a report on Wednesday, January 31st. Finally, Citigroup lifted their price target on 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, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $64.25.

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.