FY2023 Earnings Estimate for Johnson Controls International plc Issued By Zacks Research (NYSE:JCI)

Johnson Controls International plc (NYSE:JCI - Free Report) - Research analysts at Zacks Research dropped their FY2023 earnings per share estimates for shares of Johnson Controls International in a research note issued on Wednesday, August 16th. Zacks Research analyst E. Haque now forecasts that the company will post earnings of $3.55 per share for the year, down from their previous estimate of $3.56. The consensus estimate for Johnson Controls International's current full-year earnings is $3.55 per share. Zacks Research also issued estimates for Johnson Controls International's Q4 2023 earnings at $1.10 EPS, Q1 2024 earnings at $0.76 EPS, Q1 2025 earnings at $0.87 EPS and FY2025 earnings at $4.53 EPS.

A number of other brokerages have also issued reports on JCI. Royal Bank of Canada dropped their target price on Johnson Controls International from $68.00 to $67.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 3rd. StockNews.com began coverage on Johnson Controls International in a research note on Thursday. They set a "buy" rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $70.00 to $72.00 in a research note on Monday, May 8th. Oppenheimer reduced their price objective on shares of Johnson Controls International from $79.00 to $78.00 and set an "outperform" rating on the stock in a research note on Thursday, August 3rd. Finally, Barclays dropped their target price on shares of Johnson Controls International from $70.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.33.

Check Out Our Latest Analysis on Johnson Controls International

Shares of JCI stock opened at $59.29 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 0.80. The company's fifty day moving average price is $65.70 and its two-hundred day moving average price is $62.80. The firm has a market capitalization of $40.34 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.19 and a beta of 1.23. Johnson Controls International has a 12 month low of $48.82 and a 12 month high of $70.43.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $1.03 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.03. The company had revenue of $7.13 billion for the quarter, compared to analyst estimates of $7.20 billion. Johnson Controls International had a net margin of 7.74% and a return on equity of 13.69%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share.

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Johnson Controls International by 0.6% during the 2nd quarter. State Street Corp now owns 28,325,223 shares of the company's stock valued at $1,940,388,000 after purchasing an additional 156,951 shares during the period. Geode Capital Management LLC increased its position in Johnson Controls International by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 12,489,830 shares of the company's stock valued at $848,460,000 after acquiring an additional 248,016 shares during the period. Fisher Asset Management LLC boosted its position in Johnson Controls International by 6.0% during the 2nd quarter. Fisher Asset Management LLC now owns 12,014,670 shares of the company's stock worth $818,834,000 after acquiring an additional 680,073 shares during the period. Morgan Stanley boosted its position in Johnson Controls International by 40.7% during the 4th quarter. Morgan Stanley now owns 9,990,590 shares of the company's stock worth $639,398,000 after acquiring an additional 2,890,395 shares during the period. Finally, Putnam Investments LLC grew its stake in shares of Johnson Controls International by 0.5% in the first quarter. Putnam Investments LLC now owns 8,817,559 shares of the company's stock worth $530,993,000 after purchasing an additional 44,284 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Tuesday, June 20th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, June 16th. This is a positive change from Johnson Controls International's previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 2.50%. Johnson Controls International's dividend payout ratio is 49.50%.

Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.

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