Zacks: Analysts Expect Johnson Controls International PLC (JCI) Will Post Quarterly Sales of $8.28 Billion

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Analysts predict that Johnson Controls International PLC (NYSE:JCI) will announce sales of $8.28 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Johnson Controls International’s earnings. The lowest sales estimate is $8.23 billion and the highest is $8.35 billion. Johnson Controls International posted sales of $8.14 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The company is scheduled to announce its next earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Johnson Controls International will report full-year sales of $31.30 billion for the current fiscal year, with estimates ranging from $31.24 billion to $31.38 billion. For the next financial year, analysts forecast that the business will report sales of $32.42 billion, with estimates ranging from $31.66 billion to $33.11 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Johnson Controls International.

Several research firms have recently weighed in on JCI. Wells Fargo & Co lowered their price objective on Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating for the company in a research report on Friday, September 28th. Royal Bank of Canada reissued a “sell” rating and issued a $34.00 price objective on shares of Johnson Controls International in a research report on Wednesday, August 1st. UBS Group lowered Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $44.00 to $40.00 in a research report on Tuesday, September 11th. Citigroup lifted their price objective on Johnson Controls International from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research raised Johnson Controls International from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $40.64.

Institutional investors have recently modified their holdings of the stock. First PREMIER Bank bought a new stake in Johnson Controls International in the 2nd quarter valued at about $118,000. TRUE Private Wealth Advisors bought a new stake in Johnson Controls International in the 3rd quarter valued at about $131,000. FTB Advisors Inc. bought a new stake in Johnson Controls International in the 2nd quarter valued at about $138,000. Point72 Hong Kong Ltd bought a new stake in Johnson Controls International in the 2nd quarter valued at about $156,000. Finally, Checchi Capital Advisers LLC bought a new stake in Johnson Controls International in the 3rd quarter valued at about $218,000. 93.04% of the stock is owned by institutional investors and hedge funds.

NYSE:JCI traded up $0.09 during trading hours on Wednesday, hitting $31.90. 1,399,499 shares of the company were exchanged, compared to its average volume of 5,326,433. The firm has a market cap of $28.97 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.94 and a beta of 0.85. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.48. Johnson Controls International has a one year low of $30.60 and a one year high of $41.98.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Friday, September 21st. Johnson Controls International’s payout ratio is 40.00%.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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