Johnson Controls Inc (JCI) Releases Q4 Earnings Guidance
Johnson Controls Inc (NYSE:JCI) issued an update on its fourth quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.00-1.02 for the period, compared to the Thomson Reuters consensus estimate of $1.01, Analyst RN reports.
Shares of Johnson Controls Inc (NYSE:JCI) opened at 49.88 on Friday. Johnson Controls Inc has a 52 week low of $39.13 and a 52 week high of $52.50. The stock has a 50-day moving average of $50.01 and a 200-day moving average of $48.2. The company has a market cap of $33.128 billion and a price-to-earnings ratio of 24.61.
Johnson Controls (NYSE:JCI) last announced its earnings results on Friday, July 18th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.01. The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.82 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Johnson Controls Inc will post $3.15 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Buckingham Research initiated coverage on shares of Johnson Controls in a research note on Tuesday. They set a buy rating on the stock. On a related note, analysts at Goldman Sachs raised their price target on shares of Johnson Controls from $53.00 to $54.00 in a research note on Monday. Finally, analysts at Barclays cut their price target on shares of Johnson Controls from $60.00 to $59.00 in a research note on Monday. They now have an overweight rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $64.00.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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