Wall Street brokerages forecast that Johnson Controls International PLC (NYSE:JCI) will post sales of $8.14 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Johnson Controls International PLC’s earnings. The highest sales estimate is $8.17 billion and the lowest is $8.11 billion. Johnson Controls International PLC posted sales of $10.20 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 20.2%. The firm is scheduled to announce its next earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that Johnson Controls International PLC will report full year sales of $8.14 billion for the current financial year, with estimates ranging from $30.11 billion to $30.40 billion. For the next fiscal year, analysts anticipate that the company will post sales of $30.97 billion per share, with estimates ranging from $30.66 billion to $31.39 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Johnson Controls International PLC.

Johnson Controls International PLC (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.71. The business had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The firm’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share.

JCI has been the subject of a number of recent research reports. JMP Securities initiated coverage on shares of Johnson Controls International PLC in a research note on Monday, June 19th. They issued an “outperform” rating and a $54.00 price objective for the company. BidaskClub upgraded shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research lowered shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Morgan Stanley reiterated an “overweight” rating and issued a $51.00 price objective (up from $50.00) on shares of Johnson Controls International PLC in a research note on Monday, July 10th. Finally, Wolfe Research initiated coverage on shares of Johnson Controls International PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.00.

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Several large investors have recently modified their holdings of JCI. Dodge & Cox raised its stake in shares of Johnson Controls International PLC by 83.5% during the second quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after acquiring an additional 26,319,624 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Johnson Controls International PLC by 144.1% during the second quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock valued at $211,505,000 after acquiring an additional 2,879,948 shares during the last quarter. Capital World Investors raised its stake in shares of Johnson Controls International PLC by 4.7% during the second quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock valued at $1,838,721,000 after acquiring an additional 1,917,892 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Johnson Controls International PLC by 20.1% during the first quarter. Lazard Asset Management LLC now owns 11,231,816 shares of the auto parts company’s stock valued at $473,083,000 after acquiring an additional 1,883,034 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Johnson Controls International PLC during the second quarter valued at about $77,094,000. 86.09% of the stock is owned by hedge funds and other institutional investors.

Shares of Johnson Controls International PLC (JCI) opened at 41.20 on Friday. The company’s 50-day moving average price is $39.53 and its 200-day moving average price is $41.19. Johnson Controls International PLC has a 12 month low of $36.74 and a 12 month high of $46.17. The firm’s market cap is $38.41 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, September 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio (DPR) is -196.08%.

Johnson Controls International PLC Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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Earnings History and Estimates for Johnson Controls International PLC (NYSE:JCI)

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