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 Trading Up 2.7 %

Shares of NYSE JCI traded up $1.63 during midday trading 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 one year low of $47.90 and a one year high of $70.43. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average price is $63.31 and its 200-day moving average price is $57.22. The stock has a market cap of $42.02 billion, a PE 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 released 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 during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the company posted $0.75 EPS. Johnson Controls International’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Johnson Controls International will post 3.61 earnings per share for the current 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 is presently 59.92%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JCI. Argus downgraded Johnson Controls International from a buy rating to a hold rating in a report on Tuesday, February 20th. HSBC downgraded 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. Citigroup boosted their price target on Johnson Controls International from $59.00 to $68.00 and gave the company a neutral rating in a report on Monday, April 8th. Melius Research restated a hold rating on shares of Johnson Controls International in a report on Tuesday, January 30th. Finally, Oppenheimer reduced their target price on Johnson Controls International from $71.00 to $70.00 and set an outperform rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus 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.