Brokerages expect that Johnson Controls International PLC (NYSE:JCI) will announce $8.13 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Johnson Controls International PLC’s earnings, with the highest sales estimate coming in at $8.15 billion and the lowest estimate coming in at $8.11 billion. Johnson Controls International PLC reported sales of $10.20 billion during the same quarter last year, which indicates a negative year over year growth rate of 20.3%. The firm is scheduled to issue its next earnings report on Tuesday, November 14th.

According to Zacks, analysts expect that Johnson Controls International PLC will report full year sales of $8.13 billion for the current financial year, with estimates ranging from $30.11 billion to $30.36 billion. For the next fiscal year, analysts forecast that the firm will post sales of $30.94 billion per share, with estimates ranging from $30.51 billion to $31.39 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow 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 for the quarter, hitting analysts’ consensus estimates of $0.71. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The company had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year.

Several equities analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Johnson Controls International PLC in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. TheStreet upgraded shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Morgan Stanley lowered their price objective on shares of Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday. BidaskClub cut shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, JMP Securities assumed coverage on shares of Johnson Controls International PLC in a research report on Monday, June 19th. They set an “outperform” rating and a $54.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.43.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new position in Johnson Controls International PLC during the first quarter worth $100,000. Bessemer Group Inc. raised its position in Johnson Controls International PLC by 5.5% in the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $110,000 after buying an additional 133 shares in the last quarter. Grove Bank & Trust raised its position in Johnson Controls International PLC by 57.7% in the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock worth $117,000 after buying an additional 985 shares in the last quarter. First PREMIER Bank raised its position in Johnson Controls International PLC by 366.2% in the second quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock worth $146,000 after buying an additional 2,640 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. raised its position in Johnson Controls International PLC by 4.2% in the second quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock worth $161,000 after buying an additional 150 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International PLC (NYSE JCI) opened at 38.89 on Friday. The stock’s market cap is $36.26 billion. The firm’s 50 day moving average price is $42.07 and its 200-day moving average price is $41.96. Johnson Controls International PLC has a 52 week low of $38.51 and a 52 week high of $49.83.

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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