Equities analysts predict that Johnson Controls International plc Ordinary Share (NYSE:JCI) will post $7.46 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Johnson Controls International plc Ordinary Share’s earnings, with estimates ranging from $7.31 billion to $7.59 billion. Johnson Controls International plc Ordinary Share posted sales of $7.27 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The firm is scheduled to announce its next earnings results on Thursday, April 26th.

On average, analysts expect that Johnson Controls International plc Ordinary Share will report full-year sales of $7.46 billion for the current year, with estimates ranging from $30.50 billion to $31.40 billion. For the next year, analysts forecast that the firm will report sales of $32.08 billion per share, with estimates ranging from $31.45 billion to $32.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Johnson Controls International plc Ordinary Share.

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Johnson Controls International plc Ordinary Share (NYSE:JCI) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.19 billion. Johnson Controls International plc Ordinary Share had a net margin of 5.92% and a return on equity of 11.73%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share.

A number of equities research analysts recently issued reports on the stock. Goldman Sachs downgraded shares of Johnson Controls International plc Ordinary Share from a “neutral” rating to a “sell” rating and boosted their target price for the company from $37.36 to $44.00 in a report on Thursday, December 7th. Zacks Investment Research upgraded shares of Johnson Controls International plc Ordinary Share from a “sell” rating to a “hold” rating in a report on Monday, February 5th. TheStreet downgraded shares of Johnson Controls International plc Ordinary Share from a “b” rating to a “c+” rating in a report on Monday, December 18th. Cowen downgraded shares of Johnson Controls International plc Ordinary Share from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $44.00 to $42.00 in a report on Thursday, January 18th. Finally, Robert W. Baird downgraded shares of Johnson Controls International plc Ordinary Share from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $48.00 to $42.00 in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $46.25.

JCI stock traded down $0.09 during trading on Thursday, reaching $36.70. 7,011,590 shares of the company were exchanged, compared to its average volume of 4,516,646. Johnson Controls International plc Ordinary Share has a 52-week low of $34.51 and a 52-week high of $44.37. The stock has a market capitalization of $33,988.71, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

Johnson Controls International plc Ordinary Share announced that its board has initiated a stock repurchase program on Thursday, December 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, March 16th. This represents a $1.04 annualized dividend and a yield of 2.83%. Johnson Controls International plc Ordinary Share’s dividend payout ratio is currently 53.89%.

In other Johnson Controls International plc Ordinary Share news, VP Jeffrey M. Williams sold 27,734 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $40.00, for a total transaction of $1,109,360.00. Following the completion of the sale, the vice president now directly owns 201,961 shares in the company, valued at $8,078,440. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rodney M. Rushing sold 14,199 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $37.88, for a total transaction of $537,858.12. Following the sale, the insider now owns 39,847 shares of the company’s stock, valued at $1,509,404.36. The disclosure for this sale can be found here. 0.43% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JCI. Synovus Financial Corp boosted its stake in shares of Johnson Controls International plc Ordinary Share by 21.8% in the third quarter. Synovus Financial Corp now owns 7,592 shares of the auto parts company’s stock valued at $307,000 after purchasing an additional 1,359 shares during the period. Lafayette Investments Inc. boosted its stake in shares of Johnson Controls International plc Ordinary Share by 3.0% in the fourth quarter. Lafayette Investments Inc. now owns 48,175 shares of the auto parts company’s stock valued at $1,836,000 after purchasing an additional 1,390 shares during the period. NWQ Investment Management Company LLC boosted its stake in shares of Johnson Controls International plc Ordinary Share by 0.3% in the third quarter. NWQ Investment Management Company LLC now owns 436,495 shares of the auto parts company’s stock valued at $17,586,000 after purchasing an additional 1,400 shares during the period. Saturna Capital CORP boosted its stake in shares of Johnson Controls International plc Ordinary Share by 0.3% in the third quarter. Saturna Capital CORP now owns 524,392 shares of the auto parts company’s stock valued at $21,139,000 after purchasing an additional 1,400 shares during the period. Finally, Oarsman Capital Inc. boosted its stake in shares of Johnson Controls International plc Ordinary Share by 1.8% in the fourth quarter. Oarsman Capital Inc. now owns 80,318 shares of the auto parts company’s stock valued at $3,061,000 after purchasing an additional 1,422 shares during the period. Institutional investors own 91.16% of the company’s stock.

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About Johnson Controls International plc Ordinary Share

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 Ordinary Share (NYSE:JCI)

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