Johnson Controls International (JCI) Issues FY 2019 Earnings Guidance
Johnson Controls International (NYSE:JCI) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $2.90-3.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.81. Johnson Controls International also updated its FY19 guidance to $2.90-3.05 EPS.
A number of research analysts have recently commented on the company. Wells Fargo & Co lowered their target price on Johnson Controls International from $41.00 to $38.00 and set a market perform rating for the company in a research note on Friday, September 28th. Royal Bank of Canada restated a sell rating and issued a $34.00 target price on shares of Johnson Controls International in a research note on Wednesday, August 1st. UBS Group cut Johnson Controls International from a buy rating to a neutral rating and lowered their target price for the company from $44.00 to $40.00 in a research note on Tuesday, September 11th. Citigroup raised their target price on Johnson Controls International from $45.00 to $46.00 and gave the company a buy rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded Johnson Controls International from a sell rating to a hold rating in a research note on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $40.29.
Shares of NYSE:JCI opened at $34.35 on Friday. The firm has a market cap of $30.89 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 1.01 and a beta of 0.87. Johnson Controls International has a 12-month low of $30.60 and a 12-month high of $41.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.79.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Monday, September 24th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, September 21st.
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About Johnson Controls International
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.
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