FY2017 EPS Estimates for Johnson Controls International PLC (JCI) Cut by Analyst

Johnson Controls International PLC (NYSE:JCI) – Stock analysts at William Blair lowered their FY2017 earnings per share estimates for Johnson Controls International PLC in a research note issued to investors on Friday. William Blair analyst N. Heymann now forecasts that the auto parts company will post earnings of $2.62 per share for the year, down from their previous forecast of $2.66. William Blair also issued estimates for Johnson Controls International PLC’s Q4 2017 earnings at $0.88 EPS.

A number of other research analysts have also recently issued reports on JCI. Zacks Investment Research cut shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Cowen and Company reaffirmed a “buy” rating and issued a $52.00 target price on shares of Johnson Controls International PLC in a report on Thursday, April 27th. ValuEngine cut shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. JMP Securities started coverage on shares of Johnson Controls International PLC in a report on Monday, June 19th. They issued an “outperform” rating and a $54.00 target price for the company. Finally, BidaskClub raised shares of Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Johnson Controls International PLC currently has an average rating of “Buy” and a consensus target price of $50.70.

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Johnson Controls International PLC (NYSE JCI) traded down 0.56% during midday trading on Monday, reaching $38.73. The company’s stock had a trading volume of 550,995 shares. The company’s 50-day moving average is $42.66 and its 200 day moving average is $42.16. Johnson Controls International PLC has a 52 week low of $38.65 and a 52 week high of $50.10. The firm’s market capitalization is $36.11 billion.

Johnson Controls International PLC (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $7.72 billion. During the same period in the previous year, the business earned $1.07 EPS. Johnson Controls International PLC’s quarterly revenue was up 48.8% on a year-over-year basis.

Institutional investors have recently made changes to their positions in the stock. American International Group Inc. raised its position in shares of Johnson Controls International PLC by 0.8% in the first quarter. American International Group Inc. now owns 467,845 shares of the auto parts company’s stock worth $19,706,000 after buying an additional 3,499 shares during the period. Busey Trust CO bought a new position in shares of Johnson Controls International PLC during the first quarter worth $2,994,000. Bank of New York Mellon Corp raised its position in shares of Johnson Controls International PLC by 19.2% in the first quarter. Bank of New York Mellon Corp now owns 9,214,364 shares of the auto parts company’s stock worth $388,108,000 after buying an additional 1,483,178 shares during the period. PGGM Investments raised its position in shares of Johnson Controls International PLC by 15.7% in the first quarter. PGGM Investments now owns 1,091,359 shares of the auto parts company’s stock worth $45,968,000 after buying an additional 148,000 shares during the period. Finally, Financial Counselors Inc. raised its position in shares of Johnson Controls International PLC by 2.8% in the first quarter. Financial Counselors Inc. now owns 21,317 shares of the auto parts company’s stock worth $898,000 after buying an additional 586 shares during the period. Institutional investors own 84.23% of the company’s stock.

In other Johnson Controls International PLC news, CEO Alex A. Molinaroli sold 6,335 shares of Johnson Controls International PLC stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $41.96, for a total value of $265,816.60. Following the transaction, the chief executive officer now owns 1,296,407 shares in the company, valued at approximately $54,397,237.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

The business also recently declared a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Wednesday, June 28th were issued a $0.25 dividend. The ex-dividend date was Monday, June 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.57%. Johnson Controls International PLC’s dividend payout ratio (DPR) is presently -196.08%.

About Johnson Controls International PLC

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.

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

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