Johnson Controls International (NYSE:JCI) Releases FY 2024 Earnings Guidance

Johnson Controls International (NYSE:JCI) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.600-3.750 for the period, compared to the consensus 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 %

Johnson Controls International stock traded up $1.63 during 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. The firm has a market capitalization of $42.02 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.73 and a current ratio of 0.87. Johnson Controls International has a 12-month low of $47.90 and a 12-month high of $70.43. The stock’s 50 day moving average price is $63.31 and its two-hundred day moving average price is $57.22.

Johnson Controls International (NYSE:JCI) last announced its quarterly 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. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. Johnson Controls International’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. As a group, equities analysts expect that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were given 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 dividend yield of 2.37%. Johnson Controls International’s payout ratio is currently 59.92%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on JCI shares. StockNews.com cut shares of Johnson Controls International from a buy rating to a hold rating in a report on Thursday, January 25th. Oppenheimer cut their price target on shares of Johnson Controls International from $71.00 to $70.00 and set an outperform rating on the stock in a report on Thursday. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Citigroup upped their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a neutral rating in a report on Monday, April 8th. Finally, Barclays cut their price target on shares of Johnson Controls International from $61.00 to $59.00 and set an equal weight rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently 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.