Johnson Controls International (NYSE:JCI) issued its earnings results on Thursday. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02, Briefing.com reports. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Johnson Controls International’s revenue for the quarter was up 1.5% on a year-over-year basis. Johnson Controls International updated its FY20 guidance to $2.50-2.60 EPS.
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Shares of Johnson Controls International stock traded up $0.23 during midday trading on Friday, reaching $42.52. 4,832,903 shares of the company’s stock traded hands, compared to its average volume of 5,578,074. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.41. The company has a market cap of $34.92 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94. The stock has a 50 day moving average of $42.94 and a 200-day moving average of $41.26. Johnson Controls International has a 12 month low of $28.30 and a 12 month high of $44.82.
In other Johnson Controls International news, CEO George Oliver sold 21,807 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $43.89, for a total value of $957,109.23. Also, Director Gretchen R. Haggerty acquired 6,220 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $41.40 per share, with a total value of $257,508.00. Following the acquisition, the director now owns 12,860 shares of the company’s stock, valued at approximately $532,404. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 177,702 shares of company stock valued at $7,716,908. 0.50% of the stock is owned by corporate insiders.
Several analysts have weighed in on JCI shares. JPMorgan Chase & Co. boosted their price objective on Johnson Controls International from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Argus boosted their price objective on Johnson Controls International from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday. ValuEngine downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Credit Suisse Group boosted their price objective on Johnson Controls International from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Johnson Controls International currently has a consensus rating of “Buy” and an average target price of $41.78.
Johnson Controls International Company Profile
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. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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