Johnson Controls International (NYSE:JCI) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Johnson Controls International (NYSE:JCI) issued its earnings results on Tuesday. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.07, Zacks reports. The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.04 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.

Johnson Controls International Stock Performance

NYSE:JCI opened at $147.42 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The firm has a market cap of $89.30 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.07 and a beta of 1.27. The firm’s fifty day moving average price is $146.93 and its 200 day moving average price is $139.75. Johnson Controls International has a 1-year low of $108.41 and a 1-year high of $160.41.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is 27.83%.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares in the company, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $186.00 to $191.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Mizuho lifted their price objective on shares of Johnson Controls International from $150.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, October 15th. UBS Group reaffirmed a “buy” rating on shares of Johnson Controls International in a report on Wednesday, September 16th. Zacks Research downgraded shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $163.05.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.