Johnson Controls International (NYSE:JCI) announced its earnings results on Thursday. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02, Briefing.com reports. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.42 billion. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. Johnson Controls International’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. Johnson Controls International updated its FY20 guidance to $2.50-2.60 EPS.
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NYSE:JCI traded up $0.23 during trading hours on Friday, hitting $42.52. 4,832,903 shares of the company’s stock traded hands, compared to its average volume of 5,578,074. The firm has a market cap of $34.92 billion, a P/E ratio of 15.02, a P/E/G ratio of 1.77 and a beta of 0.94. Johnson Controls International has a twelve month low of $28.30 and a twelve month high of $44.82. 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 stock’s fifty day moving average price is $42.94 and its two-hundred day moving average price is $41.26.
In other news, Director Gretchen R. Haggerty bought 6,220 shares of the company’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $41.40 per share, with a total value of $257,508.00. Following the transaction, the director now directly owns 12,860 shares in the company, valued at approximately $532,404. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 21,807 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $43.89, for a total value of $957,109.23. Insiders have sold 177,702 shares of company stock worth $7,716,908 over the last three months. 0.50% of the stock is owned by insiders.
JCI has been the topic of a number of recent analyst reports. Credit Suisse Group boosted their target price on Johnson Controls International from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target 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 upped their price target on Johnson Controls International from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday. Finally, ValuEngine lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Johnson Controls International 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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