William Blair Weighs in on Johnson Controls International PLC’s Q1 2018 Earnings (JCI)

Johnson Controls International PLC (NYSE:JCI) – Research analysts at William Blair issued their Q1 2018 EPS estimates for Johnson Controls International PLC in a research note issued on Thursday. William Blair analyst N. Heymann anticipates that the auto parts company will post earnings per share of $0.53 for the quarter. William Blair also issued estimates for Johnson Controls International PLC’s Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.79 EPS, Q4 2018 earnings at $0.96 EPS, FY2018 earnings at $2.80 EPS, FY2019 earnings at $3.20 EPS and FY2020 earnings at $3.65 EPS.

Several other brokerages have also commented on JCI. Citigroup Inc. reissued a “buy” rating and set a $50.00 price objective (up previously from $47.00) on shares of Johnson Controls International PLC in a report on Monday, October 9th. Cowen and Company reissued an “outperform” rating and set a $48.00 price objective on shares of Johnson Controls International PLC in a report on Monday, August 21st. Zacks Investment Research raised Johnson Controls International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Robert W. Baird cut their price objective on Johnson Controls International PLC from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, November 10th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $45.00 price objective (down previously from $50.00) on shares of Johnson Controls International PLC in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $47.79.

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Shares of Johnson Controls International PLC (NYSE:JCI) traded down $0.11 on Monday, hitting $35.89. The stock had a trading volume of 12,358,400 shares, compared to its average volume of 5,122,389. Johnson Controls International PLC has a 12-month low of $35.62 and a 12-month high of $46.17. The company has a market capitalization of $33,408.00, a PE ratio of 13.79, a PEG ratio of 0.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.04.

Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.87. Johnson Controls International PLC had a return on equity of 11.91% and a net margin of 6.32%. The firm had revenue of $8.14 billion for the quarter, compared to analysts’ expectations of $8.10 billion. During the same period in the prior year, the business posted $1.21 earnings per share. The company’s revenue was up 30.1% on a year-over-year basis.

In other Johnson Controls International PLC news, VP Jeffrey M. Williams sold 1,955 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total value of $80,995.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in JCI. Dodge & Cox raised its holdings in shares of Johnson Controls International PLC by 83.5% during the second quarter. Dodge & Cox now owns 57,851,274 shares of the auto parts company’s stock valued at $2,508,431,000 after acquiring an additional 26,319,624 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Johnson Controls International PLC by 144.1% during the second quarter. The Manufacturers Life Insurance Company now owns 4,877,880 shares of the auto parts company’s stock valued at $211,505,000 after acquiring an additional 2,879,948 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Johnson Controls International PLC by 31.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 11,885,205 shares of the auto parts company’s stock valued at $478,855,000 after acquiring an additional 2,812,690 shares in the last quarter. Capital World Investors raised its holdings in shares of Johnson Controls International PLC by 4.7% during the second quarter. Capital World Investors now owns 42,405,917 shares of the auto parts company’s stock valued at $1,838,721,000 after acquiring an additional 1,917,892 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Johnson Controls International PLC during the second quarter valued at approximately $77,094,000. Institutional investors own 85.98% of the company’s stock.

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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