Wall Street analysts forecast that Johnson Controls International PLC (NYSE:JCI) will announce sales of $6.42 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Johnson Controls International’s earnings. The highest sales estimate is $6.49 billion and the lowest is $6.35 billion. Johnson Controls International reported sales of $8.12 billion in the same quarter last year, which would suggest a negative year over year growth rate of 20.9%. The business is scheduled to announce its next quarterly earnings report on Tuesday, July 30th.

On average, analysts expect that Johnson Controls International will report full-year sales of $24.02 billion for the current fiscal year, with estimates ranging from $23.90 billion to $24.12 billion. For the next year, analysts forecast that the firm will report sales of $24.84 billion, with estimates ranging from $24.62 billion to $25.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Johnson Controls International.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Johnson Controls International had a return on equity of 9.85% and a net margin of 8.52%. The firm had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.79 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year.

Several equities analysts have issued reports on JCI shares. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. Zacks Investment Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Monday. Cowen reiterated a “hold” rating and issued a $32.00 price objective (down previously from $38.00) on shares of Johnson Controls International in a research report on Friday, February 15th. ValuEngine upgraded Johnson Controls International from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Credit Suisse Group started coverage on Johnson Controls International in a research report on Monday, May 13th. They issued a “neutral” rating and a $42.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.45.

Shares of JCI opened at $38.76 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. Johnson Controls International has a 52-week low of $28.30 and a 52-week high of $40.33. The firm has a market capitalization of $35.46 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06.

Johnson Controls International announced that its board has authorized a share repurchase program on Thursday, March 7th that permits the company to buyback $8.50 billion in shares. This buyback authorization permits the company to reacquire up to 26% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, VP Brian J. Stief sold 126,158 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $39.09, for a total transaction of $4,931,516.22. Following the completion of the sale, the vice president now owns 154,860 shares in the company, valued at $6,053,477.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert M. Vanhimbergen sold 3,907 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.33, for a total value of $153,662.31. Following the sale, the vice president now owns 26,094 shares of the company’s stock, valued at approximately $1,026,277.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,384 shares of company stock valued at $6,861,650. 0.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JCI. Norges Bank bought a new stake in Johnson Controls International in the fourth quarter valued at about $188,299,000. Oregon Public Employees Retirement Fund increased its holdings in Johnson Controls International by 6,114.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,325,442 shares of the company’s stock valued at $213,000 after purchasing an additional 6,223,662 shares during the last quarter. BlackRock Inc. increased its holdings in Johnson Controls International by 4.3% in the fourth quarter. BlackRock Inc. now owns 62,579,756 shares of the company’s stock valued at $1,855,489,000 after purchasing an additional 2,602,524 shares during the last quarter. Millennium Management LLC increased its holdings in Johnson Controls International by 948.2% in the fourth quarter. Millennium Management LLC now owns 1,725,672 shares of the company’s stock valued at $51,166,000 after purchasing an additional 1,561,043 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in Johnson Controls International by 394.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,762,803 shares of the company’s stock valued at $52,267,000 after purchasing an additional 1,406,522 shares during the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock.

About Johnson Controls International

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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Earnings History and Estimates for Johnson Controls International (NYSE:JCI)

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