The trading price of Johnson Controls International plc (NYSE:JCI) closed higher on Tuesday,March 12, closing at $61.99, 1.27% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 20.17, while its 5Y monthly beta was 1.25. In examining the 52-week price action we see that the stock hit a 52-week high of $70.43 and a 52-week low of $47.90. Over the past month, the stock has gained 11.69% in value.
Johnson Controls International plc, whose market valuation is $42.24 billion at the time of this writing, is expected to release its quarterly earnings report May 03, 2024 – May 07, 2024. The dividend yield on the company stock is 2.37%, while its Forward Dividend ratio is 1.47. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.75 per share this quarter, however they have predicted annual earnings per share of $3.61 for 2024 and $4.11 for 2025. It means analysts are expecting annual earnings per share growth of 3.10% this year and 13.90% next year.
Analysts have forecast the company to bring in revenue of $6.74 billion for the current quarter, with the likely lows of $6.64 billion and highs of $6.92 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $27.84 billion. The company’s revenue is forecast to grow by 3.90% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Johnson Controls International plc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest JCI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.72, which symbolizes a positive outlook. A quick review shows that JCI’s price is currently 5.51% off the SMA20 and 9.13% off the SMA50. The RSI metric on the 14-day chart is currently showing 72.09, and weekly volatility stands at 1.29%. When measured over the past 30 days, the indicator reaches 1.62%. Johnson Controls International plc (NYSE:JCI)’s beta value is currently sitting at 1.25, while the Average True Range indicator is currently displaying 1.04.
To see how Johnson Controls International plc stock has been performing in comparison to its peers in the industry, here are the numbers: JCI stock’s performance was 1.27% in the latest trading, and 0.86% in the past year. Johnson Controls International plc has a P/E ratio of 20.17.
An evaluation of the daily trading volume of Johnson Controls International plc (NYSE:JCI) indicates that the 3-month average is 6.55 million. However, this figure has increased over the past 10 days to an average of 5.05 million.
Currently, records show that 680.37 million of the company’s shares remain outstanding. The insiders hold 0.83% of outstanding shares, whereas institutions hold 91.77%. The stats also highlight that short interest as of Feb 29, 2024, stood at 8.5 million shares, resulting in a short ratio of 1.38 at that time. From this, we can conclude that short interest is 1.25% of the company’s total outstanding shares. It is noteworthy that short shares in February were down slightly from the previous month’s figure, which was 9.46 million. However, since the stock’s price has seen 7.55% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
