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Market Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls announces First Quarter 2016 Earnings Conference Call Webcast

[PR Newswire] – MILWAUKEE, Jan. 19, 2016 /PRNewswire/ — Johnson Controls, (NYSE: JCI), a global multi-industrial company announces the following webcast: What: Johnson Controls First Quarter Fiscal 2016 Earnings Conference … Read more on this. Johnson Controls Inc. (JCI) , currently valued at $22.36B, began trading this morning at $35.07. Looking at today’s trading action, the company’s one day range from $34.41 to $35.43 with a trailing 52-week range being $33.62 to $54.52. JCI shares are currently priced at 9.21x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 9.65x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $1.16 per share annually in dividends, yielding 3.29%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $0.82 per share, which would be $0.03 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $3.77 which would be a $0.35 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.27 Billion. If realized, that would be a 13.12% decrease over the year-ago quarter. Recently, Oppenheimer Initiated JCI at Outperform (Jan 7, 2016). Previously, Nomura upgraded JCI from Neutral to Buy. The average price target for JCI shares by the analysts covering it is $50.47, which is 43.91% above where the stock opened. See more in (NYSE:JCI) Similar Articles: Market Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls Announces New Automotive Company to be Named Adient Company Update (NYSE:JCI): Johnson Controls marks 50 years being listed on the New York Stock Exchange Market Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls reports record fiscal third quarter earnings from continuing operations; Announces planned tax-free spin-off of its Automotive Experience business
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