Johnson Controls (JCI) Announces Quarterly Earnings Results, Meets Expectations

Johnson Controls (JCI) announced its earnings results on Friday. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The company’s revenue for the quarter was up 4.2% on a year-over-year basis.

JCI has been the subject of a number of recent research reports. Analysts at Wolfe Trahan downgraded shares of Johnson Controls from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, April 24th. On a related note, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Johnson Controls in a research note to investors on Monday, April 23rd. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Johnson Controls in a research note to investors on Monday, April 23rd.

Johnson Controls (JCI) traded down 1.18% on Wednesday, hitting $28.41. Johnson Controls (JCI) has a 1-year low of $24.29 and a 1-year high of $42.92. The company has a market cap of $19.324 billion and a price-to-earnings ratio of 11.87.

Johnson Controls, Inc. (Johnson Controls) provides automotive interiors. It provides batteries for automobiles and hybrid electric vehicles, along with related systems engineering, marketing and service expertise.

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Posted by Web Inquirer Staff on 21 Jun 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.