Johnson Controls (JCI) Releases Quarterly Earnings, Meets Expectations

Johnson Controls (JCI) issued its quarterly earnings data on Friday. The company reported $0.53 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.53. Johnson Controls’s revenue was up 4.2% compared to the same quarter last year.

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 (NYSE: BCS) 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 (NYSE: JEF) reiterated a “hold” rating on shares of Johnson Controls in a research note to investors on Monday, April 23rd.

Johnson Controls (JCI) opened at 31.30 on Thursday. Johnson Controls (JCI) has a 52-week low of $24.29 and a 52-week high of $42.92. The company has a market cap of $21.290 billion and a price-to-earnings ratio of 12.96.

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.

Stay ahead of the market with Analyst Ratings Network's daily email update that provides a summary of analysts' upgrades, downgrades and new coverage. Click here to register now.

Posted by Web Inquirer Staff on 17 May 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.