For its second fiscal quarter (ending March 31), Johnson Controls International P (NYSE: JCI) has reported a -316% decline in E.P.S. from $0.19 a year ago to $-0.41 in the current quarter. Relative to the consensus estimate of $0.87, this was a shortfall of $-1.28. E.P.S. were $2.48 for the latest four quarters through March 31 versus $2.01 for the same period a year ago — an increase of 23%.
Recent Price Action
On 5/1/24, Johnson Controls International P (NYSE: JCI) stock suffered a large decline of -7.1%, closing at $60.47. Moreover, trading volume in this decline was exceptionally high at 292% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, JCI is expected to continue to be a major Value Builder.
Johnson Controls has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Johnson Controls has a poor Appreciation Score of 25 but a slightly positive Power Rating of 68, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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