Stock Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls reports double digit increase in 2016 second quarter adjusted earnings per share; raises fiscal year 2016 earnings guidance

[PR Newswire] – MILWAUKEE, April 21, 2016 /PRNewswire/ — For the second quarter of fiscal 2016, Johnson Controls ( NYSE:JCI ), a global multi-industrial company, reported $9.0 billion in revenues and a net loss from continuing … Read more on this. Johnson Controls Inc. (JCI) , with a current value of $26.80B, began trading this morning at $40.51. During the trading session, JCI traded between $40.16 to $41.49 with its 52-week range being $33.62 to $54.52. Johnson Controls (JCI) shares are currently priced at 10.51x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.11x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.16 per share annually in dividends, yielding 2.96%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $0.82 per share, which would be $0.09 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.78 which would be a $0.36 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.02 Billion. If reported, that would be a 1.96% 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 the stock is $46.38, which is 14.49% above where the stock opened this morning. See more in (NYSE:JCI) Similar Articles: Company Update (NYSE:JCI): Johnson Controls announces Second Quarter 2016 Earnings Conference Call Webcast Stock Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls reports double digit 2016 first quarter adjusted earnings per share improvement Market Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls announces First Quarter 2016 Earnings Conference Call Webcast