Company Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls announces quarterly dividend

[PR Newswire] – MILWAUKEE, May 17, 2016 /PRNewswire/ — The board of directors of Johnson Controls, (NYSE: JCI), a global multi-industrial company, has authorized a regular quarterly cash dividend of $0.29 per common … Read more on this. Johnson Controls Inc. (JCI) , currently valued at $27.70B, opened at $42.36. Looking at today’s trading action, the company’s one day range from $42.09 to $42.85 with the price of the stock fluctuating between $33.62 to $54.52 over the last 52 weeks. JCI shares are currently priced at 10.53x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 10.90x forward p/e ratio. And for income investors, the company pays shareholders $1.16 per share annually in dividends, yielding 2.84%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $1.03 per share, which would be $0.12 better than the year-ago quarter and a $0.04 sequential increase. What we find to be interesting is that the full-year EPS estimate of $3.91 is a $0.49 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.62 Billion. If reported, that would be a 0.10% increase over the year-ago quarter. In terms of ratings, Oppenheimer Initiated JCI at Outperform (Jan 7, 2016). Previously, Nomura upgraded JCI from Neutral to Buy. The average price target for JCI shares is $48.07, which is 13.48% above where the stock opened this morning. See more in (NYSE:JCI) Similar Articles: Company Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls products recognized by U.S. EPA as ENERGY STAR Most Efficient 2016 Market Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls announces First Quarter 2016 Earnings Conference Call Webcast Market Update: Johnson Controls Inc (NYSE:JCI) – Johnson Controls Announces New Automotive Company to be Named Adient