Johnson Controls Inc (JCI) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.86 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.82. The company posted revenue of $9031.00 million in the period, compared to analysts expectations of $9003.92 million. The company’s revenue was down -1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.
Many Wall Street Analysts have commented on Johnson Controls Inc. Morgan Stanley Resumed Johnson Controls Inc on Apr 13, 2016 to “Overweight”, Price Target of the shares are set at $47.Shares were Reiterated by RBC Capital Mkts on Jan 26, 2016 to “Sector Perform” and Lowered the Price Target to $ 40 from a previous price target of $42 .Shares were Reiterated by Barclays on Jan 25, 2016 to “Overweight” and Lowered the Price Target to $ 47 from a previous price target of $52 .
Johnson Controls Inc closed down -0.03 points or -0.08% at $39.14 with 26,32,734 shares getting traded on Monday. Post opening the session at $39.05, the shares hit an intraday low of $38.87 and an intraday high of $39.33 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 3, 2016, Alex A Molinaroli (Chairman & CEO) sold 67,790 shares at $37.41 per share price. According to the SEC, on Nov 30, 2015, Simon Davis (VP, Chief Human Resources Ofcr) sold 1,300 shares at $45.92 per share price. On Nov 2, 2015, Brian J Cadwallader (VP, Secretary & Gen. Counsel) sold 28,628 shares at $45.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Johnson Controls Inc. is a technology company. The Company provides products services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions. The Building Efficiency segment offers designing producing marketing and installing integrated heating ventilating and air conditioning (HVAC) systems building management systems controls security and mechanical equipment. The Power Solutions segment offers lead-acid automotive batteries for passenger cars light trucks and utility vehicles. The Company serves both automotive original equipment manufacturers (OEMs) and the general vehicle battery aftermarket. The Company also supplies advanced battery technologies to power start-stop hybrid and electric vehicles.