Johnson Controls Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Johnson Controls International plc JCI is projected to release financial results for its fourth quarter fiscal 2023, before the opening bell on Dec. 12, 2023.

Analysts expect the company to post quarterly earnings at $1.09 per share, up from year-ago earnings of 99 cents per share. The company’s revenue might come in at $7.09 billion for the latest quarter, compared to $6.72 billion in the year-earlier period, according to data from Benzinga Pro.

The board of directors of Johnson Controls recently announced a regular quarterly dividend of 37 cents per share of common stock.

Johnson Controls shares rose 1.1% to close at $56.08 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• UBS analyst Markus Mittermaier maintained a Buy rating and cut the price target from $80 to $74 on Oct. 10, 2023. This analyst has an accuracy rate of 80%.
• Citigroup analyst Andrew Kaplowitz maintained a Neutral rating and slashed the price target from $68 to $58 on Oct. 9, 2023. This analyst has an accuracy rate of 82%.
• Morgan Stanley analyst Joshua Pokrzywinski maintained an Overweight rating and cut the price target from $73 to $70 on Sept. 22, 2023. This analyst has an accuracy rate of 74%.
• RBC Capital analyst Deane Dray maintained a Sector Perform rating and cut the price target from $68 to $67 on Aug. 3, 2023. This analyst has an accuracy rate of 71%.
• Barclays analyst Julian Mitchell maintained an Equal-Weight rating and cut the price target from $70 to $69 on Aug. 3, 2023. This analyst has an accuracy rate of 76%.

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