Johnson Controls International plc JCI posted better-than-expected earnings for the second quarter on Wednesday.
The company reported second-quarter sales growth of 1.4% year over year to $5.676 billion, beating the consensus estimate of $5.63 billion. Adjusted EPS of 82 cents up from 69 cents YoY, beat the consensus estimate of 59 cents.
Johnson Controls sees third-quarter adjusted EPS of $0.97 – $1.00 against an estimate of $1.00. The company sees organic sales growth of mid-single digits. JCI expects an Adjusted segment EBITA margin of ~17.5% for the third quarter.
The company raised the FY25 adjusted EPS outlook from $3.50-$3.60 to $3.60 (versus consensus $3.60), with an unchanged outlook for organic sales growth of mid-single digits. JCI expects an Adjusted segment EBITA margin improvement of ~90 basis points year-over-year (previously more than 80 basis points).
Johnson Controls shares gained 1.2% to trade at $90.84 on Thursday.
These analysts made changes to their price targets on Johnson Controls following earnings announcement.
- Baird analyst Timothy Wojs maintained Johnson Controls Intl with a Neutral and raised the price target from $84 to $90.
- Wells Fargo analyst Joe O’Dea maintained the stock with an Overweight rating and increased the price target from $82 to $100.
- Oppenheimer analyst Noah Kaye maintained Johnson Controls with an Outperform rating and raised the price target from $90 to $96.
Considering buying JCI stock? Here’s what analysts think:
Read This Next:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.