Johnson Controls (JCI) Declares $0.25 Quarterly Dividend; 2.2% Yield
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December 5, 2016 7:06 AM EST
In connection with its investor and analyst meeting being held today in New York City, Johnson Controls International, plc (NYSE: JCI) announces fiscal 2017 EPS before special items guidance of $2.60 to $2.75 per share, a 13 percent to 19 percent year-over-year increase, compared to the pro forma fiscal 2016 base of $2.31 per share. Guidance includes an organic revenue growth range of 2.5 percent to 4.5 percent and EBIT margin expansion before special items of 80 to 110 basis points.
*** The Street sees FY17 EPS of $2.70.
"Fiscal 2016 was a year of significant transformation," said Chairman and Chief Executive Officer Alex Molinaroli.... More
December 1, 2016 9:54 AM EST
Oppenheimer reiterated an Outperform rating on Johnson Controls (NYSE: JCI), and raised the price target to $52.00 (from $48.00), ahead of the company's analyst day.
Analyst Noah Kaye commented, "Ahead of Monday's Analyst Day, we revisit the Power Solutions growth thesis: Can the... More
