Johnson Controls

Johnson Controls Q1 Earnings Beat, but Forecast Falls Short; Shares Fall (JCI)

Automotive interiors maker Johnson Controls, Inc. ( JCI ) on Thursday said its fiscal first quarter profit rose 7% from last year, beating expectations, but its guidance still fell shy of analysts’ view. The Milwaukee-based company reported fiscal first quarter net income of $375 million, or 55 cents per share, compared with $350 million, or 52 cents per share, in the year-ago period. Revenue rose 13% from last year to $9.54 billion. On average, Wall Street analysts expected a smaller profit of 53 cents per share, on lower revenue of $8.9 billion. Looking ahead, the company predicted second quarter profit to range from 52 to 54 cents per share, which would miss the average analyst estimate of 57 cents for the quarter. Its raised full-year guidance for 2011 could also miss Wall Street’s view. Johnson Controls shares fell $1.53, or -3.8%, in premarket trading Thursday. The Bottom Line We recently added shares of Johnson Controls ( JCI ) to our recommended list, when the stock was trading at $38.20. The company has a 1.59% dividend yield, based on last night’s closing stock price of $40.13. Johnson Controls, Inc. ( JCI ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Johnson Controls (NYSE:JCI) Acquisitions Bodes Well for 2011

Filed in acquisitions, Johnson Controls, Kaufman, o, silver by on January 3, 2011 0 Comments

Johnson Controls (NYSE:JCI) has a history of successfully acquiring and assimilating companies into their fold, and with their acquisitions of KEIPER and Recaro, they are positioned well heading into the new year. Kaufman said, “JCI expands seat business with acquisitions. JCI announced two acquisitions yesterday to augment its Automotive Experience segment. The first acquisition was for KEIPER,

Continue Reading »