Johnson Controls stocks increased to $31.72 after forecasting revenue growth

Article by Christian Andrei, on October 14, 2011

Johnson Controls Inc., the biggest automobile supplier in the United States, gained 5.2 percent after predicting per-share profit and revenue growth for the 2012 fiscal year. On Wednesday, Johnson Controls stocks increased to $31.72 at the close in New York. The company's share has fallen 17 percent this year.

Profit per share during the year ended September 30, 2012, will be $2.85 to $3, including 9 cents to finance pensions and combine a lithium-ion battery partnership -- an increase of around 23 percent from fiscal year 2011. The average approximation of 22 analysts that Bloomberg has interviewed is for a profit of $3.11 a share, not including the one-time items.

Analyst David Leiker from Milwaukee-based Robert W. Baird & Co. commented that the guidance of at least 20 percent earnings growth "is much better" compared with what is priced into the stock. Sales will be around $44.2 billion, in comparison with the average estimate of 20 analysts of $44.6 billion, Johnson Controls revealed on Wednesday prior to its investor day conference in New York.

Profit per share during the quarter ended September 30 improved to 75 cents, not including some costs, in comparison with 60 cents a year earlier, Johnson Controls stated in an initial earnings statement. The average estimate of 21 analysts as surveyed by Bloomberg was for a profit of 78 cents a share. Sales in the quarter were $10.7 billion, in contrast with an average estimate of $10.5 billion. [source: Autonews]

If you liked the article, share on:


Login or Create new account to add a comment!


We’ve seen quite a lot of intriguing stories in the age of Internet (where the most interesting part was revealed before the story unfolds). Some are from movies and novels...
by - October 26, 2016
Many people have long known that the new 2018 RS5 was being developed by Audi AG. Enthusiasts the world over were excited when a prototype was seen running on the...
by - October 26, 2016
It was only recently when BMW officially debuted the new 2017 5-Series Saloon (G30) online. At that time, this range revealed that it had driving dynamics that was the best...
by - October 26, 2016
Starting early 2017, the new Audi Q7 will be available with the new 2.0-liter TFSI four-cylinder engine that makes it not only faster but also lighter and more efficient than...
by - October 25, 2016
Soon, Fiat Chrysler’s Dodge brand will be ending the production of the Dodge Viper. So practically, the 2017 Dodge Viper will be the last Viper up for grabs. Gerry Wood...
by - October 25, 2016