LONDON, November 21, 2014 /PRNewswire/ --
Investor-Edge.com has issued free earnings review on Johnson Controls Inc. (NYSE: JCI). On October 30, 2014, the company announced financial results for Q4 FY14 and FY14 (period ended September 30, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Johnson Controls Inc. (Johnson Controls). During Q4 FY14, the company's non-GAAP net income from continuing operations reached a record $700 million, up 11% YoY. Further, for FY14, Johnson Controls' revenue grew 3% on a Y-o-Y basis. Our free coverage report can be accessed at:
Johnson Controls' revenues during Q4 FY14 grew to $11.0 billion from $10.7 billion in Q4 FY13. Johnson Controls' Q4 FY14 segmental sales from its building efficiency, automotive experience and power solutions segments, grew 1%, 3% and 5%, respectively on Y-o-Y basis. For Q4 FY14, Johnson Controls' reported record non-GAAP income from business segments of $983 million, compared with $889 million in Q4 FY13. Johnson Controls' GAAP income from continuing operations in Q4 FY14 increased to $311 million, or $0.46 per diluted share, from $54 million, or $0.08 per diluted share, in Q3 FY14. Analysts from Bloomberg had expected the company to report net income of $675 million or $1.01 per share in the reported quarter. The free research on JCI can be downloaded as in PDF format at:
For FY14, Johnson Controls' revenues grew to $42.8 billion from $41.4 billion in FY13. The company's FY14 revenues trailed Bloomberg analysts' forecasts of $43.2 billion. Johnson Controls' income from business segments increased 20% Y-o-Y to $3.1 billion. During FY14, the company's income from continuing operations broadened to $1.43 billion, or $2.12 per diluted share, from $1.08 billion or $1.56 per diluted share in FY13.
Commenting on the results, Alex Molinaroli, Chairman and CEO of Johnson Controls, stated that the company ended the FY14 with solid contributions from all of its primary businesses, continuing the strong performance it has seen throughout the year. He added that while the macro-economic environment continues to be challenging in some key markets, each of the company's businesses generated top line growth in Q4 FY14. He emphasized that the company's Building Efficiency orders were higher for the first time in a year. Sign up and read the free analyst's notes on JCI at:
For Q1 FY15, the company expects earnings of $0.74 - $0.77 per diluted share. Johnson Controls will provide FY15 guidance at its annual New York analyst day on Dec 02, 2014.
On the day of the earnings release, October 30, 2014, Johnson Controls' Inc.'s stock ended the session at $45.79, up 3.08%. The stock has maintained mostly a positive trend since then. However, on the last close, Thursday, November 20, 2014, it finished at $50.07, down 0.24%, after vacillating between $49.87 and $50.46. A total of 4.37 million shares were traded which was above its three months average volume of 3.46 million shares. Over the last one month and over the previous three months, the company's shares have advanced 22.75% and 2.58%, respectively. However, the stock has fallen by 2.40% since the start of this year. Shares in Johnson Controls Inc. closed above their 50-day and 200-day moving averages of $45.34 and $47.34, respectively. Furthermore, the stock traded at a PE ratio of 16.14 and has a Relative Strength Index (RSI) of 74.71. Visit Investor-Edge and access the latest research on JCI at:
Sneak Peek to Corporate Insider Trading
In the last one month, there were 16 insider transactions made by 8 individuals. Between October 31, 2014 and November 11, 2014, a total of 134,096 shares have been disposed at an average price of $47.48 per share. While, on October 31, 2014, Brian J. Kesseler, VP and President - Power Solutions at Johnson Controls, purchased a total of 80,000 shares at $26.83 per share. However, on the very same day, he disposed an equal number of shares at $47.08 per share. Furthermore, Mr. Kesseler sold 1,430 shares at $47.25 per share on November 03, 2014. On the same day, Alex A. Molinaroli, Chairman, President and CEO at Johnson Controls sold 13,015 shares at $47.25 per share. Additionally, on November 11, 2014, Mr. Molinaroli disposed 18,923 shares at a price of $49.60 per share. Complimentary in-depth research on JCI is available at:
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.