Johnson Controls International (JCI) Stock

NEUHAUSEN, Switzerland--(BUSINESS WIRE)--Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), has released its initial findings on in-store shopper traffic for the 2024 holiday season. According to their ShopperTrak Analytics, U.S. shopper visits decreased by 3.9% from November 24 to November 29, which reflects a 3.0% decline in in-store traffic compared to the previous year. Early analysis also highlighted shopper traffic patterns on Black Friday.

Johnson Controls has been named a leader in IoT Digital Platforms for Building Operations by the independent analyst firm Verdantix in their 2024 report. The company was praised for its OpenBlue digital ecosystem, which enhances building performance through AI-driven insights, boosts energy efficiency, lowers carbon emissions, and improves the health and wellbeing of occupants. Johnson Controls received the highest score overall for automation and essential building operations functions.

PARSIPPANY, NJ – November 25, 2024, Lincoln Educational Services Corporation (NASDAQ: LINC), a leading provider of specialized technical training for over 75 years, has announced the graduation of eight new technicians from its Johnson Controls International (JCI) Academy program at the Denver, CO campus. This marks the first graduating class from the Denver site, while the JCI Academy has been running at Lincoln's Columbia, MD campus since Fall 2022.

JCI is facing challenges due to poor performance in the Building Solutions Asia Pacific segment and rising costs. Additionally, unfavorable changes in foreign currency rates are a growing worry.

The expanded program will enable Johnson Controls to hire over 300 technicians for security and fire installation and service each year across the U.S. The Johnson Controls Academy offers six weeks of focused training to prepare individuals for full-time jobs. This initiative aims to meet the increasing need for skilled workers in building systems.

I maintain a "Buy" recommendation for Johnson Controls International plc, setting a target price of $98 per share for the next year because of impressive growth in the data center sector. The company reported a 10% increase in organic revenue and an 8% rise in orders, fueled by strong demand in this market. Additionally, their data center division has doubled its revenue and is expected to continue growing at a fast rate, which will greatly support overall growth.

JCI's financial results for the fourth quarter show positive outcomes due to the strong performance of their HVAC and controls divisions.

The company performed better than analysts expected for both its revenue and profits in the most recent quarter.

While the revenue and earnings per share (EPS) for Johnson Controls (JCI) provide insight into its performance for the quarter ending September 2024, it is also important to look at how these key figures stack up against Wall Street predictions and last year's results.