Wall Street brokerages expect that Ingersoll-Rand PLC (NYSE:IR) will announce $0.64 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Ingersoll-Rand’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.60. Ingersoll-Rand posted earnings per share of $0.57 during the same quarter last year, which would suggest a positive year over year growth rate of 12.3%. The company is expected to announce its next quarterly earnings results on Wednesday, April 25th.
On average, analysts expect that Ingersoll-Rand will report full-year earnings of $5.17 per share for the current year, with EPS estimates ranging from $5.05 to $5.25. For the next financial year, analysts anticipate that the company will report earnings of $5.75 per share, with EPS estimates ranging from $5.54 to $5.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Ingersoll-Rand.
Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.52 billion. Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. Ingersoll-Rand’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 earnings per share.
IR has been the topic of several recent analyst reports. Argus lifted their price target on Ingersoll-Rand to $105.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Stifel Nicolaus lifted their price target on Ingersoll-Rand from $101.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. UBS Group initiated coverage on Ingersoll-Rand in a research note on Monday, January 22nd. They issued a “buy” rating and a $105.00 price target on the stock. Zacks Investment Research upgraded Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $99.00 price target on shares of Ingersoll-Rand in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Ingersoll-Rand currently has an average rating of “Hold” and an average price target of $103.69.
Ingersoll-Rand (IR) opened at $86.99 on Wednesday. The firm has a market capitalization of $21,545.46, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Ingersoll-Rand has a fifty-two week low of $77.26 and a fifty-two week high of $97.67.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.07%. Ingersoll-Rand’s dividend payout ratio is currently 35.50%.
In other Ingersoll-Rand news, insider Paul A. Camuti sold 1,678 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $85.15, for a total value of $142,881.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marcia J. Avedon sold 7,560 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $90.29, for a total value of $682,592.40. The disclosure for this sale can be found here. Insiders have sold a total of 280,380 shares of company stock worth $24,889,306 in the last 90 days. 0.63% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IR. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Ingersoll-Rand by 356.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,793,292 shares of the industrial products company’s stock valued at $159,944,000 after purchasing an additional 1,400,832 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Ingersoll-Rand by 43.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,502,804 shares of the industrial products company’s stock valued at $223,225,000 after purchasing an additional 761,576 shares during the period. Prudential Financial Inc. lifted its stake in shares of Ingersoll-Rand by 87.4% in the 3rd quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock valued at $127,465,000 after purchasing an additional 666,550 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Ingersoll-Rand by 93.8% in the 4th quarter. Two Sigma Advisers LP now owns 1,359,677 shares of the industrial products company’s stock valued at $121,270,000 after purchasing an additional 658,213 shares during the period. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Ingersoll-Rand by 123.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,171,328 shares of the industrial products company’s stock valued at $104,447,000 after purchasing an additional 648,196 shares during the period. Hedge funds and other institutional investors own 79.79% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.thelincolnianonline.com/2018/03/14/ingersoll-rand-plc-ir-expected-to-post-earnings-of-0-64-per-share.html.
Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ingersoll-Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand and related companies with MarketBeat.com's FREE daily email newsletter.