$1.03 EPS Expected for Ingersoll-Rand PLC (Ireland) (IR) This Quarter

Brokerages predict that Ingersoll-Rand PLC (Ireland) (NYSE:IR) will post $1.03 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Ingersoll-Rand PLC (Ireland)’s earnings. The highest EPS estimate is $1.12 and the lowest is $0.99. Ingersoll-Rand PLC (Ireland) reported earnings of $0.84 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 22.6%. The business is expected to report its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Ingersoll-Rand PLC (Ireland) will report full-year earnings of $4.52 per share for the current financial year, with EPS estimates ranging from $4.50 to $4.60. For the next fiscal year, analysts anticipate that the business will report earnings of $5.08 per share, with EPS estimates ranging from $4.90 to $5.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Ingersoll-Rand PLC (Ireland).

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.01. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 EPS.

A number of equities research analysts have weighed in on the company. Citigroup Inc. raised their target price on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a report on Monday, October 9th. Stifel Nicolaus reduced their target price on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Royal Bank Of Canada reduced their target price on Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating on the stock in a report on Thursday, October 26th. Bank of America Corporation downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price on the stock. in a report on Tuesday, October 17th. Finally, Morgan Stanley downgraded Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 target price on the stock. in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $99.18.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded up $0.50 during mid-day trading on Friday, hitting $84.73. The company’s stock had a trading volume of 1,263,878 shares, compared to its average volume of 1,717,143. The firm has a market cap of $21,090.00, a P/E ratio of 19.41, a PEG ratio of 2.03 and a beta of 1.37. Ingersoll-Rand PLC has a 52-week low of $74.02 and a 52-week high of $96.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s payout ratio is 45.00%.

In related news, insider Marcia J. Avedon sold 10,460 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the transaction, the insider now directly owns 111,637 shares of the company’s stock, valued at approximately $10,493,878. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the transaction, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at $6,311,705. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Amalgamated Bank raised its position in Ingersoll-Rand PLC (Ireland) by 56.9% during the 2nd quarter. Amalgamated Bank now owns 29,501 shares of the industrial products company’s stock worth $2,696,000 after purchasing an additional 10,702 shares during the last quarter. Aviva PLC raised its position in Ingersoll-Rand PLC (Ireland) by 1.1% during the 2nd quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock worth $14,982,000 after purchasing an additional 1,850 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Ingersoll-Rand PLC (Ireland) during the 2nd quarter worth $2,321,000. Quantbot Technologies LP bought a new position in Ingersoll-Rand PLC (Ireland) during the 3rd quarter worth $3,576,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Ingersoll-Rand PLC (Ireland) by 0.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 585,096 shares of the industrial products company’s stock worth $53,472,000 after purchasing an additional 2,899 shares during the last quarter. 81.65% of the stock is owned by institutional investors and hedge funds.

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Ingersoll-Rand PLC (Ireland) Company Profile

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.

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Earnings History and Estimates for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

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