Analysts Anticipate Ingersoll-Rand PLC (IR) to Post $1.28 EPS

Wall Street analysts expect that Ingersoll-Rand PLC (NYSE:IR) will announce earnings of $1.28 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Ingersoll-Rand’s earnings, with the highest EPS estimate coming in at $1.30 and the lowest estimate coming in at $1.25. Ingersoll-Rand reported earnings of $1.02 per share during the same quarter last year, which indicates a positive year over year growth rate of 25.5%. The business is scheduled to announce its next earnings results on Wednesday, January 30th.

On average, analysts expect that Ingersoll-Rand will report full-year earnings of $5.58 per share for the current financial year, with EPS estimates ranging from $5.55 to $5.60. For the next financial year, analysts forecast that the company will report earnings of $6.32 per share, with EPS estimates ranging from $6.20 to $6.54. Zacks’ EPS averages are an average based on a survey of analysts that cover Ingersoll-Rand.

Ingersoll-Rand (NYSE:IR) last announced its earnings results on Wednesday, October 24th. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.04. The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Ingersoll-Rand had a net margin of 10.03% and a return on equity of 18.75%. Ingersoll-Rand’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share.

A number of equities research analysts have recently issued reports on the stock. Stephens assumed coverage on shares of Ingersoll-Rand in a research report on Monday, November 19th. They issued an “overweight” rating and a $118.00 target price for the company. ValuEngine raised shares of Ingersoll-Rand from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Citigroup boosted their target price on shares of Ingersoll-Rand from $117.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, October 25th. Robert W. Baird set a $106.00 target price on shares of Ingersoll-Rand and gave the company a “hold” rating in a research report on Thursday, October 25th. Finally, Credit Suisse Group assumed coverage on shares of Ingersoll-Rand in a research report on Friday, October 12th. They set an “outperform” rating and a $108.00 price objective for the company. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Ingersoll-Rand currently has a consensus rating of “Buy” and an average target price of $110.43.

Shares of Ingersoll-Rand stock opened at $102.44 on Monday. The stock has a market capitalization of $25.17 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. Ingersoll-Rand has a 52-week low of $79.63 and a 52-week high of $107.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.41 and a quick ratio of 0.99.

Ingersoll-Rand announced that its board has authorized a stock buyback program on Wednesday, October 3rd that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the industrial products company to buy up to 6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 7th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $2.12 annualized dividend and a yield of 2.07%. Ingersoll-Rand’s dividend payout ratio is 47.01%.

In related news, SVP Marcia J. Avedon sold 10,408 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $104.00, for a total transaction of $1,082,432.00. Following the completion of the sale, the senior vice president now owns 125,098 shares of the company’s stock, valued at $13,010,192. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of IR. Point72 Hong Kong Ltd acquired a new position in Ingersoll-Rand during the third quarter worth about $101,000. Flagship Harbor Advisors LLC acquired a new position in Ingersoll-Rand during the second quarter worth about $106,000. Girard Partners LTD. acquired a new position in Ingersoll-Rand during the third quarter worth about $112,000. Fort L.P. acquired a new position in Ingersoll-Rand during the second quarter worth about $121,000. Finally, CWM LLC raised its stake in Ingersoll-Rand by 653.3% during the second quarter. CWM LLC now owns 1,499 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 1,300 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.

Ingersoll-Rand Company Profile

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers building management, bus, rail, and multi-pipe HVAC, control, container and cryogenic, diesel-powered, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.

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

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