Analysts Anticipate Ingersoll-Rand PLC (IR) to Post $0.79 EPS

Brokerages expect that Ingersoll-Rand PLC (NYSE:IR) will announce earnings of $0.79 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ingersoll-Rand’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.76. Ingersoll-Rand reported earnings per share of $0.70 in the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The firm is expected to announce its next quarterly earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that Ingersoll-Rand will report full-year earnings of $6.30 per share for the current year, with EPS estimates ranging from $6.25 to $6.36. For the next year, analysts anticipate that the firm will report earnings of $6.95 per share, with EPS estimates ranging from $6.75 to $7.18. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Ingersoll-Rand.

Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.03. Ingersoll-Rand had a net margin of 8.54% and a return on equity of 19.78%. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis.

A number of brokerages recently commented on IR. Citigroup boosted their price objective on shares of Ingersoll-Rand from $117.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, October 25th. Robert W. Baird set a $106.00 price objective on shares of Ingersoll-Rand and gave the stock a “hold” rating in a research note on Thursday, October 25th. Stephens began coverage on shares of Ingersoll-Rand in a research note on Monday, November 19th. They issued an “overweight” rating and a $118.00 price objective for the company. OTR Global downgraded shares of Ingersoll-Rand to a “positive” rating in a research note on Friday, January 18th. Finally, Barclays reduced their price objective on shares of Ingersoll-Rand from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 11th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $109.77.

Shares of Ingersoll-Rand stock traded up $1.23 on Monday, hitting $104.73. 1,300,719 shares of the company traded hands, compared to its average volume of 1,687,081. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.33. Ingersoll-Rand has a 52 week low of $79.63 and a 52 week high of $107.08. The company has a market capitalization of $25.36 billion, a PE ratio of 18.67, a P/E/G ratio of 1.62 and a beta of 1.26.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, March 7th. Ingersoll-Rand’s payout ratio is presently 37.79%.

In other news, CEO Michael W. Lamach sold 166,407 shares of the company’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $90.39, for a total transaction of $15,041,528.73. Following the transaction, the chief executive officer now directly owns 417,275 shares of the company’s stock, valued at $37,717,487.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Marcia J. Avedon sold 6,486 shares of the company’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $99.24, for a total value of $643,670.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,351 shares of company stock worth $18,287,864. Insiders own 0.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Bank OZK grew its holdings in shares of Ingersoll-Rand by 2.8% during the fourth quarter. Bank OZK now owns 5,041 shares of the industrial products company’s stock valued at $460,000 after buying an additional 135 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of Ingersoll-Rand by 2.0% during the fourth quarter. Sigma Planning Corp now owns 6,819 shares of the industrial products company’s stock valued at $622,000 after buying an additional 136 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of Ingersoll-Rand by 78.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 312 shares of the industrial products company’s stock valued at $28,000 after buying an additional 137 shares during the last quarter. Csenge Advisory Group grew its holdings in shares of Ingersoll-Rand by 3.2% during the fourth quarter. Csenge Advisory Group now owns 4,711 shares of the industrial products company’s stock valued at $429,000 after buying an additional 148 shares during the last quarter. Finally, Horan Capital Advisors LLC. grew its holdings in shares of Ingersoll-Rand by 0.5% during the fourth quarter. Horan Capital Advisors LLC. now owns 28,004 shares of the industrial products company’s stock valued at $2,555,000 after buying an additional 152 shares during the last quarter. 80.59% of the stock is currently owned by institutional investors and hedge funds.

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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