Ingersoll-Rand PLC (IR) Expected to Post Earnings of $1.28 Per Share

Equities analysts expect Ingersoll-Rand PLC (NYSE:IR) to report earnings of $1.28 per share for the current quarter, Zacks Investment Research reports. Six analysts have made 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 would indicate a positive year over year growth rate of 25.5%. The business is scheduled to issue its next quarterly earnings results on Wednesday, January 30th.

According to Zacks, 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 year, analysts anticipate that the company will report earnings of $6.32 per share, with EPS estimates ranging from $6.20 to $6.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Ingersoll-Rand.

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

A number of research analysts have weighed in on IR shares. ValuEngine raised Ingersoll-Rand from a “hold” rating to a “buy” rating in a report on Friday, November 16th. UBS Group lifted their target price on Ingersoll-Rand from $108.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Stephens started coverage on Ingersoll-Rand in a report on Monday, November 19th. They set an “overweight” rating and a $118.00 target price for the company. Credit Suisse Group started coverage on Ingersoll-Rand in a report on Friday, October 12th. They set an “outperform” rating and a $108.00 target price for the company. Finally, JPMorgan Chase & Co. raised Ingersoll-Rand from a “neutral” rating to an “overweight” rating in a report on Friday, September 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $110.43.

IR stock traded up $2.53 during mid-day trading on Monday, reaching $106.05. 88,092 shares of the company traded hands, compared to its average volume of 1,418,448. The company has a quick ratio of 0.99, a current ratio of 1.41 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $25.43 billion, a PE ratio of 23.50, a PEG ratio of 1.54 and a beta of 1.28. Ingersoll-Rand has a 52-week low of $79.63 and a 52-week high of $105.76.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.00%. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 47.01%.

Ingersoll-Rand announced that its Board of Directors has initiated a share buyback plan on Wednesday, October 3rd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the industrial products company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, SVP Marcia J. Avedon sold 10,408 shares of Ingersoll-Rand stock in a transaction dated Friday, September 14th. The stock was 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 in the company, valued at approximately $13,010,192. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Lowe Brockenbrough & Co. Inc. lifted its position in Ingersoll-Rand by 0.8% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 69,251 shares of the industrial products company’s stock worth $7,084,000 after buying an additional 520 shares during the last quarter. Park Avenue Securities LLC lifted its position in Ingersoll-Rand by 15.2% in the 3rd quarter. Park Avenue Securities LLC now owns 3,988 shares of the industrial products company’s stock worth $412,000 after buying an additional 525 shares during the last quarter. Synovus Financial Corp lifted its position in Ingersoll-Rand by 38.6% in the 2nd quarter. Synovus Financial Corp now owns 1,898 shares of the industrial products company’s stock worth $171,000 after buying an additional 529 shares during the last quarter. ARP Americas LP lifted its position in Ingersoll-Rand by 7.8% in the 3rd quarter. ARP Americas LP now owns 8,269 shares of the industrial products company’s stock worth $846,000 after buying an additional 600 shares during the last quarter. Finally, Rampart Investment Management Company LLC lifted its position in Ingersoll-Rand by 4.4% in the 3rd quarter. Rampart Investment Management Company LLC now owns 14,333 shares of the industrial products company’s stock worth $254,917,000 after buying an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

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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