$1.44 EPS Expected for Ingersoll-Rand PLC (Ireland) (IR) This Quarter

Wall Street brokerages expect Ingersoll-Rand PLC (Ireland) (NYSE:IR) to report earnings of $1.44 per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Ingersoll-Rand PLC (Ireland)’s earnings, with the highest EPS estimate coming in at $1.50 and the lowest estimate coming in at $1.41. Ingersoll-Rand PLC (Ireland) reported earnings of $1.41 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.1%. The company is expected to announce its next quarterly earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Ingersoll-Rand PLC (Ireland) will report full year earnings of $4.55 per share for the current fiscal year, with EPS estimates ranging from $4.50 to $4.63. For the next year, analysts forecast that the company will post earnings of $5.12 per share, with EPS estimates ranging from $5.00 to $5.26. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Ingersoll-Rand PLC (Ireland).

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.38 earnings per share.

A number of analysts have commented on IR shares. Credit Suisse Group reaffirmed a “buy” rating and set a $84.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, April 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $87.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Thursday, April 20th. Royal Bank Of Canada upped their price objective on shares of Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. Stifel Nicolaus upped their price objective on shares of Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Thursday, May 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $97.43.

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In other news, insider Paul A. Camuti sold 6,960 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $89.90, for a total value of $625,704.00. Following the completion of the sale, the insider now directly owns 64,979 shares of the company’s stock, valued at $5,841,612.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Zafari sold 1,483 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $89.59, for a total transaction of $132,861.97. Following the completion of the sale, the executive vice president now directly owns 66,944 shares of the company’s stock, valued at $5,997,512.96. The disclosure for this sale can be found here. Insiders sold 11,943 shares of company stock valued at $1,072,306 over the last three months. 0.65% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Courier Capital LLC bought a new stake in Ingersoll-Rand PLC (Ireland) during the first quarter worth about $204,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Ingersoll-Rand PLC (Ireland) during the first quarter valued at $699,000. Washington Trust Bank raised its position in shares of Ingersoll-Rand PLC (Ireland) by 42.0% in the first quarter. Washington Trust Bank now owns 3,370 shares of the industrial products company’s stock valued at $274,000 after buying an additional 996 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Ingersoll-Rand PLC (Ireland) during the first quarter valued at $228,000. Finally, Capstone Asset Management Co. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 3.5% in the first quarter. Capstone Asset Management Co. now owns 29,498 shares of the industrial products company’s stock valued at $2,399,000 after buying an additional 990 shares during the last quarter. 83.11% of the stock is owned by institutional investors and hedge funds.

Ingersoll-Rand PLC (NYSE IR) traded down 0.68% during trading on Thursday, hitting $87.50. 1,147,452 shares of the stock were exchanged. The stock’s 50-day moving average price is $90.91 and its 200-day moving average price is $85.30. Ingersoll-Rand PLC has a 12-month low of $62.40 and a 12-month high of $94.39. The firm has a market cap of $22.20 billion, a PE ratio of 21.72 and a beta of 1.31.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, September 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is 39.80%.

About Ingersoll-Rand PLC (Ireland)

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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