Analysts forecast that Ingersoll-Rand PLC (Ireland) (NYSE:IR) will announce $3.52 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Ingersoll-Rand PLC (Ireland)’s earnings, with the lowest sales estimate coming in at $3.46 billion and the highest estimate coming in at $3.55 billion. Ingersoll-Rand PLC (Ireland) posted sales of $3.36 billion in the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The firm is expected to issue its next earnings results before the market opens on Wednesday, January 31st.

On average, analysts expect that Ingersoll-Rand PLC (Ireland) will report full-year sales of $3.52 billion for the current financial year, with estimates ranging from $14.04 billion to $14.13 billion. For the next financial year, analysts anticipate that the business will post sales of $14.73 billion per share, with estimates ranging from $14.52 billion to $14.95 billion. Zacks Investment Research’s sales 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 posted its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 earnings per share.

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

Ingersoll-Rand PLC (NYSE:IR) opened at $90.26 on Wednesday. The stock has a market cap of $22,762.96, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.95 and a beta of 1.35. Ingersoll-Rand PLC has a 1 year low of $76.31 and a 1 year high of $96.23. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43.

In other news, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the completion of the sale, the senior vice president now owns 66,439 shares of the company’s stock, valued at $6,311,705. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Michael W. Lamach sold 210,508 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $88.28, for a total transaction of $18,583,646.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 235,065 shares of company stock valued at $20,906,101. Insiders own 0.63% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in IR. Advisory Services Network LLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 19.5% during the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 213 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 250.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 1,000 shares in the last quarter. Harfst & Associates Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 43.9% during the second quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 482 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) during the third quarter worth about $152,000. Finally, Bessemer Group Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 185.5% during the third quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,278 shares in the last quarter. 82.59% of the stock is owned by institutional investors and hedge funds.

WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://www.thecerbatgem.com/2018/01/17/3-52-billion-in-sales-expected-for-ingersoll-rand-plc-ireland-ir-this-quarter.html.

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.

Get a free copy of the Zacks research report on Ingersoll-Rand PLC (Ireland) (IR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ingersoll-Rand PLC (Ireland) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand PLC (Ireland) and related companies with MarketBeat.com's FREE daily email newsletter.