$2.05 Earnings Per Share Expected for Ingersoll-Rand PLC (NYSE:IR) This Quarter
Analysts expect Ingersoll-Rand PLC (NYSE:IR) to report earnings of $2.05 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Ingersoll-Rand’s earnings, with estimates ranging from $1.97 to $2.11. Ingersoll-Rand posted earnings per share of $1.85 during the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The company is expected to announce its next earnings report on Wednesday, July 24th.
On average, analysts expect that Ingersoll-Rand will report full year earnings of $6.36 per share for the current year, with EPS estimates ranging from $6.30 to $6.45. For the next financial year, analysts expect that the firm will report earnings of $7.08 per share, with EPS estimates ranging from $6.90 to $7.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Ingersoll-Rand.
Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.09. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.50 billion. Ingersoll-Rand had a return on equity of 20.52% and a net margin of 8.94%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS.
Shares of IR stock traded up $0.65 during trading hours on Wednesday, reaching $123.98. The company’s stock had a trading volume of 1,001,594 shares, compared to its average volume of 1,479,584. The firm has a market cap of $29.75 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.84 and a beta of 1.27. Ingersoll-Rand has a one year low of $85.15 and a one year high of $127.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.14 and a current ratio of 1.58.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 5th. Ingersoll-Rand’s payout ratio is presently 37.79%.
In other news, CAO Christopher J. Kuehn sold 5,195 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $109.90, for a total value of $570,930.50. Following the completion of the transaction, the chief accounting officer now owns 25,273 shares in the company, valued at approximately $2,777,502.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David S. Regnery sold 7,957 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $122.25, for a total value of $972,743.25. Following the completion of the transaction, the insider now owns 58,735 shares of the company’s stock, valued at approximately $7,180,353.75. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thor Advisors LLC purchased a new position in Ingersoll-Rand during the first quarter valued at $72,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in Ingersoll-Rand by 18.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108,362 shares of the industrial products company’s stock valued at $11,698,000 after buying an additional 16,748 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in Ingersoll-Rand during the first quarter valued at $116,000. Meridian Wealth Management LLC purchased a new position in Ingersoll-Rand during the first quarter valued at $119,000. Finally, Marshall Wace LLP purchased a new position in Ingersoll-Rand during the first quarter valued at $423,000. Institutional investors own 78.77% of the company’s stock.
Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.
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