Equities research analysts expect that Trane (NYSE:TT) will post earnings of $0.70 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Trane’s earnings. The highest EPS estimate is $1.04 and the lowest is $0.37. Trane posted earnings of $2.09 per share during the same quarter last year, which would indicate a negative year over year growth rate of 66.5%. The firm is scheduled to report its next earnings results on Tuesday, August 4th.

On average, analysts expect that Trane will report full-year earnings of $3.41 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $5.20. For the next year, analysts expect that the company will report earnings of $4.13 per share, with EPS estimates ranging from $3.47 to $5.15. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Trane.

Trane (NYSE:TT) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.07). Trane had a return on equity of 20.96% and a net margin of 7.54%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.71 billion.

TT has been the subject of several research analyst reports. Citigroup lowered their target price on shares of Trane from $97.00 to $93.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Barclays restated a “buy” rating and issued a $105.00 target price on shares of Trane in a report on Monday, April 6th. TheStreet cut shares of Trane from a “b” rating to a “c+” rating in a report on Tuesday, May 5th. Bank of America cut shares of Trane from a “buy” rating to a “neutral” rating and set a $93.00 target price for the company. in a report on Wednesday, April 1st. Finally, Royal Bank of Canada restated a “hold” rating and issued a $77.00 target price on shares of Trane in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Trane presently has an average rating of “Hold” and a consensus price target of $91.62.

NYSE TT opened at $77.21 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.55 and a debt-to-equity ratio of 0.80. Trane has a 52 week low of $70.00 and a 52 week high of $146.85. The firm has a market cap of $20.19 billion, a PE ratio of 15.95 and a beta of 1.37. The business’s 50 day moving average price is $85.18.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, June 4th. Trane’s dividend payout ratio is currently 33.28%.

Large investors have recently modified their holdings of the stock. FineMark National Bank & Trust acquired a new stake in Trane during the 1st quarter worth $6,526,000. Hotaling Investment Management LLC purchased a new position in Trane during the 1st quarter worth $2,088,000. CAPROCK Group Inc. purchased a new position in Trane during the 1st quarter worth $214,000. Retirement Systems of Alabama purchased a new position in Trane during the 1st quarter worth $8,699,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in Trane during the 1st quarter worth $3,707,000. Hedge funds and other institutional investors own 81.89% of the company’s stock.

About Trane

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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Earnings History and Estimates for Trane (NYSE:TT)

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