Equities research analysts expect that Ingersoll-Rand PLC (NYSE:IR) will report $1.71 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Ingersoll-Rand’s earnings, with estimates ranging from $1.69 to $1.77. Ingersoll-Rand reported earnings of $1.44 per share in the same quarter last year, which indicates a positive year over year growth rate of 18.8%. The business is expected to report its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Ingersoll-Rand will report full year earnings of $5.54 per share for the current financial year, with EPS estimates ranging from $5.51 to $5.60. For the next year, analysts forecast that the business will report earnings of $6.21 per share, with EPS estimates ranging from $6.08 to $6.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Ingersoll-Rand.

Ingersoll-Rand (NYSE:IR) last issued its earnings results on Wednesday, July 25th. The industrial products company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.72 by $0.13. Ingersoll-Rand had a net margin of 9.28% and a return on equity of 18.11%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the firm earned $1.49 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis.

IR has been the topic of a number of research analyst reports. Cowen reissued a “buy” rating and set a $115.00 price objective on shares of Ingersoll-Rand in a research report on Monday. UBS Group upped their price target on shares of Ingersoll-Rand from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Morgan Stanley started coverage on shares of Ingersoll-Rand in a research note on Monday, August 20th. They set an “overweight” rating and a $111.00 target price on the stock. Barclays upped their target price on shares of Ingersoll-Rand from $115.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, August 9th. Finally, Argus upped their target price on shares of Ingersoll-Rand from $100.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Ingersoll-Rand currently has an average rating of “Buy” and an average target price of $109.17.

Shares of NYSE IR traded up $0.82 during mid-day trading on Wednesday, hitting $102.85. The stock had a trading volume of 1,521,900 shares, compared to its average volume of 1,643,611. The company has a quick ratio of 0.93, a current ratio of 1.30 and a debt-to-equity ratio of 0.55. Ingersoll-Rand has a 1 year low of $79.63 and a 1 year high of $103.35. The company has a market cap of $24.60 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.56 and a beta of 1.34.

In other news, insider Marcia J. Avedon sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $96.00, for a total transaction of $960,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jared L. Cohon sold 2,663 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $97.30, for a total transaction of $259,109.90. Following the sale, the director now directly owns 24,153 shares of the company’s stock, valued at approximately $2,350,086.90. The disclosure for this sale can be found here. Insiders have sold a total of 26,561 shares of company stock worth $2,563,616 in the last 90 days. Company insiders own 0.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its position in shares of Ingersoll-Rand by 17.7% during the 2nd quarter. Park Avenue Securities LLC now owns 3,463 shares of the industrial products company’s stock valued at $310,000 after purchasing an additional 521 shares during the last quarter. Synovus Financial Corp increased its position in shares of Ingersoll-Rand by 38.6% during the 2nd quarter. Synovus Financial Corp now owns 1,898 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 529 shares during the last quarter. United Capital Financial Advisers LLC increased its position in shares of Ingersoll-Rand by 7.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 8,600 shares of the industrial products company’s stock valued at $735,000 after purchasing an additional 571 shares during the last quarter. Hemenway Trust Co LLC increased its holdings in Ingersoll-Rand by 17.9% in the 2nd quarter. Hemenway Trust Co LLC now owns 3,950 shares of the industrial products company’s stock worth $354,000 after acquiring an additional 600 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Ingersoll-Rand by 16.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 4,542 shares of the industrial products company’s stock worth $408,000 after acquiring an additional 643 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

About Ingersoll-Rand

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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