Ingersoll-Rand (IR) Issues FY 2018 Earnings Guidance

Ingersoll-Rand (NYSE:IR) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.55-5.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.55. Ingersoll-Rand also updated its FY18 guidance to $5.55-5.60 EPS.

Shares of IR traded up $0.20 during mid-day trading on Friday, reaching $95.72. 44,992 shares of the company were exchanged, compared to its average volume of 1,687,790. Ingersoll-Rand has a 52 week low of $79.63 and a 52 week high of $105.76. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.30 and a quick ratio of 0.93. The company has a market capitalization of $22.81 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31.

Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings data on Wednesday, October 24th. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.04. Ingersoll-Rand had a return on equity of 18.11% and a net margin of 9.28%. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the company earned $1.44 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ingersoll-Rand will post 5.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 7th will be issued a $0.53 dividend. The ex-dividend date is Thursday, December 6th. This represents a $2.12 dividend on an annualized basis and a yield of 2.21%. Ingersoll-Rand’s payout ratio is currently 47.01%.

Ingersoll-Rand announced that its Board of Directors has authorized a share buyback program on Wednesday, October 3rd that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the industrial products company to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

IR has been the subject of a number of research analyst reports. Barclays lifted their target price on Ingersoll-Rand from $115.00 to $117.00 and gave the stock an overweight rating in a report on Thursday, August 9th. Argus lifted their target price on Ingersoll-Rand from $100.00 to $114.00 and gave the stock a buy rating in a report on Tuesday, July 31st. Robert W. Baird set a $106.00 target price on Ingersoll-Rand and gave the stock a hold rating in a report on Thursday. JPMorgan Chase & Co. upgraded Ingersoll-Rand from a neutral rating to an overweight rating in a report on Friday, September 21st. Finally, Bank of America lifted their target price on Ingersoll-Rand from $96.00 to $105.00 and gave the stock a neutral rating in a report on Monday, July 30th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $109.85.

In other Ingersoll-Rand news, SVP Marcia J. Avedon sold 10,408 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $104.00, for a total value of $1,082,432.00. Following the completion of the sale, the senior vice president now owns 125,098 shares of the company’s stock, valued at $13,010,192. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Ingersoll-Rand Company Profile

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.

Further Reading: How to Invest in a Bull Market

Earnings History and Estimates for Ingersoll-Rand (NYSE:IR)

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

Leave a Reply