Ingersoll-Rand (IR) Set to Announce Earnings on Tuesday

Ingersoll-Rand (NYSE:IR) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 29th. Analysts expect Ingersoll-Rand to post earnings of $1.92 per share for the quarter. Ingersoll-Rand has set its FY 2019 guidance at $6.35-6.40 EPS and its FY19 guidance at $6.35-6.40 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Ingersoll-Rand (NYSE:IR) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.09 EPS for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.03. Ingersoll-Rand had a net margin of 8.89% and a return on equity of 20.97%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts expect Ingersoll-Rand to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

NYSE:IR opened at $117.96 on Tuesday. Ingersoll-Rand has a 12 month low of $85.15 and a 12 month high of $128.31. The firm has a market cap of $28.23 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 1.71 and a beta of 1.24. The company has a quick ratio of 0.85, a current ratio of 1.23 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average is $120.12 and its 200-day moving average is $120.51.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 5th. Ingersoll-Rand’s dividend payout ratio is 37.79%.

In related news, Director Jared L. Cohon sold 938 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $119.07, for a total transaction of $111,687.66. Following the transaction, the director now owns 23,697 shares of the company’s stock, valued at $2,821,601.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.71% of the company’s stock.

A number of research firms have recently commented on IR. Morgan Stanley lifted their price target on shares of Ingersoll-Rand from $137.00 to $139.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Credit Suisse Group lifted their price target on shares of Ingersoll-Rand from $138.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Jefferies Financial Group lowered shares of Ingersoll-Rand from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research report on Tuesday, July 2nd. ValuEngine lowered shares of Ingersoll-Rand from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Barclays reaffirmed a “buy” rating and set a $134.00 target price on shares of Ingersoll-Rand in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Ingersoll-Rand currently has a consensus rating of “Buy” and a consensus target price of $129.56.

About Ingersoll-Rand

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 for Ingersoll-Rand (NYSE:IR)

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