$0.52 Earnings Per Share Expected for Ingersoll Rand Inc. (NYSE:IR) This Quarter

Brokerages predict that Ingersoll Rand Inc. (NYSE:IRGet Rating) will announce $0.52 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Ingersoll Rand’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.50. Ingersoll Rand reported earnings of $0.46 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 13%. The firm is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Ingersoll Rand will report full-year earnings of $2.29 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.31. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.57 per share, with EPS estimates ranging from $2.42 to $2.64. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Ingersoll Rand.

Ingersoll Rand (NYSE:IRGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.29 billion. Ingersoll Rand had a net margin of 14.12% and a return on equity of 9.16%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 earnings per share.

Several brokerages have commented on IR. Deutsche Bank Aktiengesellschaft lifted their price target on Ingersoll Rand from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 14th. Credit Suisse Group cut their target price on shares of Ingersoll Rand from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, February 25th. Barclays decreased their price target on shares of Ingersoll Rand from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Monday, April 4th. StockNews.com started coverage on shares of Ingersoll Rand in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, TheStreet cut Ingersoll Rand from a “b-” rating to a “c” rating in a report on Wednesday, May 4th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $60.54.

Ingersoll Rand stock opened at $44.95 on Monday. The business’s 50-day simple moving average is $47.00 and its 200-day simple moving average is $53.32. Ingersoll Rand has a 52 week low of $41.60 and a 52 week high of $62.64. The firm has a market capitalization of $18.25 billion, a PE ratio of 24.83 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.22 and a current ratio of 2.88.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Friday, May 20th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a $0.08 annualized dividend and a dividend yield of 0.18%. Ingersoll Rand’s dividend payout ratio is presently 4.42%.

In other news, insider Andrew R. Schiesl sold 33,105 shares of the stock in a transaction on Friday, February 25th. The stock was sold at an average price of $50.09, for a total transaction of $1,658,229.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sia Abbaszadeh sold 50,000 shares of Ingersoll Rand stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $45.69, for a total value of $2,284,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 89,105 shares of company stock valued at $4,248,009 in the last quarter. 0.69% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. City State Bank acquired a new stake in shares of Ingersoll Rand in the 4th quarter valued at $25,000. Masso Torrence Wealth Management Inc. acquired a new stake in Ingersoll Rand in the fourth quarter worth about $27,000. Prospera Financial Services Inc bought a new stake in Ingersoll Rand during the 1st quarter worth about $27,000. Confluence Wealth Services Inc. bought a new position in shares of Ingersoll Rand in the 4th quarter valued at about $32,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Ingersoll Rand by 103.4% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 537 shares of the industrial products company’s stock worth $27,000 after buying an additional 273 shares during the period. 97.41% of the stock is currently owned by hedge funds and other institutional investors.

About Ingersoll Rand (Get Rating)

Ingersoll Rand Inc provides various mission-critical air, fluid, energy, specialty vehicle and medical technologies in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies.

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