Zacks: Analysts Expect Ingersoll-Rand PLC (NYSE:IR) Will Post Quarterly Sales of $4.15 Billion

Equities analysts expect that Ingersoll-Rand PLC (NYSE:IR) will post $4.15 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Ingersoll-Rand’s earnings. The lowest sales estimate is $4.13 billion and the highest is $4.19 billion. Ingersoll-Rand posted sales of $3.90 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The business is expected to report its next earnings results on Wednesday, January 29th.

On average, analysts expect that Ingersoll-Rand will report full-year sales of $16.60 billion for the current year, with estimates ranging from $16.58 billion to $16.64 billion. For the next financial year, analysts forecast that the business will report sales of $17.23 billion, with estimates ranging from $17.01 billion to $17.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Ingersoll-Rand.

Ingersoll-Rand (NYSE:IR) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. Ingersoll-Rand had a net margin of 8.38% and a return on equity of 21.72%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm posted $1.75 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis.

IR has been the subject of several analyst reports. Deutsche Bank cut Ingersoll-Rand from a “buy” rating to a “hold” rating and decreased their price objective for the company from $137.00 to $135.00 in a report on Tuesday, October 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. dropped their target price on Ingersoll-Rand from $140.00 to $129.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Stephens cut Ingersoll-Rand from an “overweight” rating to an “equal” rating in a research report on Monday, October 7th. ValuEngine raised Ingersoll-Rand from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, KeyCorp upped their price objective on Ingersoll-Rand from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $135.25.

IR traded down $0.38 during midday trading on Friday, hitting $131.31. 1,126,558 shares of the company were exchanged, compared to its average volume of 1,378,083. The company’s 50 day simple moving average is $127.17 and its 200 day simple moving average is $123.09. The firm has a market capitalization of $31.55 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 1.91 and a beta of 1.22. Ingersoll-Rand has a 1-year low of $85.15 and a 1-year high of $134.61. The company has a current ratio of 1.28, a quick ratio of 0.88 and a debt-to-equity ratio of 0.68.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $0.53 dividend. The ex-dividend date is Thursday, December 5th. This represents a $2.12 annualized dividend and a dividend yield of 1.61%. Ingersoll-Rand’s dividend payout ratio is presently 37.79%.

In related news, SVP Keith A. Sultana sold 7,010 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $125.00, for a total value of $876,250.00. Following the completion of the sale, the senior vice president now owns 19,608 shares of the company’s stock, valued at approximately $2,451,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Marcia J. Avedon sold 7,450 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $129.00, for a total transaction of $961,050.00. Following the transaction, the senior vice president now owns 99,075 shares of the company’s stock, valued at $12,780,675. The disclosure for this sale can be found here. 0.71% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake in Ingersoll-Rand by 10.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 23,374 shares of the industrial products company’s stock valued at $2,960,000 after purchasing an additional 2,231 shares during the last quarter. Virginia Retirement Systems ET AL lifted its stake in shares of Ingersoll-Rand by 6.9% in the second quarter. Virginia Retirement Systems ET AL now owns 68,400 shares of the industrial products company’s stock worth $8,664,000 after buying an additional 4,400 shares in the last quarter. Creative Planning boosted its position in Ingersoll-Rand by 4.5% during the second quarter. Creative Planning now owns 18,407 shares of the industrial products company’s stock worth $2,332,000 after acquiring an additional 801 shares during the last quarter. Osborn Williams & Donohoe LLC boosted its position in Ingersoll-Rand by 129.9% during the second quarter. Osborn Williams & Donohoe LLC now owns 2,265 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 1,280 shares during the last quarter. Finally, Advisor Partners LLC grew its stake in Ingersoll-Rand by 2.8% during the 2nd quarter. Advisor Partners LLC now owns 7,126 shares of the industrial products company’s stock valued at $903,000 after acquiring an additional 191 shares in the last quarter. 79.12% of the stock is owned by institutional investors and hedge funds.

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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