Ingersoll-Rand Plc (IR) Updates FY14 Earnings Guidance
Ingersoll-Rand Plc (NYSE:IR) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.05-3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.20, Analyst RN reports. The company issued revenue guidance of +3-4% ~$12.7-12.8 billion, compared to the consensus revenue estimate of $12.88 billion.Ingersoll-Rand Plc also updated its Q1 guidance to $0.23-0.28 EPS.
Ingersoll-Rand Plc (NYSE:IR) opened at 59.08 on Tuesday. Ingersoll-Rand Plc has a one year low of $40.6549 and a one year high of $63.42. The stock’s 50-day moving average is $60.51 and its 200-day moving average is $54.33. The company has a market cap of $17.020 billion and a price-to-earnings ratio of 21.97.
Ingersoll-Rand Plc (NYSE:IR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.01. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Ingersoll-Rand Plc will post $2.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Ingersoll-Rand Plc from a neutral rating to an underperform rating in a research note on Friday, January 17th. They now have a $57.00 price target on the stock. On a related note, analysts at Goldman Sachs reiterated a neutral rating on shares of Ingersoll-Rand Plc in a research note on Monday, January 13th. Finally, analysts at Robert W. Baird cut their price target on shares of Ingersoll-Rand Plc from $72.00 to $65.00 in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Ingersoll-Rand Plc presently has an average rating of Hold and a consensus price target of $66.75.
Ingersoll-Rand plc (NYSE:IR) is a diversified, global company that provides products, services and solutions to enhance the comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties.
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