Equities analysts expect Ingersoll-Rand PLC (Ireland) (NYSE:IR) to post sales of $3.78 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Ingersoll-Rand PLC (Ireland)’s earnings, with the lowest sales estimate coming in at $3.75 billion and the highest estimate coming in at $3.80 billion. Ingersoll-Rand PLC (Ireland) reported sales of $3.69 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The company is expected to issue its next quarterly earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that Ingersoll-Rand PLC (Ireland) will report full-year sales of $3.78 billion for the current year, with estimates ranging from $13.77 billion to $13.95 billion. For the next fiscal year, analysts forecast that the firm will post sales of $14.44 billion per share, with estimates ranging from $14.33 billion to $14.60 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Ingersoll-Rand PLC (Ireland).

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its earnings results on Wednesday, April 26th. The industrial products company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. Ingersoll-Rand PLC (Ireland) had a net margin of 10.58% and a return on equity of 16.44%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis.

Several brokerages recently commented on IR. Stifel Nicolaus upped their price target on shares of Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Friday. BMO Capital Markets reaffirmed a “buy” rating and set a $100.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada upped their price target on shares of Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $93.33.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at 92.34 on Friday. The company has a 50-day moving average of $89.03 and a 200 day moving average of $81.86. The firm has a market cap of $23.64 billion, a P/E ratio of 16.78 and a beta of 1.30. Ingersoll-Rand PLC has a 12-month low of $59.10 and a 12-month high of $92.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Wednesday, June 7th. Ingersoll-Rand PLC (Ireland)’s payout ratio is currently 29.09%.

ILLEGAL ACTIVITY WARNING: “Analysts Expect Ingersoll-Rand PLC (Ireland) (IR) Will Post Quarterly Sales of $3.78 Billion” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/06/18/analysts-expect-ingersoll-rand-plc-ireland-ir-will-post-quarterly-sales-of-3-78-billion.html.

In other news, insider Marcia J. Avedon sold 10,000 shares of the stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $89.53, for a total value of $895,300.00. Following the completion of the sale, the insider now owns 118,297 shares of the company’s stock, valued at $10,591,130.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul A. Camuti sold 3,500 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $89.64, for a total transaction of $313,740.00. Following the completion of the sale, the insider now directly owns 61,519 shares of the company’s stock, valued at approximately $5,514,563.16. The disclosure for this sale can be found here. Insiders sold 21,943 shares of company stock valued at $1,967,606 in the last three months. Company insiders own 0.65% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Israel Discount Bank of New York acquired a new stake in Ingersoll-Rand PLC (Ireland) during the first quarter valued at about $126,000. Bessemer Group Inc. raised its stake in Ingersoll-Rand PLC (Ireland) by 20.1% in the fourth quarter. Bessemer Group Inc. now owns 1,693 shares of the industrial products company’s stock valued at $127,000 after buying an additional 283 shares during the last quarter. Parallel Advisors LLC acquired a new stake in Ingersoll-Rand PLC (Ireland) during the fourth quarter valued at about $137,000. Tradewinds Capital Management LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 9.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,690 shares of the industrial products company’s stock valued at $137,000 after buying an additional 140 shares during the last quarter. Finally, Zions Bancorporation raised its stake in Ingersoll-Rand PLC (Ireland) by 1.1% in the first quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock valued at $163,000 after buying an additional 22 shares during the last quarter. 82.37% of the stock is owned by institutional investors.

About Ingersoll-Rand PLC (Ireland)

Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.

Get a free copy of the Zacks research report on Ingersoll-Rand PLC (Ireland) (IR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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