Ingersoll-Rand Plc (NYSE:IR) issued an update on its FY13 earnings guidance on Friday morning. The company provided EPS guidance of $3.50-3.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.57, Analyst Ratings.Net reports. The company issued revenue guidance of $14.2-14.4 billion, compared to the consensus revenue estimate of $14.40 billion.Ingersoll-Rand Plc also updated its Q3 guidance to $1.07-1.12 EPS.
Ingersoll-Rand Plc (NYSE: IR) opened at 59.92 on Friday. Ingersoll-Rand Plc has a 1-year low of $39.21 and a 1-year high of $60.16. The stock’s 50-day moving average is currently $56.90. The company has a market cap of $17.910 billion and a price-to-earnings ratio of 18.26.
Ingersoll-Rand Plc (NYSE:IR) last released its earnings data on Friday, July 19th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Ingersoll-Rand Plc has set its Q3 guidance at $1.07-1.12 EPS and its FY13 guidance at $3.50-3.60 EPS. On average, analysts predict that Ingersoll-Rand Plc will post $3.58 earnings per share for the current fiscal year.
IR has been the subject of a number of recent research reports. Analysts at Morgan Stanley raised their price target on shares of Ingersoll-Rand Plc from $59.00 to $62.00 in a research note to investors on Friday, July 12th. They now have an equal weight rating on the stock. On a related note, analysts at TheStreet reiterated a buy rating on shares of Ingersoll-Rand Plc in a research note to investors on Wednesday, July 10th. Finally, analysts at TheStreet reiterated a buy rating on shares of Ingersoll-Rand Plc in a research note to investors on Tuesday, June 25th.
Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $57.18.
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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