Ingersoll Rand (NYSE:IR) Announces Quarterly Earnings Results

Ingersoll Rand (NYSE:IR - Get Free Report) announced its quarterly earnings data on Thursday. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.04), Zacks reports. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.91 billion. Ingersoll Rand had a net margin of 11.72% and a return on equity of 13.01%. Ingersoll Rand updated its FY 2025 guidance to 3.380-3.500 EPS.

Ingersoll Rand Stock Down 7.3 %

Shares of NYSE:IR traded down $6.76 on Monday, reaching $85.79. The company had a trading volume of 7,441,849 shares, compared to its average volume of 2,111,534. Ingersoll Rand has a 52-week low of $83.72 and a 52-week high of $106.03. The firm's 50 day simple moving average is $92.75 and its 200-day simple moving average is $95.12. The firm has a market capitalization of $34.58 billion, a PE ratio of 41.85, a PEG ratio of 3.66 and a beta of 1.43. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.08 annualized dividend and a yield of 0.09%. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.90%.

Analyst Upgrades and Downgrades

IR has been the subject of several recent analyst reports. Barclays decreased their price target on Ingersoll Rand from $120.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. UBS Group assumed coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They set a "buy" rating and a $124.00 price objective for the company. Stifel Nicolaus cut their price target on Ingersoll Rand from $107.00 to $100.00 and set a "hold" rating for the company in a report on Friday, January 24th. Robert W. Baird dropped their price objective on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Finally, The Goldman Sachs Group upped their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $105.92.

About Ingersoll Rand

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.