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Stock Update (NYSE:IR): Ingersoll Rand Schedules Conference Call and Webcast to Announce Fourth-Quarter 2015 Financial Results

[Business Wire] – Ingersoll-Rand plc , a world leader in creating comfortable, sustainable and efficient environments, will release its 2015 fourth-quarter financial results on Tuesday, February 9, 2016, at 6:30 a.m. Read more on this. Ingersoll-Rand Plc (IR) , with a current value of $13.59B, opened this morning at $51.54. Today’s price range has been between $50.60 and $52.40 per share and has traded between $49.74 and $70.93 over the past year. IR shares are currently priced at 13.81x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.52x forward p/e ratio. And for passive income investors, the company pays shareholders $1.16 per share annually in dividends, yielding 2.26%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.93 per share, which would be $0.11 better than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.72 would be a $0.39 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.30 Billion. If realized, that would be a 1.85% increase over the year-ago quarter. In terms of ratings, Stifel upgraded IR from Hold to Buy (Jul 13, 2015). Previously, Argus upgraded IR from Hold to Buy. The average price target for IR shares by the analysts covering the stock is $65.00, which is 26.12% above where the stock opened this morning. See more in (NYSE:IR) Similar Articles: Stock Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand Marks Climate Commitment Achievement at White House HFC Reduction Roundtable Company Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand Introduces New TURBO-AIR NX 8000 Integrally Geared Centrifugal Compressor Company Update: Ingersoll-Rand Plc (NYSE:IR) – Blake Koch Will Turn the Corners at Bristol Motor Speedway in Ingersoll Rand No. 8 Car this Weekend
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