The closing price of Ingersoll Rand Inc. (NYSE: IR) was $56.91 for the day, down -1.90% from the previous closing price of $58.01. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 1854235 shares were traded. IR stock price reached its highest trading level at $57.95 during the session, while it also had its lowest trading level at $56.66.
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Our analysis of IR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.06. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.29.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 06 when Reynal Vicente sold 25,000 shares for $60.00 per share. The transaction valued at 1,500,000 led to the insider holds 102,856 shares of the business.
Reynal Vicente sold 75,000 shares of IR for $4,300,450 on Feb 23. The insider now owns 119,480 shares after completing the transaction at $57.34 per share. On Feb 23, another insider, Schiesl Andrew R, who serves as the insider of the company, sold 18,000 shares for $56.77 each. As a result, the insider received 1,021,822 and left with 66,601 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IR now has a Market Capitalization of 23.12B and an Enterprise Value of 24.30B. As of this moment, Ingersoll’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.09, and their Forward P/E ratio for the next fiscal year is 19.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.72 while its Price-to-Book (P/B) ratio in mrq is 2.47. Its current Enterprise Value per Revenue stands at 3.91 whereas that against EBITDA is 17.71.
Stock Price History:
Over the past 52 weeks, IR has reached a high of $61.06, while it has fallen to a 52-week low of $39.28. The 50-Day Moving Average of the stock is 56.52, while the 200-Day Moving Average is calculated to be 53.34.
IR traded an average of 2.50M shares per day over the past three months and 1.69M shares per day over the past ten days. A total of 405.00M shares are outstanding, with a floating share count of 404.13M. Insiders hold about 0.10% of the company’s shares, while institutions hold 99.11% stake in the company. Shares short for IR as of Apr 27, 2023 were 5.72M with a Short Ratio of 5.72M, compared to 6.26M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.41% and a Short% of Float of 1.89%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.06, IR has a forward annual dividend rate of 0.08. Against a Trailing Annual Dividend Yield of 0.10%, it implies a Forward Annual Dividend Yield of 0.13%. The current Payout Ratio is 4.90% for IR, which recently paid a dividend on Jun 21, 2023 with an ex-dividend date of May 22, 2023. Stock splits for the company last occurred on Dec 01, 2013 when the company split stock in a 1252:1000 ratio.
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of $0.6 for the current quarter, with a high estimate of $0.65 and a low estimate of $0.56, while EPS last year was $0.54. The consensus estimate for the next quarter is $0.7, with high estimates of $0.75 and low estimates of $0.66.
Analysts are recommending an EPS of between $2.83 and $2.57 for the fiscal current year, implying an average EPS of $2.71. EPS for the following year is $2.96, with 15 analysts recommending between $3.09 and $2.85.
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $1.63B to a low estimate of $1.51B. As of the current estimate, Ingersoll Rand Inc.’s year-ago sales were $1.44B, an estimated increase of 10.20% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $1.68B, an increase of 15.80% over than the figure of $10.20% in the same quarter last year. There is a high estimate of $1.72B for the next quarter, whereas the lowest estimate is $1.65B.
A total of 15 analysts have provided revenue estimates for IR’s current fiscal year. The highest revenue estimate was $6.78B, while the lowest revenue estimate was $6.43B, resulting in an average revenue estimate of $6.63B. In the same quarter a year ago, actual revenue was $5.92B, up 12.10% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $6.9B in the next fiscal year. The high estimate is $7.27B and the low estimate is $5.97B. The average revenue growth estimate for next year is up 4.00% from the average revenue estimate for this year.