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Ingersoll-Rand PLC Lowers High End Of Prior FY 2013 Revenue Guidance; Narrows FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates; Issues Q3 2013 Guidance In Line With Analysts' Estimates


Friday, 19 Jul 2013 07:00am EDT 

Ingersoll-Rand PLC announced that for fiscal 2013, it expects revenues to be in the range of $14.2 billion to $14.4 billion with adjusted EPS from continuing operations expected to be in the range of $3.50 to $3.60. Costs related to the proposed spinoff of the Allegion security businesses and restructuring expenses are expected to be in the range of $0.50 to $0.60 per share and additional costs from the early retirement of debt will reduce EPS by $0.15 per share. Including these costs, EPS for 2013 continuing operations are expected to be in the range of $2.75 to $2.95. For the third quarter of 2013, revenues are expected to be in the range of $3.65 billion to $3.75 billion. Adjusted EPS from continuing operations are expected to be in the range of $1.07 to $1.12, with reported EPS of $0.82 to $0.87 including security business spinoff and restructuring costs equal to approximately $0.10 per share and costs related to the early retirement of debt equal to $0.15 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $14.4 billion and EPS of $3.58 for fiscal 2013; revenues of $3.76 billion and EPS of $1.10 for fiscal 2013 

Company Quote

61.81
0.26 +0.42%
12:13pm EDT