Trane Technologies plc (NYSE:TT) is expected to report third quarter earnings results, before market open, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.35 per share.
Looking ahead, the full year income are expected at $ 3.88 per share on the revenues of $ 11892.60 million.
Previous Quarter Performance
Trane Technologies plc communicated income for the second quarter of $ 1.27 per share, from the revenue of $ 3,139.00 million. The quarterly earnings fell 39.23 percent while revenues declined 30.67 percent compared with the same quarter last year.
According to street consensus, TT was expected to report 2Q20 income of $ 0.74 per share from revenue of $ 2786.07 million. The bottom line results beat street analysts by $ 0.53 or 71.62 percent, at the same time, top line results outshined analysts by $ 352.93 million or 12.67 percent.
Stock Performance
Shares of Trane Technologies plc traded low $ -2.47 or -1.96 percent on Tuesday, reaching $ 123.68 with volume of 1.36 million shares. Trane Technologies plc has traded high as $ 126.67 and has cracked $ 123.08 on the downward trend
According to the previous trading day, closing price of $ 123.68, representing a 80.21 % increase from the 52 week low of $ 70.00 and a 4.62 % decrease over the 52 week high of $ 132.26.
Recent Analyst recommendations
- On 16th October 2020, maintained by Bank of America at Buy rating, with $ 140.00 target price.
- On 13th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 122.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.53 per share on October 8, 2020. The dividend were payable on December 31, 2020 to holders of record as of the close of business on December 4, 2020 and ex-dividend date on December 3, 2020.
