Despite its growing revenue, the company underperformed as compared with the industry average of 16.3%. Since the same quarter one year prior, revenue has slightly increased by 9.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. In comparison with the other companies in the Machinery industry and the overall market, IR's return on equity is significantly below that of the industry average and is below that of the S&P 500.
The company, on the basis of change in net income year over year, has significantly underperformed compared with the Machinery industry average, but is greater than that of the S&P 500. The net income has decreased by 16.5% when compared with the same quarter one year ago, dropping from $217.5 million to $181.6 million. IR had been rated a buy as of April 7, 2008.
Additional ratings changes from August 1 are listed below.
|Ticker||Company Name||Change||New Rating||Former Rating|
|ATG||AGL Resources Inc.||Downgrade||Hold||Buy|
|ATPG||ATP Oil & GasCorp.||Downgrade||Hold||Buy|
|CAP||CAI International Inc.||Initiated||Hold|
|CBD||Pao De Acucar Cia Brasil Dis||Upgrade||Buy||Hold|
|CHK||Chesapeake Energy Corp.||Downgrade||Hold||Buy|
|FDRY||Foundry Networks Inc.||Upgrade||Buy||Hold|
|HNR||Harvest Natural Resources||Upgrade||Hold||Sell|
|IR||Ingersoll-Rand Co. Ltd.||Downgrade||Hold||Buy|
|JJSF||J & J Snack Foods Corp.||Upgrade||Buy||Hold|
|MPET||Magellan Petroleum Corp.||Upgrade||Hold||Sell|
|NAV||Navistar International Corp.||Downgrade||Hold||Buy|
|PPO||Polypore International Inc.||Initiated||Sell|