For its first fiscal quarter (ending March 31), Trane Technologies plc (NYSE: TT) has reported a 41% increase in E.P.S. from $1.36 a year ago to $1.92 in the current quarter. This result exceeded the consensus estimate of $1.91 by $0.01. For the latest four quarters through March 31, E.P.S. were $9.53 versus $7.88 for the same period a year ago — an increase of 21%.
Recent Price Action
Trane Technologies plc (NYSE: TT) stock enjoyed a very large increase of 5.5% on 4/30/24. The shares closed at $317.34. Moreover, this advance was accompanied by exceptionally high trading volume at 253% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 9.0% during the last week.
Current PriceTarget Research Rating
TT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Trane Technologies plc has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Trane Technologies plc has a poor Appreciation Score of 21 but a very high Power Rating of 99, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Be the first to comment