ITT Corp Sets New 1-Year High at $35.52 (ITT)
ITT Corp (NYSE:ITT) set a new 52-week high during mid-day trading on Tuesday, AnalystRatings.Net reports. The stock traded as high as $35.52 and last traded at $35.33, with a volume of 361,645 shares. The stock had previously closed at $34.71.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of ITT Corp (NYSE:ITT) in a research note to investors on Thursday, August 22nd. They now have a $35.00 price target on the stock. Analysts at FBR Capital Markets upgraded shares of ITT Corp (NYSE:ITT) from an “underperform” rating to a “market perform” rating in a research note to investors on Friday, August 2nd. They now have a $32.00 price target on the stock, up previously from $18.50.
Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.67.
ITT Corp has a 52-week low of $19.79 and a 52-week high of $35.52. The stock has a 50-day moving average of $33.34 and a 200-day moving average of $29.97. The company has a market cap of $3.202 billion and a price-to-earnings ratio of 21.29.
ITT Corp (NYSE:ITT) last released its earnings data on Thursday, August 1st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.06. The company had revenue of $609.00 million for the quarter, compared to the consensus estimate of $599.47 million. During the same quarter last year, the company posted $0.50 earnings per share. ITT Corp’s revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that ITT Corp will post $1.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Investors of record on Friday, August 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, August 28th.
ITT Corporation (NYSE:ITT) is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets.
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