ITT Corp Hits New 12-Month High at $48.06 (ITT)
Shares of ITT Corp (NYSE:ITT) hit a new 52-week high during mid-day trading on Thursday , Stock Ratings Network reports. The stock traded as high as $48.06 and last traded at $47.79, with a volume of 283,086 shares traded. The stock had previously closed at $47.94.
ITT has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of ITT Corp to a “buy” rating in a research note on Wednesday, June 4th. Analysts at Zacks reiterated a “neutral” rating on shares of ITT Corp in a research note on Friday, May 2nd. They now have a $47.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. ITT Corp presently has a consensus rating of “Buy” and a consensus price target of $44.86.
The stock has a 50-day moving average of $44.99 and a 200-day moving average of $43.26. The company has a market cap of $4.391 billion and a P/E ratio of 8.84.
ITT Corp (NYSE:ITT) last announced its earnings results on Thursday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.10. The company had revenue of $674.50 million for the quarter, compared to the consensus estimate of $645.70 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts expect that ITT Corp will post $2.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Wednesday, June 11th.
ITT Corporation (NYSE:ITT) is a diversified manufacturer of engineered critical components and customized technology solutions for industrial markets.
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