Investment Technology Group (ITG) Releases Quarterly Earnings Results
Investment Technology Group (NYSE:ITG) released its earnings data on Thursday. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.06, American Banking and Market News reports. The company had revenue of $138.50 million for the quarter, compared to the consensus estimate of $131.40 million. During the same quarter last year, the company posted $0.27 earnings per share. Investment Technology Group’s revenue was down .6% compared to the same quarter last year.
Shares of Investment Technology Group (NYSE:ITG) opened at 18.48 on Thursday. Investment Technology Group has a 52-week low of $14.66 and a 52-week high of $20.87. The stock’s 50-day moving average is $17.5 and its 200-day moving average is $18.28. The company has a market cap of $665.3 million and a P/E ratio of 18.82.
A number of analysts have recently weighed in on ITG shares. Analysts at Keefe, Bruyette & Woods upgraded shares of Investment Technology Group from a “market perform” rating to an “outperform” rating in a research note on Friday, July 11th. They now have a $22.00 price target on the stock, up previously from $21.00. On a related note, analysts at Zacks downgraded shares of Investment Technology Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $19.30 price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Investment Technology Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $19.00 price target on the stock, down previously from $23.00.
Investment Technology Group, Inc (NYSE:ITG) is an independent execution and research broker that partners with global portfolio managers and traders to provide data-driven insights throughout the investment process.
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