ITT Inc. (ITT) Scheduled to Post Quarterly Earnings on Friday
ITT Inc. (NYSE:ITT) is scheduled to issue its quarterly earnings data before the market opens on Friday, August 4th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. ITT has set its FY17 guidance at $2.205-2.505 EPS.
ITT (NYSE:ITT) last announced its earnings results on Monday, May 8th. The conglomerate reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. ITT had a net margin of 8.04% and a return on equity of 14.65%. The firm had revenue of $625.80 million during the quarter, compared to the consensus estimate of $607.08 million. During the same quarter in the previous year, the company posted $0.59 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect ITT to post $2.43 EPS for the current fiscal year and $2.81 EPS for the next fiscal year.
ITT Inc. (NYSE ITT) opened at 41.48 on Friday. The company has a 50-day moving average of $40.40 and a 200 day moving average of $40.62. ITT Inc. has a 52 week low of $31.08 and a 52 week high of $44.00. The firm has a market cap of $3.68 billion, a P/E ratio of 19.12 and a beta of 1.47.
The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Monday, June 12th were given a $0.128 dividend. The ex-dividend date was Thursday, June 8th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.23%. ITT’s dividend payout ratio (DPR) is 23.50%.
A number of equities analysts recently weighed in on ITT shares. Stifel Nicolaus increased their price target on ITT from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) lowered ITT from a “buy” rating to a “neutral” rating and decreased their price target for the company from $46.00 to $43.00 in a research report on Tuesday, June 6th. BidaskClub upgraded ITT from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. ValuEngine upgraded ITT from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded ITT from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.57.
ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.
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