Investment Technology Group, Inc. (ITG) to Release Quarterly Earnings on Tuesday
Investment Technology Group, Inc. (NYSE:ITG) is set to issue its quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
Investment Technology Group (NYSE:ITG) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04). The firm had revenue of $121.60 million for the quarter, compared to analyst estimates of $124.00 million. Investment Technology Group had a positive return on equity of 3.08% and a negative net margin of 1.77%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) EPS. On average, analysts expect Investment Technology Group to post $0.5 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.
Shares of Investment Technology Group, Inc. (NYSE ITG) opened at 23.44 on Tuesday. Investment Technology Group, Inc. has a 52-week low of $15.04 and a 52-week high of $23.96. The firm’s market cap is $776.45 million. The company’s 50 day moving average is $22.19 and its 200 day moving average is $21.12.
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A number of analysts recently weighed in on the stock. BidaskClub raised shares of Investment Technology Group from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Investment Technology Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. TheStreet raised shares of Investment Technology Group from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. Finally, Rosenblatt Securities initiated coverage on shares of Investment Technology Group in a report on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.00.
About Investment Technology Group
Investment Technology Group, Inc (ITG) is a financial technology company that helps brokers and asset managers improve returns for investors around the world. The Company operates through four segments: U.S. Operations, Canadian Operations, European Operations and Asia Pacific Operations. These four segments provide categories of products and services, such as Execution Services, Workflow Technology and Analytics.
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