Investment Technology Group, Inc. (ITG) Announces Quarterly Earnings Results
Investment Technology Group, Inc. (NYSE:ITG) announced its quarterly earnings results on Wednesday. The financial services provider reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14), Bloomberg Earnings reports. The company had revenue of $114.50 million during the quarter, compared to analysts’ expectations of $112.50 million. Investment Technology Group had a positive return on equity of 3.08% and a negative net margin of 1.77%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) EPS.
Several analysts have commented on the stock. BidaskClub upgraded shares of Investment Technology Group from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of Investment Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. TheStreet upgraded shares of Investment Technology Group from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd. Finally, Rosenblatt Securities assumed coverage on shares of Investment Technology Group in a research note on Tuesday, September 12th. They issued a “neutral” rating and a $21.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Investment Technology Group has a consensus rating of “Hold” and an average target price of $22.00.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/11/02/investment-technology-group-inc-itg-announces-quarterly-earnings-results.html.
Investment Technology Group Company Profile
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.
Receive News & Ratings for Investment Technology Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investment Technology Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.