Q1 2021 Earnings Estimate for ITT Inc. (NYSE:ITT) Issued By William Blair


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ITT Inc. (NYSE:ITT) – Research analysts at William Blair raised their Q1 2021 earnings per share (EPS) estimates for ITT in a report issued on Monday, February 22nd. William Blair analyst N. Heymann now forecasts that the conglomerate will post earnings of $0.87 per share for the quarter, up from their prior estimate of $0.84. William Blair also issued estimates for ITT’s Q3 2021 earnings at $0.96 EPS, Q4 2021 earnings at $1.14 EPS, FY2021 earnings at $3.70 EPS and FY2022 earnings at $4.15 EPS.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, February 18th. The conglomerate reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. ITT had a net margin of 6.20% and a return on equity of 13.64%. The business had revenue of $708.60 million during the quarter, compared to analyst estimates of $657.72 million. During the same period last year, the firm posted $0.99 EPS. The company’s revenue was down 1.5% on a year-over-year basis.

ITT has been the subject of a number of other reports. KeyCorp increased their price objective on shares of ITT from $80.00 to $87.00 and gave the company an “overweight” rating in a report on Monday, December 21st. Oppenheimer increased their price objective on shares of ITT from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Monday. Stifel Nicolaus raised shares of ITT from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, December 15th. Zacks Investment Research downgraded ITT from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a research report on Tuesday, December 15th. Finally, Robert W. Baird increased their target price on ITT from $91.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. ITT presently has a consensus rating of “Buy” and a consensus target price of $83.14.

Shares of ITT opened at $80.28 on Tuesday. ITT has a 1 year low of $35.41 and a 1 year high of $82.90. The company has a 50 day simple moving average of $79.12 and a two-hundred day simple moving average of $70.05. The firm has a market cap of $6.94 billion, a P/E ratio of 46.14, a price-to-earnings-growth ratio of 2.92 and a beta of 1.54.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 5th. Investors of record on Wednesday, March 17th will be given a $0.22 dividend. The ex-dividend date is Tuesday, March 16th. This is an increase from ITT’s previous quarterly dividend of $0.17. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. ITT’s dividend payout ratio (DPR) is currently 17.85%.

In related news, insider Mary Elizabeth Gustafsson sold 18,585 shares of the firm’s stock in a transaction on Monday, December 14th. The stock was sold at an average price of $78.00, for a total value of $1,449,630.00. 0.50% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ITT. Berman Capital Advisors LLC lifted its position in ITT by 122.0% in the third quarter. Berman Capital Advisors LLC now owns 444 shares of the conglomerate’s stock worth $26,000 after buying an additional 244 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in ITT in the fourth quarter worth $28,000. CI Investments Inc. purchased a new stake in ITT in the third quarter worth $31,000. Sittner & Nelson LLC purchased a new stake in ITT in the fourth quarter worth $31,000. Finally, Smithfield Trust Co. increased its stake in ITT by 175.0% in the third quarter. Smithfield Trust Co. now owns 550 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 350 shares during the period. Institutional investors own 90.49% of the company’s stock.

About ITT

ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, light- and heavy-duty commercial and military vehicles, buses, and rail.

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Earnings History and Estimates for ITT (NYSE:ITT)

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