ITT (ITT) Set to Announce Earnings on Thursday

ITT (NYSE:ITT) will be announcing its earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $1.45 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, May 2nd. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.06. ITT had a net margin of 12.41% and a return on equity of 18.21%. The business had revenue of $910.60 million during the quarter, compared to the consensus estimate of $883.21 million. During the same period in the prior year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, analysts expect ITT to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

ITT Stock Down 0.0 %

ITT stock opened at $140.82 on Wednesday. The firm has a 50 day moving average price of $132.35 and a 200-day moving average price of $129.58. The company has a market capitalization of $11.59 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.82 and a beta of 1.42. ITT has a twelve month low of $91.94 and a twelve month high of $144.03. The company has a quick ratio of 1.08, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were given a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Monday, June 3rd. ITT’s dividend payout ratio is presently 25.10%.

Analysts Set New Price Targets

ITT has been the topic of several analyst reports. TD Cowen upped their price target on ITT from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Citigroup upped their target price on ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. KeyCorp upped their target price on ITT from $136.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Stifel Nicolaus upped their target price on ITT from $150.00 to $157.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, UBS Group upped their target price on ITT from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, ITT currently has an average rating of “Buy” and a consensus price target of $144.88.

ITT Company Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. 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, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.