ITT (ITT) Expected to Announce Quarterly Earnings on Thursday

ITT (NYSE:ITT) will likely be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect ITT to post earnings of $1.48 per share and revenue of $927.03 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

ITT Stock Down 1.8 %

ITT stock opened at $148.27 on Tuesday. The company has a market capitalization of $12.09 billion, a PE ratio of 25.30, a PEG ratio of 1.81 and a beta of 1.41. ITT has a 12-month low of $118.58 and a 12-month high of $161.13. The firm’s fifty day moving average is $148.55 and its 200 day moving average is $144.65. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ITT shares. Robert W. Baird dropped their price objective on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. TD Cowen increased their price target on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wolfe Research started coverage on ITT in a report on Wednesday, December 11th. They issued a “peer perform” rating on the stock. Finally, KeyCorp boosted their price target on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.13.

About ITT

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.