ITT (NYSE:ITT) will issue its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.84 per share for the quarter. ITT has set its FY 2019 guidance at $3.42-3.66 EPS and its FY19 guidance at $3.42-3.66 EPS.
ITT (NYSE:ITT) last announced its quarterly earnings data on Friday, February 22nd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. ITT had a return on equity of 16.50% and a net margin of 12.16%. The company had revenue of $678.40 million for the quarter, compared to analysts’ expectations of $700.53 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue was down .8% compared to the same quarter last year. On average, analysts expect ITT to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of ITT stock opened at $60.64 on Friday. ITT has a 12-month low of $44.89 and a 12-month high of $63.08. The company has a market cap of $5.45 billion, a PE ratio of 18.77, a P/E/G ratio of 1.95 and a beta of 1.64.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were paid a dividend of $0.147 per share. The ex-dividend date was Friday, March 8th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from ITT’s previous quarterly dividend of $0.13. ITT’s dividend payout ratio is currently 18.27%.
A number of equities research analysts recently weighed in on the company. Oppenheimer set a $68.00 price target on ITT and gave the company a “buy” rating in a research note on Thursday, January 10th. Zacks Investment Research cut ITT from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. UBS Group upgraded ITT from a “sell” rating to a “neutral” rating and increased their price target for the company from $48.00 to $60.00 in a research note on Thursday, February 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $66.00 price target on shares of ITT in a research note on Friday, February 22nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. ITT has a consensus rating of “Buy” and an average price target of $65.50.
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ITT Company Profile
ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures braking 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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