ITT Inc. (NYSE:ITT) is set to issue its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.61 per share for the quarter. ITT has set its FY17 guidance at $2.40-2.50 EPS.
ITT (NYSE:ITT) last released its earnings results on Friday, August 4th. The conglomerate reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. ITT had a return on equity of 14.17% and a net margin of 8.64%. The firm had revenue of $630.90 million for the quarter, compared to the consensus estimate of $628.65 million. During the same period in the prior year, the firm earned $0.67 EPS. The firm’s revenue was up .8% on a year-over-year basis. On average, analysts expect ITT to post $2.48 EPS for the current fiscal year and $2.86 EPS for the next fiscal year.
ITT Inc. (ITT) traded up 1.80% during trading on Tuesday, hitting $46.91. The company had a trading volume of 248,731 shares. ITT Inc. has a 52-week low of $32.46 and a 52-week high of $47.98. The firm’s 50 day moving average is $44.85 and its 200-day moving average is $41.45. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 20.09 and a beta of 1.48.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a $0.128 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.11%. ITT’s payout ratio is 21.70%.
A number of equities research analysts have recently commented on ITT shares. BidaskClub raised shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $49.00 target price on shares of ITT in a report on Wednesday, August 16th. Zacks Investment Research cut shares of ITT from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. ValuEngine upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Deutsche Bank AG upgraded shares of ITT from a “hold” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $55.00 in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. ITT presently has an average rating of “Buy” and a consensus target price of $48.50.
In other ITT news, insider Mary Elizabeth Gustafsson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $42.90, for a total transaction of $214,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.
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