Illinois Tool Works (NYSE:ITW) issued an update on its FY21 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $7.60-8.00 for the period, compared to the Thomson Reuters consensus estimate of $7.70. Illinois Tool Works also updated its FY 2021
Pre-Market guidance to 7.60-8.00 EPS.
Illinois Tool Works stock traded up $5.13 during midday trading on Friday, hitting $202.19. The stock had a trading volume of 1,833,937 shares, compared to its average volume of 1,041,965. The company has a current ratio of 2.37, a quick ratio of 1.92 and a debt-to-equity ratio of 2.81. The stock has a market cap of $64.00 billion, a P/E ratio of 30.63, a P/E/G ratio of 3.88 and a beta of 1.07. Illinois Tool Works has a 12 month low of $115.94 and a 12 month high of $224.69. The business has a fifty day moving average price of $202.84 and a 200 day moving average price of $200.16.
Illinois Tool Works (NYSE:ITW) last posted its earnings results on Friday, February 5th. The industrial products company reported $2.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.23. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.31 billion. Illinois Tool Works had a return on equity of 80.95% and a net margin of 16.77%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 earnings per share. On average, equities analysts anticipate that Illinois Tool Works will post 6.42 EPS for the current fiscal year.
Illinois Tool Works Company Profile
Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.
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