ITT (NYSE:ITT) will release its earnings data before the market opens on Friday, November 2nd. Analysts expect ITT to post earnings of $0.79 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
ITT (NYSE:ITT) last posted its earnings results on Friday, August 3rd. The conglomerate reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $696.80 million for the quarter, compared to analyst estimates of $685.80 million. ITT had a return on equity of 15.40% and a net margin of 7.02%. ITT’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. On average, analysts expect ITT to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of ITT stock opened at $50.50 on Thursday. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.28 and a beta of 1.65. ITT has a 1 year low of $46.10 and a 1 year high of $63.04.
ITT has been the topic of several research reports. UBS Group raised their price objective on ITT from $57.00 to $60.00 and gave the stock a “sell” rating in a report on Thursday, August 30th. ValuEngine raised ITT from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Stifel Nicolaus raised their price objective on ITT from $59.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, August 6th. Oppenheimer set a $67.00 price objective on ITT and gave the stock a “buy” rating in a report on Wednesday, October 17th. Finally, Zacks Investment Research raised ITT from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.13.
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: Industrial Process, Motion Technologies, and Connect & Control Technologies. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization systems; and centrifugal pumps, vertical centrifugal pumps, twin screw and positive displacement pumps, and water systems, as well as aftermarket solutions, such as repairs and upgrades services.
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