ITT (ITT) Expected to Announce Quarterly Earnings on Thursday

ITT (NYSE:ITTGet Free Report) is anticipated to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.48 per share and revenue of $927.03 million for the quarter. Parties that wish to listen to the company’s earnings conference call can do so using this link.

ITT (NYSE:ITTGet Free Report) last released its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $885.20 million during the quarter, compared to analyst estimates of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $1.37 EPS. On average, analysts expect ITT to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

ITT Stock Up 0.5 %

Shares of NYSE:ITT opened at $147.27 on Thursday. The firm has a market cap of $12.00 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. ITT has a 12-month low of $118.58 and a 12-month high of $161.13. The company has a fifty day simple moving average of $149.00 and a 200 day simple moving average of $144.40. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

Analyst Ratings Changes

A number of analysts have weighed in on ITT shares. KeyCorp increased their target price on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Stifel Nicolaus decreased their price target on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research report on Friday, January 24th. The Goldman Sachs Group increased their price target on shares of ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Citigroup dropped their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Robert W. Baird cut their price target on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, ITT currently has an average rating of “Moderate Buy” and a consensus target price of $167.13.

Read Our Latest Stock Analysis on ITT

About ITT

(Get Free Report)

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.

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Earnings History for ITT (NYSE:ITT)

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