ITT (ITT) to Release Earnings on Thursday

ITT (NYSE:ITT) is expected to issue its quarterly earnings data 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. Investors that wish to register for the company’s conference call can do so using this link.

ITT (NYSE:ITT) last announced its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping the consensus estimate of $1.43 by $0.03. The business had revenue of $885.20 million for the quarter, compared to analysts’ expectations of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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 Price Performance

Shares of ITT stock opened at $147.27 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. ITT has a one year low of $118.58 and a one year high of $161.13. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The stock has a 50 day moving average price of $149.00 and a 200-day moving average price of $144.40.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wolfe Research began coverage on shares of ITT in a research report on Wednesday, December 11th. They issued a “peer perform” rating for the company. KeyCorp lifted their price objective on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. TD Cowen increased their target price on ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus decreased their price target on ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, ITT currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.13.

About ITT

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.