Wall Street analysts expect that ITT Inc (NYSE:ITT) will report sales of $698.41 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for ITT’s earnings, with the lowest sales estimate coming in at $692.30 million and the highest estimate coming in at $710.00 million. ITT posted sales of $683.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The company is expected to announce its next quarterly earnings report on Friday, February 15th.

On average, analysts expect that ITT will report full year sales of $2.77 billion for the current fiscal year, with estimates ranging from $2.76 billion to $2.78 billion. For the next year, analysts anticipate that the company will post sales of $2.90 billion, with estimates ranging from $2.86 billion to $2.95 billion. Zacks’ sales averages are an average based on a survey of research firms that cover ITT.

ITT (NYSE:ITT) last announced its earnings results on Friday, November 2nd. The conglomerate reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The company had revenue of $680.60 million during the quarter, compared to the consensus estimate of $677.36 million. ITT had a net margin of 7.80% and a return on equity of 16.10%. ITT’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.66 earnings per share.

Several equities research analysts have weighed in on the stock. Oppenheimer set a $67.00 target price on shares of ITT and gave the company a “buy” rating in a research note on Wednesday, October 17th. Zacks Investment Research upgraded shares of ITT from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, September 18th. UBS Group raised their target price on shares of ITT from $57.00 to $60.00 and gave the company a “sell” rating in a research note on Thursday, August 30th. Finally, Robert W. Baird restated a “buy” rating and issued a $65.00 target price on shares of ITT in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $65.63.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of ITT by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,447,321 shares of the conglomerate’s stock worth $517,482,000 after buying an additional 125,376 shares during the period. Vanguard Group Inc raised its holdings in shares of ITT by 1.5% during the third quarter. Vanguard Group Inc now owns 8,447,321 shares of the conglomerate’s stock worth $517,482,000 after purchasing an additional 125,376 shares during the last quarter. BlackRock Inc. raised its holdings in shares of ITT by 2.7% during the third quarter. BlackRock Inc. now owns 7,956,878 shares of the conglomerate’s stock worth $487,437,000 after purchasing an additional 209,102 shares during the last quarter. FMR LLC raised its holdings in shares of ITT by 14.2% during the third quarter. FMR LLC now owns 7,617,264 shares of the conglomerate’s stock worth $466,635,000 after purchasing an additional 945,321 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of ITT by 1.1% during the third quarter. Macquarie Group Ltd. now owns 2,667,007 shares of the conglomerate’s stock worth $163,381,000 after purchasing an additional 29,650 shares during the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.

ITT traded down $0.52 during trading on Friday, hitting $49.48. The stock had a trading volume of 602,410 shares, compared to its average volume of 579,522. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 1.29 and a beta of 1.73. ITT has a twelve month low of $46.10 and a twelve month high of $63.04.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 7th will be paid a dividend of $0.134 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.54 annualized dividend and a dividend yield of 1.08%. ITT’s payout ratio is currently 20.85%.

About ITT

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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Earnings History and Estimates for ITT (NYSE:ITT)

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