Equities research analysts forecast that ITT Inc (NYSE:ITT) will report earnings per share (EPS) of $0.84 for the current quarter, according to Zacks. Seven analysts have provided estimates for ITT’s earnings. The lowest EPS estimate is $0.80 and the highest is $0.86. ITT posted earnings of $0.77 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The business is scheduled to announce its next quarterly earnings results before the market opens on Friday, May 3rd.

On average, analysts expect that ITT will report full year earnings of $3.57 per share for the current year, with EPS estimates ranging from $3.55 to $3.60. For the next year, analysts expect that the business will report earnings of $3.94 per share, with EPS estimates ranging from $3.81 to $4.10. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover ITT.

ITT (NYSE:ITT) last announced its quarterly earnings data on Friday, February 22nd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. ITT had a return on equity of 16.50% and a net margin of 12.16%. The firm had revenue of $678.40 million during the quarter, compared to analysts’ expectations of $700.53 million. During the same period last year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year.

Several research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on ITT from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Zacks Investment Research upgraded ITT from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. UBS Group upgraded ITT from a “sell” rating to a “neutral” rating and raised their target price for the company from $48.00 to $60.00 in a research report on Thursday, February 28th. Finally, Oppenheimer set a $68.00 target price on ITT and gave the company a “buy” rating in a research report on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $65.50.

Shares of NYSE:ITT traded down $0.05 during trading on Tuesday, hitting $62.36. The stock had a trading volume of 29,035 shares, compared to its average volume of 521,725. ITT has a 12-month low of $44.89 and a 12-month high of $63.08. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.96 and a beta of 1.64.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were given a $0.147 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.59 dividend on an annualized basis and a yield of 0.94%. This is an increase from ITT’s previous quarterly dividend of $0.13. ITT’s payout ratio is currently 18.27%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc raised its stake in ITT by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 8,447,321 shares of the conglomerate’s stock valued at $517,482,000 after acquiring an additional 125,376 shares during the last quarter. Vanguard Group Inc. grew its position in ITT by 1.5% in the third quarter. Vanguard Group Inc. now owns 8,447,321 shares of the conglomerate’s stock valued at $517,482,000 after purchasing an additional 125,376 shares in the last quarter. Macquarie Group Ltd. grew its position in ITT by 0.9% in the fourth quarter. Macquarie Group Ltd. now owns 2,691,318 shares of the conglomerate’s stock valued at $129,910,000 after purchasing an additional 24,311 shares in the last quarter. Boston Partners grew its position in ITT by 18.0% in the fourth quarter. Boston Partners now owns 2,658,607 shares of the conglomerate’s stock valued at $128,331,000 after purchasing an additional 405,815 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in ITT by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,691,522 shares of the conglomerate’s stock valued at $81,647,000 after purchasing an additional 138,213 shares in the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

ITT Company Profile

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: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures braking pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, light- and heavy-duty commercial and military vehicles, buses, and rail.

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