ITT (ITT) Given Daily Media Impact Rating of 0.12
Press coverage about ITT (NYSE:ITT) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ITT earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the conglomerate an impact score of 48.1605897223525 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- IHS Markit Score downgrades ITT Inc to 65 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- ITT, Inc. breached its 50 day moving average in a Bearish Manner : ITT-US : August 11, 2017 (finance.yahoo.com)
- ITT (NYSE:ITT) versus Global Power Equipment Group (GLPW) Critical Survey (americanbankingnews.com)
- ITT declares third-quarter dividend of 12.8 cents per share (finance.yahoo.com)
- Head-To-Head Contrast: P10 Industries (PIOI) vs. ITT (NYSE:ITT) (americanbankingnews.com)
ITT (NYSE ITT) opened at 40.19 on Friday. The stock’s 50 day moving average is $40.82 and its 200 day moving average is $40.58. ITT has a one year low of $32.46 and a one year high of $44.00. The firm has a market capitalization of $3.54 billion, a P/E ratio of 17.21 and a beta of 1.47.
ITT (NYSE:ITT) last issued its earnings results on Friday, August 4th. The conglomerate reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $630.90 million for the quarter, compared to analysts’ expectations of $628.65 million. ITT had a net margin of 8.64% and a return on equity of 14.17%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. On average, equities research analysts predict that ITT will post $2.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be given a $0.128 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, September 8th. ITT’s payout ratio is presently 21.70%.
ITT has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of ITT from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, July 18th. BidaskClub upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. ValuEngine upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Stifel Nicolaus upped their price target on shares of ITT from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of ITT from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $46.00 to $43.00 in a report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. ITT presently has an average rating of “Buy” and an average target price of $46.57.
ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.
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