ITT (NYSE:ITT – Get Free Report) posted its quarterly earnings results on Thursday. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.06, Briefing.com reports. The business had revenue of $910.60 million for the quarter, compared to analyst estimates of $883.21 million. ITT had a net margin of 12.41% and a return on equity of 18.21%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS.
ITT Trading Up 3.1 %
Shares of ITT stock traded up $3.82 during trading hours on Friday, hitting $128.31. 540,258 shares of the company’s stock traded hands, compared to its average volume of 382,581. The stock’s 50 day simple moving average is $129.45 and its 200 day simple moving average is $118.53. The stock has a market cap of $10.55 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.43. ITT has a 12 month low of $75.82 and a 12 month high of $138.29. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.
ITT Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Monday, June 3rd. ITT’s payout ratio is currently 25.10%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on ITT
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.
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