Illinois Tool Works (ITW) Projected to Post Quarterly Earnings on Wednesday

Illinois Tool Works (NYSE:ITW - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Illinois Tool Works to post earnings of $2.50 per share and revenue of $3.98 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Illinois Tool Works (NYSE:ITW - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.53 by $0.12. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $4.02 billion. Illinois Tool Works had a net margin of 21.66% and a return on equity of 97.06%. Illinois Tool Works's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.55 EPS. On average, analysts expect Illinois Tool Works to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Illinois Tool Works Stock Performance

ITW stock traded down $2.12 during trading hours on Wednesday, hitting $256.59. 815,191 shares of the stock were exchanged, compared to its average volume of 862,388. The company has a 50-day simple moving average of $262.74 and a two-hundred day simple moving average of $256.86. The firm has a market capitalization of $75.77 billion, a P/E ratio of 22.20, a P/E/G ratio of 3.60 and a beta of 1.11. Illinois Tool Works has a 12 month low of $232.77 and a 12 month high of $279.13. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.94.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ITW shares. Robert W. Baird boosted their price target on Illinois Tool Works from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Evercore ISI downgraded shares of Illinois Tool Works from an "in-line" rating to an "underperform" rating and upped their price target for the stock from $246.00 to $255.00 in a report on Wednesday, November 13th. StockNews.com upgraded Illinois Tool Works from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Citigroup lowered their target price on Illinois Tool Works from $279.00 to $265.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Finally, Stifel Nicolaus reduced their price target on shares of Illinois Tool Works from $268.00 to $266.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Illinois Tool Works presently has a consensus rating of "Hold" and an average price target of $269.89.

Illinois Tool Works Company Profile

Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.