ITT (ITT) to Release Quarterly Earnings on Thursday

ITT (NYSE:ITT - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.48 per share and revenue of $927.03 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.03. The company had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. ITT's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.37 EPS. On average, analysts expect ITT to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

ITT Trading Up 2.8 %

Shares of ITT traded up $4.06 during trading hours on Thursday, hitting $151.23. The stock had a trading volume of 104,084 shares, compared to its average volume of 327,906. The company's fifty day simple moving average is $149.00 and its 200 day simple moving average is $144.40. ITT has a 12-month low of $118.58 and a 12-month high of $161.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. The firm has a market cap of $12.33 billion, a P/E ratio of 25.91, a P/E/G ratio of 1.84 and a beta of 1.41.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ITT shares. Wolfe Research started coverage on shares of ITT in a research report on Wednesday, December 11th. They set a "peer perform" rating for the company. StockNews.com raised shares of ITT from a "hold" rating to a "buy" rating in a research report on Tuesday. The Goldman Sachs Group raised their price objective on ITT from $150.00 to $166.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Citigroup lowered their target price on ITT from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Finally, KeyCorp increased their price objective on shares of ITT from $164.00 to $170.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $167.13.

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.