ITT (NYSE:ITT) Issues FY 2025 Earnings Guidance

ITT (NYSE:ITT - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 6.100-6.500 for the period, compared to the consensus EPS estimate of 6.490. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $3.9 billion.

ITT Stock Performance

ITT stock traded down $0.32 during trading hours on Friday, hitting $146.07. The stock had a trading volume of 607,201 shares, compared to its average volume of 353,160. The company has a 50-day moving average of $147.84 and a two-hundred day moving average of $144.84. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. ITT has a fifty-two week low of $118.58 and a fifty-two week high of $161.13. The company has a market cap of $11.91 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. On average, equities research analysts anticipate that ITT will post 6.33 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.96%. This is an increase from ITT's previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 6th. ITT's payout ratio is presently 20.32%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ITT. StockNews.com downgraded ITT from a "buy" rating to a "hold" rating in a research report on Wednesday. Citigroup cut their price objective on ITT from $183.00 to $181.00 and set a "buy" rating for the company in a report on Monday, January 13th. KeyCorp upped their target price on shares of ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Wolfe Research assumed coverage on shares of ITT in a report on Wednesday, December 11th. They set a "peer perform" rating for the company. Finally, Robert W. Baird decreased their price objective on shares of ITT from $165.00 to $163.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $168.38.

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.