ITT (NYSE:ITT – Get Free Report) issued its quarterly earnings data on Thursday. The conglomerate reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03, Briefing.com reports. ITT had a net margin of 12.47% and a return on equity of 18.30%. The firm had revenue of $905.90 million for the quarter, compared to analyst estimates of $916.38 million. During the same quarter in the previous year, the business posted $1.33 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. ITT updated its FY 2024 guidance to 5.650-5.900 EPS and its FY24 guidance to $5.65-5.90 EPS.
ITT Stock Performance
NYSE ITT traded down $9.49 on Friday, hitting $129.73. The stock had a trading volume of 568,954 shares, compared to its average volume of 406,465. ITT has a one year low of $91.94 and a one year high of $149.65. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 1.81 and a beta of 1.41. The company’s 50-day moving average is $132.30 and its two-hundred day moving average is $129.89.
ITT Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be given a $0.319 dividend. This represents a $1.28 annualized dividend and a yield of 0.98%. The ex-dividend date is Tuesday, September 3rd. ITT’s dividend payout ratio (DPR) is 25.10%.
Wall Street Analyst Weigh In
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.
Featured Articles
- Five stocks we like better than ITT
- Following Congress Stock Trades
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- The 3 Best Fintech Stocks to Buy Now
- Intel Loses a Quarter of Its Value After Horrible Earnings Report
Receive News & Ratings for ITT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT and related companies with MarketBeat.com's FREE daily email newsletter.