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