Analysts forecast that ITT Inc (NYSE:ITT) will post earnings per share of $0.74 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for ITT’s earnings, with estimates ranging from $0.73 to $0.75. ITT reported earnings of $0.64 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.6%. The firm is expected to report its next earnings report before the market opens on Friday, February 22nd.
According to Zacks, analysts expect that ITT will report full year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.14 to $3.17. For the next financial year, analysts forecast that the business will post earnings of $3.56 per share, with EPS estimates ranging from $3.49 to $3.62. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for ITT.
ITT has been the topic of a number of analyst reports. Zacks Investment Research upgraded ITT from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Tuesday, November 13th. Robert W. Baird reiterated a “buy” rating and set a $65.00 target price on shares of ITT in a report on Wednesday, November 7th. Oppenheimer reiterated a “buy” rating and set a $68.00 target price on shares of ITT in a report on Friday, November 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price on shares of ITT in a report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. ITT has an average rating of “Buy” and a consensus target price of $64.38.
NYSE:ITT traded down $0.28 during trading hours on Thursday, reaching $56.36. 935,210 shares of the company traded hands, compared to its average volume of 466,709. The stock has a market cap of $4.96 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.28 and a beta of 1.62. ITT has a 1-year low of $44.89 and a 1-year high of $63.04.
ITT, Inc engages in the provision of engineering and technology. Its activities include manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies.
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