ITT (ITT) Expected to Announce Earnings on Thursday

ITT (NYSE:ITT) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $1.43 per share and revenue of $901.22 million for the quarter. ITT has set its FY 2025 guidance at 6.100-6.500 EPS.

ITT (NYSE:ITT) last issued its quarterly earnings results 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, analysts expect ITT to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

ITT Trading Up 2.1 %

NYSE:ITT opened at $132.30 on Thursday. The company has a market capitalization of $10.71 billion, a P/E ratio of 21.00, a PEG ratio of 1.89 and a beta of 1.36. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. ITT has a 12 month low of $105.64 and a 12 month high of $161.13. The firm has a fifty day simple moving average of $132.79 and a 200-day simple moving average of $143.30.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were given a dividend of $0.351 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.06%. This is a boost from ITT’s previous quarterly dividend of $0.32. ITT’s payout ratio is currently 22.22%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup reduced their price objective on ITT from $181.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 14th. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on shares of ITT from $179.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, April 14th. UBS Group increased their price objective on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, KeyCorp decreased their target price on shares of ITT from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.57.

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.