ITT (NYSE:ITT – Get Free Report) released its quarterly earnings results on Tuesday. The conglomerate reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03, Briefing.com reports. The company had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a return on equity of 18.30% and a net margin of 12.47%. ITT’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 earnings per share. ITT updated its FY 2024 guidance to 5.800-5.860 EPS and its FY24 guidance to $5.80-5.86 EPS.
ITT Stock Down 0.9 %
ITT stock opened at $144.78 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $142.79 and a two-hundred day moving average price of $136.09. The company has a market cap of $11.83 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 1.92 and a beta of 1.40. ITT has a twelve month low of $91.94 and a twelve month high of $153.99.
ITT Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.319 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a yield of 0.88%. ITT’s dividend payout ratio is 24.90%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on ITT
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.
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