ITT (NYSE:ITT – Get Free Report) released its earnings results on Thursday. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.06, Briefing.com reports. The business had revenue of $910.60 million for the quarter, compared to analyst estimates of $883.21 million. ITT had a return on equity of 18.21% and a net margin of 12.41%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share.
ITT Price Performance
ITT traded up $3.82 during trading on Friday, reaching $128.31. 540,258 shares of the stock were exchanged, compared to its average volume of 382,581. The business’s 50 day moving average price is $129.45 and its two-hundred day moving average price is $118.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.24. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.70 and a beta of 1.43. ITT has a 1 year low of $75.82 and a 1 year high of $138.29.
ITT Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.319 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. ITT’s payout ratio is 25.10%.
Analyst Ratings Changes
Read Our Latest Stock Report 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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