ITT (NYSE:ITT) Issues FY 2025 Earnings Guidance

ITT (NYSE:ITT) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 6.100-6.500 for the period, compared to the consensus EPS estimate of 6.490. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $3.9 billion.

ITT Trading Up 0.4 %

ITT traded up $0.64 on Friday, reaching $147.03. 258,323 shares of the company traded hands, compared to its average volume of 361,865. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $11.98 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.81 and a beta of 1.41. The firm has a fifty day simple moving average of $148.05 and a two-hundred day simple moving average of $144.78. ITT has a one year low of $118.58 and a one year high of $161.13.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.02. ITT had a return on equity of 17.98% and a net margin of 13.67%. As a group, equities research analysts expect that ITT will post 5.84 earnings per share for the current year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be given a $0.351 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.95%. This is a boost from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio is presently 22.22%.

Wall Street Analysts Forecast Growth

ITT has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Robert W. Baird reduced their target price on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Wolfe Research assumed coverage on ITT in a report on Wednesday, December 11th. They issued a “peer perform” rating for the company. TD Cowen increased their price objective on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus decreased their price target on shares of ITT from $180.00 to $179.00 and set a “buy” rating for the company in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, ITT currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.38.

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.