ITT (NYSE:ITT) Releases Q1 Earnings Guidance

ITT (NYSE:ITT) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.43-1.45 for the period, compared to the consensus estimate of $1.43. The company issued revenue guidance of $900 million, compared to the consensus revenue estimate of $901.39 million. ITT also updated its Q1 2025 guidance to 1.430-1.450 EPS.

ITT Stock Performance

ITT traded down $2.23 during trading on Thursday, reaching $123.16. 232,012 shares of the company’s stock were exchanged, compared to its average volume of 418,539. ITT has a fifty-two week low of $105.64 and a fifty-two week high of $161.13. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $136.83 and a 200 day moving average price of $144.75. The company has a market capitalization of $10.03 billion, a P/E ratio of 19.62, a PEG ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, topping 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%. As a group, analysts predict that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 6th were given a dividend of $0.351 per share. This is an increase from ITT’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, March 6th. This represents a $1.40 annualized dividend and a yield of 1.14%. ITT’s dividend payout ratio is 22.22%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ITT shares. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Citigroup reduced their price target on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Monday, January 13th. KeyCorp cut their price objective on ITT from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group increased their price objective on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Stifel Nicolaus cut their price objective on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, ITT has an average rating of “Moderate Buy” and a consensus price target of $167.43.

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.