ITT (NYSE:ITT) Updates FY 2025 Earnings Guidance

ITT (NYSE:ITT) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.100-6.500 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ITT shares. UBS Group increased their target price on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com cut shares of ITT from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup cut their price objective on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Robert W. Baird decreased their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Wolfe Research started coverage on ITT in a report on Wednesday, December 11th. They set a “peer perform” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, ITT has an average rating of “Moderate Buy” and a consensus target price of $168.38.

ITT Stock Down 0.2 %

ITT stock opened at $146.07 on Friday. The firm’s 50-day moving average is $147.84 and its two-hundred day moving average is $144.82. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. ITT has a 52 week low of $118.58 and a 52 week high of $161.13. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.08.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, topping the consensus estimate of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. On average, analysts forecast that ITT will post 6.33 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be issued a dividend of $0.351 per share. This is a positive change from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, March 6th. ITT’s payout ratio is presently 20.32%.

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.