Wall street estimates Earnings report ITT (NYSE:ITT)

Earnings results for ITT (NYSE:ITT)

ITT Inc. is expected* to report earnings on 05/07/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.87. The reported EPS for the same quarter last year was $0.8.

ITT last posted its quarterly earnings data on February 18th, 2021. The conglomerate reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The firm had revenue of $708.60 million for the quarter, compared to analyst estimates of $657.72 million. Its revenue for the quarter was down 1.5% on a year-over-year basis. ITT has generated $3.81 earnings per share over the last year and currently has a price-to-earnings ratio of 56.4. ITT has confirmed that its next quarterly earnings report will be published on Friday, May 7th, 2021. ITT will be holding an earnings conference call on Friday, May 7th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on ITT (NYSE:ITT)

7 Wall Street analysts have issued ratings and price targets for ITT in the last 12 months. Their average twelve-month price target is $91.50, predicting that the stock has a possible downside of 6.79%. The high price target for ITT is $105.00 and the low price target for ITT is $65.00. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”

ITT has received a consensus rating of Buy. The company’s average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $91.50, ITT has a forecasted downside of 6.8% from its current price of $98.17. ITT has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: ITT (NYSE:ITT)

ITT has a dividend yield of 0.91%, which is in the bottom 25% of all stocks that pay dividends. ITT has only been increasing its dividend for 1 years. The dividend payout ratio of ITT is 23.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ITT will have a dividend payout ratio of 24.58% next year. This indicates that ITT will be able to sustain or increase its dividend.

Insiders buying/selling: ITT (NYSE:ITT)

In the past three months, ITT insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $265,209.00 in company stock. Only 0.50% of the stock of ITT is held by insiders. 90.49% of the stock of ITT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of ITT (NYSE:ITT

Earnings for ITT are expected to grow by 14.74% in the coming year, from $3.12 to $3.58 per share. The P/E ratio of ITT is 56.42, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.89. The P/E ratio of ITT is 56.42, which means that it is trading at a more expensive P/E ratio than the Multi-Sector Conglomerates sector average P/E ratio of about 42.27. ITT has a PEG Ratio of 2.92. PEG Ratios above 1 indicate that a company could be overvalued. ITT has a P/B Ratio of 4.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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