ITT (NYSE:ITT) Updates FY 2025 Earnings Guidance

ITT (NYSE:ITT) issued an update on its FY 2025 earnings guidance on Thursday morning. 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.

ITT Stock Down 0.2 %

Shares of NYSE ITT opened at $146.07 on Friday. ITT has a 12-month low of $118.58 and a 12-month high of $161.13. The stock has a fifty day moving average price of $147.84 and a 200 day moving average price of $144.82. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.08. The company has a market cap of $11.91 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.80 and a beta of 1.41.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating 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%. Research analysts anticipate that ITT will post 6.33 EPS for the current fiscal year.

ITT Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. TD Cowen boosted their price objective on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird cut their price target on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. UBS Group raised their price objective on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Friday. Citigroup reduced their target price on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Stifel Nicolaus cut their price target on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.38.

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.