What is Zacks Research’s Estimate for ITT Q2 Earnings?

ITT Inc. (NYSE:ITT) – Stock analysts at Zacks Research cut their Q2 2027 earnings per share estimates for shares of ITT in a research report issued to clients and investors on Tuesday, July 1st. Zacks Research analyst R. Department now expects that the conglomerate will post earnings of $1.82 per share for the quarter, down from their previous estimate of $1.83. The consensus estimate for ITT’s current full-year earnings is $6.51 per share. Zacks Research also issued estimates for ITT’s FY2027 earnings at $7.67 EPS.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.01. ITT had a return on equity of 17.75% and a net margin of 14.19%. The firm had revenue of $913.00 million during the quarter, compared to the consensus estimate of $901.22 million. During the same quarter in the previous year, the company posted $1.42 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year.

ITT has been the subject of a number of other research reports. Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Bank of America boosted their target price on ITT from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. KeyCorp boosted their target price on ITT from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Stifel Nicolaus boosted their target price on ITT from $161.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Finally, Citigroup dropped their target price on ITT from $181.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and an average target price of $165.50.

ITT Stock Performance

Shares of ITT opened at $161.39 on Thursday. The stock has a fifty day moving average price of $150.10 and a two-hundred day moving average price of $142.75. ITT has a 52-week low of $105.64 and a 52-week high of $161.53. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 2.11 and a beta of 1.35.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 2nd were issued a $0.351 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 0.87%. ITT’s dividend payout ratio is presently 22.26%.

Institutional Investors Weigh In On ITT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC bought a new stake in shares of ITT in the fourth quarter worth about $26,000. Quarry LP increased its holdings in shares of ITT by 101.6% in the fourth quarter. Quarry LP now owns 248 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 125 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of ITT by 291.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate’s stock worth $59,000 after acquiring an additional 309 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of ITT in the fourth quarter worth about $59,000. Finally, Versant Capital Management Inc increased its holdings in shares of ITT by 3,513.3% in the first quarter. Versant Capital Management Inc now owns 542 shares of the conglomerate’s stock worth $70,000 after acquiring an additional 527 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

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.