ITT (ITT) Expected to Announce Earnings on Thursday

ITT (NYSE:ITT - Get Free Report) is expected to be releasing its Q2 2025 earnings data before the market opens on Thursday, July 31st. Analysts expect ITT to post earnings of $1.61 per share and revenue of $947.48 million for the quarter. ITT has set its FY 2025 guidance at 6.100-6.50 EPS.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.01. The firm had revenue of $913.00 million for the quarter, compared to the consensus estimate of $901.22 million. ITT had a return on equity of 17.75% and a net margin of 14.19%. The company's quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share. On average, analysts expect ITT to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

ITT Stock Performance

Shares of NYSE:ITT traded up $2.36 during midday trading on Friday, reaching $161.33. 221,537 shares of the company's stock traded hands, compared to its average volume of 522,280. ITT has a one year low of $105.64 and a one year high of $161.79. The stock has a 50 day moving average of $154.29 and a 200 day moving average of $144.21. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 2.02 and a beta of 1.35.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were paid a $0.351 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Monday, June 2nd. ITT's dividend payout ratio (DPR) is currently 22.26%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Bank of America increased 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. Stifel Nicolaus lifted their target price on ITT from $171.00 to $197.00 and gave the stock a "buy" rating in a report on Monday. The Goldman Sachs Group raised their price target on ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Wall Street Zen raised ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Citigroup reaffirmed a "buy" rating and set a $186.00 target price (up from $159.00) on shares of ITT in a research report on Monday, July 14th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, ITT currently has an average rating of "Moderate Buy" and an average price target of $173.25.

Hedge Funds Weigh In On ITT

Several hedge funds have recently bought and sold shares of ITT. Amundi increased its holdings in shares of ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate's stock valued at $867,000 after acquiring an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in ITT by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate's stock worth $54,020,000 after acquiring an additional 28,937 shares during the period. Empowered Funds LLC acquired a new stake in ITT during the 1st quarter worth approximately $360,000. Finally, Focus Partners Wealth lifted its position in ITT by 80.7% during the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate's stock worth $1,017,000 after acquiring an additional 3,515 shares during the period. Institutional investors and hedge funds 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.