ITT Inc. (NYSE:ITT) is expected to report third quarter earnings results, before market open, on Friday 30th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.71 per share from revenue of $ 579.27 million.
Looking ahead, the full year income are expected at $ 2.83 per share on the revenues of $ 2389.27 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,789.00 million ~ $ 2,903.00 million, where as bottomline are predicted in a range of $ 3.90 ~ $ 4.10 per share
Click Here For More Historical Outlooks Of ITT Inc.
Previous Quarter Performance
ITT Inc. unveiled income for the second quarter of $ 0.57 per share, from the revenue of $ 514.70 million. The quarterly earnings contracted 38.71 percent while revenues down 28.50 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.38 per share from $ 516.61 million in revenue. The bottom line results beat street analysts by $ 0.19 or 50.00 percent, at the same time, top line results fell short of analysts by $ 1.91 million or 0.37 percent.
Stock Performance
Shares of ITT Inc. traded up $ 1.87 or 3.07 percent on Thursday, reaching $ 62.79 with volume of 697.70 thousand shares. ITT Inc. has traded high as $ 63.08 and has cracked $ 60.24 on the downward trend
According to the previous trading day, closing price of $ 62.79, representing a 72.04 % increase from the 52 week low of $ 35.41 and a 19.38 % decrease over the 52 week high of $ 75.56.
The company has a market capital of $ 5.43 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by KeyBanc at Overweight rating, with $ 72.00 target price.
Recent Stock Dividend Announcement
On August 12, 2020, the board of directors authorized quarterly dividend of $ 0.169 per share to holders of record as of the close of business on September 11, 2020, with payment date of October 5, 2020 and ex-dividend date on September 10, 2020.
ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies.
