Illinois Tool Works Inc. (NYSE:ITW) is set to announce third quarter earning results on Friday 23rd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ITW to report 3Q20 income of $ 1.46 per share.
For the full year, analysts anticipate top line of $ 11903.40 million, while looking forward to income of $ 5.82 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 13,800.00 million ~ $ 14,100.00 million, where as bottomline are predicted in a range of $ 7.65 ~ $ 8.05 per share
Click Here For More Historical Outlooks Of Illinois Tool Works Inc.
Previous Quarter Performance
Illinois Tool Works Inc. announced income for the second quarter of $ 1.01 per share, from the revenue of $ 2,564.00 million. The quarterly earnings declined 47.12 percent while revenues dropped 28.96 percent compared with the same quarter last year.
Wall street analysts are predicting, ITW to report 2Q20 income of $ 0.70 per share from revenue of $ 2333.07 million. The bottom line results beat street analysts by $ 0.31 or 44.29 percent, at the same time, top line results outshined analysts by $ 230.93 million or 9.90 percent.
Stock Performance
Shares of Illinois Tool Works Inc. traded low $ -0.93 or -0.46 percent on Thursday, reaching $ 201.72 with volume of 985.00 thousand shares. Illinois Tool Works Inc. has traded high as $ 204.30 and has cracked $ 201.57 on the downward trend
The closing price of $ 201.72, representing a 74.79 % increase from the 52 week low of $ 115.94 and a 2.45 % decrease over the 52 week high of $ 207.75.
The company has a market capital of $ 63.78 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 167.00 target price.
- On 25th August 2020, initiated by Barclays at Equal-Weight rating, with $ 197.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.14 per share on August 7, 2020. The dividend were payable on October 14, 2020 to holders of record as of the close of business on September 30, 2020 and ex-dividend date on September 29, 2020.
Conference Call
Illinois Tool Works Inc. will be hosting a conference call at 10:00 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.itw.com
Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.
