ITT (NYSE:ITT) issued an update on its FY 2019 earnings guidance on Friday morning. The company provided EPS guidance of $3.58-3.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.61. The company issued revenue guidance of $2.827453-2.882355 billion, compared to the consensus revenue estimate of $2.85 billion.ITT also updated its FY19 guidance to $3.58-3.68 EPS.
NYSE ITT traded down $1.42 on Friday, reaching $59.27. 863,427 shares of the stock traded hands, compared to its average volume of 470,992. The stock’s fifty day simple moving average is $63.99. The company has a market cap of $5.33 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 1.84 and a beta of 1.58. ITT has a 12 month low of $44.89 and a 12 month high of $66.88.
ITT (NYSE:ITT) last released its quarterly earnings results on Friday, August 2nd. The conglomerate reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The firm had revenue of $719.90 million during the quarter, compared to analyst estimates of $703.80 million. ITT had a return on equity of 16.69% and a net margin of 11.04%. During the same period in the previous year, the company posted $0.82 EPS. As a group, analysts predict that ITT will post 3.61 EPS for the current fiscal year.
In related news, CFO Thomas M. Scalera sold 64,135 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.57, for a total transaction of $3,948,791.95. Following the transaction, the chief financial officer now directly owns 73,701 shares in the company, valued at approximately $4,537,770.57. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Farrokh Batliwala sold 8,950 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.38, for a total value of $549,351.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
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. The Motion Technologies segment manufactures braking pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, light- and heavy-duty commercial and military vehicles, buses, and rail.
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