ITT Inc (NYSE: ITT) has reported E.P.S. of $1.35 for its third fiscal quarter (ending September 30) versus $1.24 for the same period a year ago — an increase of 9%. Relative to the consensus estimate of $1.28, this was a premium of $0.07. For the latest four quarters through September 30, E.P.S. were $5.26 compared to $4.23 a year ago — an increase of 24%.
Recent Price Action
On 11/2/23, ITT Inc (NYSE: ITT) stock enjoyed a very large increase of 6.2%, closing at $99.76. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ITT is expected to continue to be a major Value Builder.
ITT has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ITT has a poor Appreciation Score of 28 but a very high Power Rating of 92, producing the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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