ITT Inc (NYSE: ITT) has reported E.P.S. of $1.35 for its first fiscal quarter (ending March 31) versus $1.21 for the same period a year ago — an increase of 12%. Relative to the consensus estimate of $1.59, this was a shortfall of $-0.24. For the latest four quarters through March 31, E.P.S. were $5.14 compared to $4.75 a year ago — an increase of 8%.
Recent Price Action
On 5/2/24, ITT Inc (NYSE: ITT) stock declined by -3.7%, closing at $124.49. Moreover, trading volume in this decline was exceptionally high at 308% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed 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 slightly negative Appreciation Score of 30 but a very high Power Rating of 91, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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