ITT (ITT) Receives Media Sentiment Score of 0.08
Press coverage about ITT (NYSE:ITT) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ITT earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the conglomerate an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- ITT Inc. (ITT) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- U.S. would like nuclear deal with India to go forward: official (feeds.reuters.com)
- ITT : MILITARY $109,026 Federal Contract Awarded to ITT Cannon (4-traders.com)
- Short Interest in Coca-Cola Company (The) (KO) Rises By 14 (overnewsmagazine.com)
- ETFs with exposure to ITT, Inc. : June 22, 2017 (finance.yahoo.com)
ITT (ITT) traded up 1.01% on Tuesday, reaching $39.15. The company’s stock had a trading volume of 397,993 shares. ITT has a 12-month low of $30.06 and a 12-month high of $44.00. The firm has a 50-day moving average of $39.86 and a 200 day moving average of $40.60. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 18.04 and a beta of 1.35.
ITT (NYSE:ITT) last posted its quarterly earnings data on Monday, May 8th. The conglomerate reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The business had revenue of $625.80 million during the quarter, compared to analysts’ expectations of $607.08 million. ITT had a return on equity of 14.65% and a net margin of 8.04%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. On average, equities research analysts anticipate that ITT will post $2.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Monday, June 12th will be given a $0.128 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, June 8th. ITT’s dividend payout ratio (DPR) is presently 23.50%.
A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on ITT from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. TheStreet upgraded ITT from a “c+” rating to a “b” rating in a research note on Monday, March 27th. BidaskClub upgraded ITT from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) downgraded ITT from a “buy” rating to a “neutral” rating and cut their price objective for the company from $46.00 to $43.00 in a research note on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $46.67.
ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.
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