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Here's Why You Should Add ITT Stock to Your Portfolio Now
ZACKS· 2024-07-11 14:10
Carlisle Companies Incorporated (CSL) presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 17%. The consensus estimate for CSL's 2024 earnings has increased 2.2% in the past 60 days. Shares of Carlisle have risen 57.9% in the past year. Griffon Corporation (GFF) presently carries a Zacks Rank of 2. It delivered a trailing four-quarter average earnings surprise of 33.5%. In the past 60 days, the Zacks Consensus Estimate for GFF's 2024 earnings has increased 4.2 ...
Reasons Why ITT Stock Deserves to Be in Your Portfolio Now
ZACKS· 2024-06-11 15:26
ITT Inc. (ITT) stands to benefit from strength across its businesses, acquisitions and focus on operational excellence. The company remains focused on investing in growth opportunities and strengthening its long-term market position. It has a market capitalization of $10.5 billion. Over the past six months, it has gained 12.1%, compared with the industry's growth of 0.8%. ITT currently carries a Zacks Rank #2 (Buy). Image Source: Zacks Investment Research Let's delve into the factors that have been aiding t ...
Sagimet Biosciences Presents Data from ITT and F3 Patient Population in Phase 2b FASCINATE-2 Clinical Trial of Denifanstat at EASL International Liver Congress 2024
GlobeNewswire News Room· 2024-06-06 09:00
Denifanstat achieved statistically significant results on primary and secondary liver biopsy endpoints in the ITT population, including both histology endpoints recommended in the FDA draft guidance for accelerated approval in MASH Statistical significance also shown in improvement of liver fibrosis ≥2-stage without worsening of MASH in the mITT population, including in patients with baseline stage 3 fibrosis Tripalmitin, a biomarker of denifanstat activity, showed an early and sustained reduction in de nov ...
ITT (ITT) - 2024 Q1 - Earnings Call Transcript
2024-05-02 18:49
Emmanuel Caprais Good morning, Michael. Great. Really appreciate everyone. Thank you. had such a long backlog. So we have good line-of-sight to bring Axtone to the mid to-high teens this year. But I would say, rail margins, especially in KONI are trending really well. Sure. Well, about it, Joe. I think that despite the big headwinds of mix, the margin improved more than 140 basis-points on an organic basis on a like-for-like. And the reason is really the result of the selectivity that we had in other acquis ...
Compared to Estimates, ITT (ITT) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-05-02 15:07
For the quarter ended March 2024, ITT (ITT) reported revenue of $910.6 million, up 14.1% over the same period last year. EPS came in at $1.42, compared to $1.17 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $873.58 million, representing a surprise of +4.24%. The company delivered an EPS surprise of +4.41%, with the consensus EPS estimate being $1.36.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...
ITT (ITT) - 2024 Q1 - Earnings Call Presentation
2024-05-02 15:02
Q1 2023 Q4 2023 Q1 2024 • Strength in IP service and valves; short cycle +9% sequentially Q1 SUMMARY RESULTS $798M $911M Q1 2023 Q1 2024 +23% + Shop floor productivity + >200 bps pump projects margin improvement $1.17 $1.42 1 Q1 2023 Q1 2024 0.5 0.6 0.7 0.8 0.9 1.1 1.2 1.3 1.4 + Profitable growth FREE CASH FLOW - A/R collections timing, higher incentive compensation All results unaudited. Comparisons to Q1 2023 unless otherwise noted. For non-GAAP reconciliations, refer to appendix. M&A, net Strategic Initi ...
ITT (ITT) - 2024 Q1 - Quarterly Results
2024-05-02 10:31
Exhibit 99.1 ITT REPORTS 2024 FIRST QUARTER EARNINGS PER SHARE (EPS) OF $1.34, ADJUSTED EPS OF $1.42 ▪ 13% orders growth (7% organic) driven by improved connectors demand, aerospace and defense components ramp, and Friction and rail share gains ▪ 14% revenue growth (9% organic), surpassing $900 million in revenue for the quarter, driven by higher volume in all businesses ▪ 80 basis points operating margin expansion to 16.4%; 120 basis points adjusted operating margin expansion to 17.0% ▪ 12% EPS growth (21% ...
3 Reasons Why Growth Investors Shouldn't Overlook ITT (ITT)
Zacks Investment Research· 2024-04-16 17:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...
Here's Why ITT (ITT) is a Strong Momentum Stock
Zacks Investment Research· 2024-04-15 14:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alongsid ...
Why ITT (ITT) is a Top Growth Stock for the Long-Term
Zacks Investment Research· 2024-04-12 14:50
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scor ...