ITT Guides FY23 Adj. EPS Just Below Estimates; Hikes Dividend 10% - Update

RTTNews | Před 930 dny
ITT Guides FY23 Adj. EPS Just Below Estimates; Hikes Dividend 10% - Update

(RTTNews) - While reporting financial results for the fourth quarter on Thursday, ITT Inc. (ITT) initiated its adjusted earnings and revenue growth guidance for the full-year 2023. It also increased quarterly dividend by 10 percent.

For fiscal 2023, the company now projects earnings in a range of $4.38 to $4.78 per share and adjusted earnings in a range of $4.55 to $4.95 per share on revenue growth of 7 to 9 percent, with organic revenue growth of 6 to 8 percent.

On average, 13 analysts polled by Thomson Reuters expect the company to report earnings of $4.96 per share on revenue growth of 4.9 percent to $3.13 billion for the year. Analysts' estimates typically exclude special items.

Additionally, the company announced a 10 percent higher quarterly cash dividend of $0.29 per share on the company's outstanding common stock for the first quarter, payable on April 3, 2023, to shareholders of record as of the close of business on March 9, 2023.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Značky : ITT
read more
ITT Provides Long-term Financial Targets

ITT Provides Long-term Financial Targets

Ahead of its investor conference later on Thursday, ITT Inc. (ITT) announced long-term financial targets, which comprise 5 to 7 percent revenue growth, 20 percent adjusted segment operating margin, over 10 percent adjusted earnings per share growth, and a free cash flow margin range of 11 percent to 13 percent, all based on actual results for the year-ending December 31, 2021.
RTTNews | Před 1168 dny
Australian Dollar Rises On Strong Monthly CPI Data

Australian Dollar Rises On Strong Monthly CPI Data

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of Australia's consumer price inflation accelerating more than expected to a one-year high in July.
RTTNews | Před 50 minutami
Australia Inflation Accelerates To 1-Year High

Australia Inflation Accelerates To 1-Year High

Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.
RTTNews | Před 2 h 29 min
European Economic News Preview: German GfK Consumer Confidence Due

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.
RTTNews | Před 3 h 5 min
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | Před 3 h 54 min