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

RTTNews | 931 дней спустя
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

Тэгов: 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 | 1169 дней спустя
Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric
RTTNews | 43 минут назад
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.
RTTNews | 2ч 34мин назад
Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.
RTTNews | 3ч 27мин назад
European Economic News Preview: Eurozone Economic Sentiment Data Due

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.
RTTNews | 3ч 28мин назад
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 4ч 54мин назад