ITT Inc. (NYSE:ITT) Relative Strength Index (RSI) is 43.29, with weekly volatility at 2.25% and ATR at 2.16. The ITT stock’s 52-week price range has touched low of $52.30 and a $101.32 high. Intraday shares traded counted 0.56 million, which was -0.72% lower than its 30-day average trading volume of 558.00K. Its shares traded lower over the last trading session, losing -2.28% on 05/19/21. The shares fell to a low of $91.51 before closing at $92.01. ITT’s previous close was $94.16 while the outstanding shares total 86.30M. The firm has a beta of 1.57, a 12-month trailing P/E ratio of 133.35, and a growth ratio of 7.49.
Investors have identified the Specialty Industrial Machinery company ITT Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $7.86 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
ITT Inc. (ITT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ITT, the company has in raw cash 780.2 million on their books with 61.2 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 1.89 billion total, with 826.5 million as their total liabilities.
ITT were able to record 53.6 million as free cash flow during the 07/30/2021 quarter of the year, this saw their quarterly net cash flow reduce by -79.6 million. In cash movements, the company had a total of 70.8 million as operating cash flow.
Potential earnings growth for ITT Inc. (ITT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/30/2021 quarter of the year, ITT Inc. recorded a total of 698.4 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 5.03% coming in sequential stages and their sales for the 07/30/2021 quarter reducing by -1.46%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 469.4 million trying to sell their products during the last quarter, with the result yielding a gross income of 229.0 million. This allows shareholders to hold on to 86.30M with the recently reported earning now reading 0.99 cents per share. This is a figure that compared to analyst’s prediction for their 07/30/2021 (1.06 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.44 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ITT sounds very interesting.
Is the stock of ITT attractive?
In related news, Director, ASHFORD ORLANDO D sold 3,032 shares of the company’s stock in a transaction that recorded on Mar 12. The sale was performed at an average price of 87.47, for a total value of 265,223. As the sale deal closes, the See Remarks, Ghirardo Carlo now sold 3,000 shares of the company’s stock, valued at 257,125. Also, See Remarks, Gustafsson Mary Elizabeth sold 18,585 shares of the company’s stock in a deal that was recorded on Dec 14. The shares were price at an average price of 78.00 per share, with a total market value of 1,449,630. Following this completion of acquisition, the See Remarks, Gustafsson Mary Elizabeth now holds 408 shares of the company’s stock, valued at 29,784. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
8 out of 15 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on ITT Inc.. 0 analysts has assigned a Sell rating on the ITT stock. The 12-month mean consensus price target for the company’s shares has been set at $95.45.