Wall Street analysts expect ITT Corp (NYSE:ITT) to announce $0.55 earnings per share for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for ITT Corp’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.61. ITT Corp reported earnings per share of $0.59 during the same quarter last year, which indicates a negative year-over-year growth rate of 6.8%. The company is scheduled to report its next earnings report before the market opens on Friday, February 12th.

According to Zacks, analysts expect that ITT Corp will report full year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.49 to $2.58. For the next financial year, analysts expect that the firm will report earnings of $2.70 per share, with EPS estimates ranging from $2.40 to $2.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for ITT Corp.

ITT Corp (NYSE:ITT) last released its quarterly earnings data on Friday, October 30th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $602 million for the quarter, compared to the consensus estimate of $608.56 million. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share.

Shares of ITT Corp (NYSE:ITT) opened at 32.45 on Monday. The company has a market capitalization of $2.90 billion and a price-to-earnings ratio of 8.49. The stock’s 50 day moving average price is $33.77 and its 200 day moving average price is $36.44. ITT Corp has a 1-year low of $29.15 and a 1-year high of $43.96.

A number of equities analysts have commented on the stock. Seaport Global Securities reduced their price target on shares of ITT Corp from $47.00 to $37.00 in a research report on Thursday, January 21st. Cowen and Company reiterated a “buy” rating and issued a $50.00 target price (down previously from $52.00) on shares of ITT Corp in a research note on Monday, November 2nd. Vertical Research downgraded ITT Corp from a “buy” rating to a “hold” rating in a report on Monday, January 11th. Oppenheimer restated a “market perform” rating on shares of ITT Corp in a research report on Monday, November 2nd. Finally, Avondale Partners began coverage on ITT Corp in a report on Thursday, October 15th. They set a “market perform” rating and a $42.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.75.

In other news, Director Geraud Darnis bought 10,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was bought at an average cost of $38.83 per share, with a total value of $388,300.00. Following the purchase, the director now owns 11,646 shares of the company’s stock, valued at $452,214.18. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Several large investors have recently added to or reduced their stakes in the stock. Simplex Trading purchased a new stake in ITT Corp during the fourth quarter valued at approximately $0. CT Financial Advisors boosted its stake in ITT Corp by 14.7% in the fourth quarter. CT Financial Advisors now owns 781 shares of the company’s stock valued at $28,366 after buying an additional 100 shares during the period. MUFG Americas boosted its stake in ITT Corp by 3.1% in the third quarter. MUFG Americas now owns 1,032 shares of the company’s stock valued at $35,000 after buying an additional 31 shares during the period. Cubic Asset Management LLC boosted its stake in ITT Corp by 11.3% in the fourth quarter. Cubic Asset Management LLC now owns 8,832 shares of the company’s stock valued at $321,000 after buying an additional 900 shares during the period. Finally, Oakbrook Investments LLC boosted its stake in ITT Corp by 1.1% in the fourth quarter. Oakbrook Investments LLC now owns 9,500 shares of the company’s stock valued at $345,000 after buying an additional 100 shares during the period.

ITT Corporation (NYSE: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. Motion Technologies manufactures brake components, shock absorbers and damping technologies for the automotive, truck and trailer, public bus and rail transportation markets. Interconnect Solutions manufactures and designs a range of engineered connector solutions that makes it possible to transfer signal and power between electronic devices. Control Technologies manufactures equipment, including actuation, valves, and noise and energy absorption components for the aerospace and defense, and industrial markets.

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