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Although the revenue and EPS for ITT (ITT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NEW YORK , Aug. 1, 2024 /PRNewswire/ -- Behrman Capital, a private equity investment firm based in New York, today announced that it has entered into a definitive agreement to sell its portfolio company kSARIA Holdings ("kSARIA" or "the company"), a leading producer and supplier of mission-critical connectivity solutions for the aerospace and defense end markets, to ITT Inc. ("ITT", NYSE: ITT) in a transaction valued at approximately $475 million. Founded in 2000, kSARIA brings extensive process technology and engineering expertise to the high-reliability connectivity industry, offering interconnect products and services with superior performance, quality and value to the Mil/Aero end market.
ITT (ITT) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.33 per share a year ago.
STAMFORD, Conn.--(BUSINESS WIRE)--ITT Inc. today reported financial results for the second quarter ended June 29, 2024 and announced a reshaping of its portfolio.
Investors interested in stocks from the Diversified Operations sector have probably already heard of Sumitomo Corp. (SSUMY) and ITT (ITT). But which of these two stocks is more attractive to value investors?
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for ITT (ITT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
ITT (ITT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors with an interest in Diversified Operations stocks have likely encountered both Sumitomo Corp. (SSUMY) and ITT (ITT). But which of these two companies is the best option for those looking for undervalued stocks?
ITT benefits from strength in the IP segment, driven by growth in pump projects in the industrial market. The company's efforts to reward its shareholders with dividends augur well.
Investors with an interest in Diversified Operations stocks have likely encountered both Sumitomo Corp. (SSUMY) and ITT (ITT). But which of these two stocks offers value investors a better bang for their buck right now?