Illinois Tool Works (NYSE:ITW – Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.12, Briefing.com reports. Illinois Tool Works had a net margin of 19.15% and a return on equity of 99.74%. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the business posted $2.55 EPS. The business’s revenue was down 1.6% compared to the same quarter last year. Illinois Tool Works updated its FY 2024 guidance to 11.630-11.730 EPS.
Illinois Tool Works Stock Performance
Shares of ITW traded down $3.20 during trading hours on Thursday, hitting $261.13. The company’s stock had a trading volume of 1,262,297 shares, compared to its average volume of 1,065,863. The company has a market cap of $77.53 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 4.10 and a beta of 1.10. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.30 and a quick ratio of 0.92. The business has a 50 day simple moving average of $254.96 and a two-hundred day simple moving average of $247.27. Illinois Tool Works has a 52-week low of $221.82 and a 52-week high of $271.15.
Illinois Tool Works Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.30%. The ex-dividend date is Tuesday, December 31st. Illinois Tool Works’s dividend payout ratio (DPR) is presently 58.82%.
Wall Street Analyst Weigh In
View Our Latest Research Report on Illinois Tool Works
Illinois Tool Works Company Profile
Illinois Tool Works Inc manufactures and sells industrial products and equipment in the United States and internationally. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products.
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