Illinois Tool Works (NYSE:ITW) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Illinois Tool Works to post earnings of $1.80 per share for the quarter. Illinois Tool Works has set its FY19 guidance at $7.90-8.20 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Illinois Tool Works (NYSE:ITW) last released its quarterly earnings data on Friday, February 1st. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.01. Illinois Tool Works had a return on equity of 69.48% and a net margin of 17.35%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the firm earned $1.70 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts expect Illinois Tool Works to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

NYSE ITW opened at $157.93 on Wednesday. Illinois Tool Works has a fifty-two week low of $117.75 and a fifty-two week high of $158.69. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.26 and a current ratio of 1.63. The stock has a market cap of $51.27 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 2.59 and a beta of 1.19.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were issued a dividend of $1.00 per share. The ex-dividend date was Thursday, March 28th. This represents a $4.00 annualized dividend and a yield of 2.53%. Illinois Tool Works’s dividend payout ratio (DPR) is currently 52.63%.

Several equities analysts have weighed in on ITW shares. JPMorgan Chase & Co. lowered Illinois Tool Works from a “neutral” rating to an “underweight” rating and set a $120.00 target price on the stock. in a report on Thursday, January 10th. Citigroup lowered Illinois Tool Works from a “buy” rating to a “neutral” rating and set a $144.00 target price on the stock. in a report on Monday, January 14th. Credit Suisse Group restated a “hold” rating and set a $124.00 target price on shares of Illinois Tool Works in a report on Tuesday, January 22nd. Bank of America lowered Illinois Tool Works from a “neutral” rating to an “underperform” rating and cut their target price for the company from $128.00 to $124.00 in a report on Tuesday, February 5th. Finally, BMO Capital Markets cut their target price on Illinois Tool Works from $145.00 to $140.00 and set a “market perform” rating on the stock in a report on Monday, February 25th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $136.60.

In other news, Vice Chairman Christopher A. O’herlihy sold 43,554 shares of Illinois Tool Works stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $145.79, for a total value of $6,349,737.66. Following the transaction, the insider now directly owns 71,927 shares in the company, valued at $10,486,237.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juan Valls sold 52,265 shares of Illinois Tool Works stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $142.41, for a total value of $7,443,058.65. Following the completion of the transaction, the executive vice president now owns 78,620 shares in the company, valued at $11,196,274.20. The disclosure for this sale can be found here. Insiders sold 128,970 shares of company stock worth $18,348,472 over the last quarter. 0.87% of the stock is currently owned by corporate insiders.

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About Illinois Tool Works

Illinois Tool Works Inc manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses.

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Earnings History for Illinois Tool Works (NYSE:ITW)

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