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Article: ITT Corporation - Value - Zacks Rank Buy
- Article from:
- Zacks Investment Research - Value - Zacks Rank Buy
- Article date:
- September 2, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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ITT Corporation - Value - Zacks Rank Buy
ITT Corporation
(
ITT
) is riding out the tough global manufacturing environment. The company recently surprised on the Zacks Consensus Estimate for the fourth straight quarter. ITT is trading with a forward P/E of 13.8.
Company Description
ITT Corporation is a engineering and manufacturing company with operations on all 7 continents. It has 3 business segments: water and fluids management, global defense and security and motion and flow control.
ITT Corporation Beat by 32.50% in the Second Quarter
On July 31, ITT Corporation reported much better than expected second quarter results that blew by the Zacks Consensus ...