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Company Update: Illinois Tool Works Inc (NYSE:ITW) – ITW Schedules Second Quarter 2016 Earnings Conference Call

[GlobeNewswire] – GLENVIEW, Ill., June 20, 2016– Illinois Tool Works Inc. will issue its second quarter 2016 financial results at 7 a.m. on Wednesday, July 20, 2016. Following the release, ITW will hold its second quarter … Read more on this. Illinois Tool Works Inc. (ITW) , valued at $38.51B, opened this morning at $107.17. Today, shares have traded between $107.04 and $108.21 per share with a one year range of $78.79 to $109.54. ITW shares are currently priced at 19.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.71x forward p/e ratio. The company pays shareholders $2.20 per share in dividend income per year, for a current yield of 2.07%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.40 per share, which would be $0.10 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $5.53, which would be a $0.40 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.42 Billion. If reported, that would be a 0.29% decrease over the year-ago quarter. Recently, Barclays Initiated ITW at Equal Weight (Jan 11, 2016). Previously, Global Hunter Securities upgraded ITW from Accumulate to Buy. The average price target for ITW shares is $110.87, which is 3.45% above where the stock opened this morning. See more in (NYSE:ITW) Similar Articles: Stock Update: Illinois Tool Works Inc (NYSE:ITW) – ITW Reports First Quarter 2016 Financial Results Stock Update: Illinois Tool Works Inc (NYSE:ITW) – Diversified Machinery Equities Technical Commentary — Illinois Tool Works, Ingersoll-Rand, Flowserve, and Zebra Technologies Stock Update: Illinois Tool Works Inc (NYSE:ITW) – ITW to Acquire ZF TRW Engineered Fasteners and Components Business
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