Earnings Forecast Research on Illinois Tool Works Inc. (ITW)

Illinois Tool Works Inc. has received $1.44 as the consensus Earnings Estimate for the Quarter ending on Mar 2017 ,According to the estimate provided by 9 Financial Advisor in the Stock Trading Firms. Among 9 Analysts, Bottom line EPS Estimate for the current quarter is $1.41 while the top line estimate is $1.46 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 11.54%.

Illinois Tool Works Inc. reported better than expected with a surprise EPS of 1.46% or $0.02 during its most recent quarterly earnings. The Actual EPS was $1.39 compared to the Estimated EPS of $1.37. Glenview based Illinois Tool Works Inc. Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Apr 19, 2017.

Illinois Tool Works Inc. has a Price to Earnings ratio of 22.83 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 10.61. For the Most Recent Fiscal Year, Illinois Tool Works Inc. has a price to cash ratio of 20.2. For the Trailing twelve month period, company showed a Net Profit Margin of 14.96% and Return on Equity of the stock is 41.9%.

In the last quarter, Illinois Tool Works Inc. reported Annual Earnings of $1.39. Based on the filings, last years Annual Earnings was, $5.64. In the last Quarter, ITW reported a surprise Earnings per Share of 1.46% . The consensus estimate for current quarter is $1.44 and for the current fiscal year, the estimate is $6.18. For the Next fiscal year, the estimate is $6.9 based on the consensus.

Illinois Tool Works Inc. (NYSE:ITW) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 1.59 points or 1.23% at $127.2 with 1,664,175 shares getting traded. Post opening the session at $128.49, the shares hit an intraday low of $126.56 and an intraday high of $128.63 and the price was in this range throughout the day. The company has a market cap of $44,648 million and the number of outstanding shares has been calculated to be 351,004,740 shares. The 52-week high of Illinois Tool Works Inc. (NYSE:ITW) is $130.16 and the 52-week low is $88.

Illinois Tool Works, Inc. manufactures and markets a variety of products and systems that provide specific, problem-solving solutions for a diverse customer base worldwide. The companys business units are divided into six segments: Engineered Products-North America; Engineered Products-International; Specialty Systems-North America; Specialty Systems-International; Consumer Products; and Leasing and Investments.

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