StockStory Cites Slow Organic Growth at Illinois Tool Works
The publisher points to flat organic revenue and modest forecasts, while five-year EPS growth provides a brighter note.
StockStory said Illinois Tool Works has not grown organic revenue over the past two years, and analysts expect revenue to rise 4.1% over the next 12 months. The publisher said that forecast is below the sector average.
StockStory’s analysis describes the company’s recent organic revenue performance as underwhelming. Organic revenue excludes the effects of acquisitions, divestitures and currency changes, the article said.
There was a brighter point in the analysis: ITW’s earnings per share grew at a 5.6% annualized rate over the past five years. That exceeded the company’s 3.3% annualized revenue growth over the same period, according to StockStory.
The article said shares had held around $259.78 over six months, while the S&P 500 gained 16.6%. At that price, ITW traded at 22.7 times forward earnings, StockStory reported.
As of Thursday afternoon, the shares traded at $261.22, up 1.53% since the previous close.
This article was produced with the help of AI technology.
Source: Yahoo Finance
