Back to top

Image: Bigstock

ITT to Display New Aerospace Solutions in Farnborough Airshow

Read MoreHide Full Article

ITT Inc. (ITT - Free Report) will display a comprehensive portfolio of groundbreaking aerospace solutions in this year’s Farnborough International Airshow (Jul 16-20). These solutions will be offered under the company’s Enidine, Aerospace Controls and Cannon brands.

ITT has a broad collection of custom-engineered innovative technologies appropriate for modern aircraft manufacturers. These state-of-the-art solutions of the company offer superior in-flight experience for passengers and ensure efficient maneuver of critical systems in the aircrafts.

ITT’s Aerospace Controls brand offers fluid controls, actuators, switches and environmental control systems. These innovative technologies provide different types of air, water, fuel and temperature-management services in the aerospace industry.

The company’s Cannon brand provides complex engineered interconnect solutions across the globe. These solutions link commercial aviation with high-speed power, data and signal solutions, consequently supporting the rising demand for in-flight connectivity and entertainment.

On the other hand, the company’s Enidine brand provides unique vibration and isolation, and energy absorption products made of lightweight aluminum and plastic materials. These products improve fuel efficiency of aircrafts, and lower installation and maintenance time for aircraft seats, stowage bins and component placement systems.

Over the past three months, ITT’s shares have rallied 11.3%, as against the 2.9% loss recorded by the industry.

This Zacks Rank #3 (Hold) stock came up with an average positive earnings surprise of 6.33%, over the past four quarters. Notably, the company’s earnings will likely be up 20.1% and 12.7% for 2018 and 2019, respectively.

Stocks to Consider

Some better-ranked stocks in the industry are listed below:

Sumitomo Corp. (SSUMY - Free Report) sports a Zacks Rank #1 (Strong Buy). The company’s earnings per share (EPS) are predicted to grow 5.5% in the next three to five years. You can see the complete list of today’s Zacks #1 Rank stocks here.

Hitachi Ltd. (HTHIY - Free Report) holds a Zacks Rank #2 (Buy). The company’s EPS is likely to be up 13%, over the next three to five years.

Raven Industries, Inc. also carries a Zacks Rank of 2. The company’s EPS is estimated to rise 10% during the same time frame.

The Hottest Tech Mega-Trend of All              

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

ITT Inc. (ITT) - free report >>

Sumitomo Corp. (SSUMY) - free report >>

Hitachi Ltd. (HTHIY) - free report >>