Equities analysts expect that Itron, Inc. (NASDAQ:ITRI) will post $0.54 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Itron’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.47. Itron reported earnings per share of $0.88 in the same quarter last year, which suggests a negative year-over-year growth rate of 38.6%. The business is expected to issue its next quarterly earnings report on Wednesday, February 26th.
According to Zacks, analysts expect that Itron will report full year earnings of $3.14 per share for the current fiscal year, with EPS estimates ranging from $3.07 to $3.22. For the next year, analysts anticipate that the company will report earnings of $3.61 per share, with EPS estimates ranging from $3.48 to $3.78. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Itron.
Itron (NASDAQ:ITRI) last announced its earnings results on Monday, November 4th. The scientific and technical instruments company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.38. Itron had a net margin of 2.37% and a return on equity of 18.69%. The firm had revenue of $624.47 million for the quarter, compared to analyst estimates of $622.63 million. During the same quarter in the prior year, the business posted $1.13 EPS. The business’s revenue was up 4.8% compared to the same quarter last year.
A number of equities analysts have commented on the company. Raymond James raised their price objective on Itron from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Oppenheimer lifted their price objective on Itron from $75.00 to $90.00 in a report on Tuesday, November 5th. Canaccord Genuity upped their target price on Itron from $77.00 to $87.00 and gave the company a “buy” rating in a research report on Monday, October 21st. ValuEngine lowered Itron from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Stephens set a $83.00 price target on Itron and gave the stock a “hold” rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $77.90.
Institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its stake in Itron by 76.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 370 shares of the scientific and technical instruments company’s stock worth $31,000 after purchasing an additional 160 shares during the last quarter. PGGM Investments bought a new position in shares of Itron in the 4th quarter valued at $4,030,000. Hennessy Advisors Inc. acquired a new position in shares of Itron during the 4th quarter worth $12,970,000. Meridian Wealth Management LLC acquired a new position in shares of Itron during the 4th quarter worth $414,000. Finally, Resources Management Corp CT ADV acquired a new position in shares of Itron during the 3rd quarter worth $238,000. Institutional investors and hedge funds own 95.13% of the company’s stock.
Shares of ITRI stock traded up $1.03 during trading on Friday, hitting $87.84. The company had a trading volume of 332,736 shares, compared to its average volume of 217,645. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.07 and a current ratio of 1.41. The firm has a market capitalization of $3.43 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10. The stock’s 50-day moving average price is $83.59 and its 200 day moving average price is $73.98. Itron has a one year low of $45.54 and a one year high of $88.09.
Itron Company Profile
Itron, Inc, a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.
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