Itron (NASDAQ:ITRI) Issues Q4 2024 Earnings Guidance

Itron (NASDAQ:ITRI) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.000-1.100 for the period, compared to the consensus earnings per share estimate of 1.010. The company issued revenue guidance of $600.0 million-$610.0 million, compared to the consensus revenue estimate of $596.5 million. Itron also updated its FY 2024 guidance to 5.280-5.380 EPS.

Analyst Upgrades and Downgrades

ITRI has been the topic of several recent research reports. Roth Mkm lifted their price objective on Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird raised their target price on Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday. Oppenheimer upped their price objective on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday. Stephens restated an “equal weight” rating and issued a $110.00 target price on shares of Itron in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Itron from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.50.

Itron Stock Performance

NASDAQ:ITRI traded up $0.05 on Friday, hitting $111.81. The company’s stock had a trading volume of 963,729 shares, compared to its average volume of 495,505. The company has a current ratio of 3.36, a quick ratio of 2.61 and a debt-to-equity ratio of 0.91. Itron has a one year low of $58.88 and a one year high of $116.39. The stock has a fifty day moving average of $103.88 and a two-hundred day moving average of $102.65. The firm has a market capitalization of $5.03 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46.

Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.71. The business had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Research analysts predict that Itron will post 4.58 earnings per share for the current year.

Insider Activity at Itron

In related news, CEO Thomas Deitrich sold 887 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $90,607.05. Following the transaction, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at approximately $20,968,943.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Itron news, SVP Donald L. Reeves III sold 4,210 shares of Itron stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the sale, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Deitrich sold 887 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $102.15, for a total value of $90,607.05. Following the completion of the sale, the chief executive officer now owns 205,276 shares of the company’s stock, valued at approximately $20,968,943.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,276 shares of company stock worth $4,515,846 in the last ninety days. 1.45% of the stock is owned by company insiders.

About Itron

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.