Itron (ITRI) to Release Earnings on Thursday

Itron (NASDAQ:ITRI) is projected to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect Itron to post earnings of $1.30 per share and revenue of $608.86 million for the quarter.

Itron Trading Up 1.6 %

Shares of ITRI opened at $110.88 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91. The stock has a market cap of $5.05 billion, a PE ratio of 22.72, a PEG ratio of 0.81 and a beta of 1.39. Itron has a 1 year low of $90.03 and a 1 year high of $124.90. The stock has a 50 day simple moving average of $103.59 and a 200-day simple moving average of $107.47.

Analyst Ratings Changes

A number of brokerages have issued reports on ITRI. Piper Sandler lifted their price objective on Itron from $119.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. StockNews.com cut shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Guggenheim restated a “buy” rating and issued a $133.00 price target on shares of Itron in a research report on Thursday, April 17th. Canaccord Genuity Group upped their price objective on shares of Itron from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Finally, Oppenheimer lifted their target price on shares of Itron from $124.00 to $131.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and an average price target of $127.64.

Insider Buying and Selling

In other news, SVP Christopher E. Ware sold 648 shares of Itron stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the completion of the sale, the senior vice president now owns 20,326 shares in the company, valued at $1,888,285.40. The trade was a 3.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO David Marshall Wright sold 317 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $29,449.30. Following the completion of the transaction, the chief accounting officer now owns 8,108 shares in the company, valued at $753,233.20. This represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,037 shares of company stock worth $385,815 in the last quarter. Insiders own 1.45% of the company’s stock.

Itron Company Profile

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.