Itron (NASDAQ:ITRI) Issues FY 2026 Earnings Guidance

Itron (NASDAQ:ITRI) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 6.300-6.500 for the period, compared to the consensus earnings per share estimate of 5.980. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Itron also updated its Q3 2026 guidance to 1.500-1.600 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ITRI. Oppenheimer lifted their target price on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Seaport Research Partners reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Itron in a research note on Wednesday. Needham & Company LLC raised their target price on shares of Itron from $116.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday. Roth Capital restated a “buy” rating and issued a $136.00 price target on shares of Itron in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $131.33.

Itron Stock Performance

Shares of Itron stock traded down $3.12 during midday trading on Thursday, hitting $99.21. The company had a trading volume of 201,282 shares, compared to its average volume of 898,605. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 0.88 and a beta of 1.32. Itron has a 12-month low of $77.77 and a 12-month high of $142.00. The company has a quick ratio of 2.24, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. The company has a fifty day simple moving average of $84.04 and a 200 day simple moving average of $89.82.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.30. Itron had a net margin of 11.90% and a return on equity of 19.26%. The business had revenue of $562.90 million during the quarter, compared to analysts’ expectations of $566.34 million. During the same quarter last year, the company posted $1.62 earnings per share. The business’s quarterly revenue was down 7.2% on a year-over-year basis. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. As a group, analysts predict that Itron will post 6.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Joan S. Hooper sold 442 shares of Itron stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $37,291.54. Following the completion of the sale, the chief financial officer owned 117,478 shares of the company’s stock, valued at $9,911,618.86. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the transaction, the senior vice president owned 29,100 shares in the company, valued at approximately $2,455,167. This trade represents a 1.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 3,946 shares of company stock valued at $324,420. 1.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Itron

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Soros Fund Management LLC purchased a new position in shares of Itron during the 4th quarter valued at about $34,843,000. Millennium Management LLC lifted its holdings in Itron by 269.3% in the fourth quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock valued at $47,068,000 after acquiring an additional 369,617 shares during the period. Merewether Investment Management LP grew its stake in shares of Itron by 1,552.7% during the 2nd quarter. Merewether Investment Management LP now owns 300,787 shares of the scientific and technical instruments company’s stock worth $39,593,000 after purchasing an additional 282,587 shares during the period. Schroder Investment Management Group increased its holdings in shares of Itron by 65.2% during the 4th quarter. Schroder Investment Management Group now owns 588,872 shares of the scientific and technical instruments company’s stock valued at $54,683,000 after purchasing an additional 232,341 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Itron in the 4th quarter valued at $19,133,000. 96.19% of the stock is owned by institutional investors and hedge funds.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.