Itron (ITRI) to Release Quarterly Earnings on Thursday

Itron (NASDAQ:ITRI) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Itron (NASDAQ:ITRI) last announced its earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.96 by $0.25. Itron had a net margin of 7.98% and a return on equity of 16.42%. The business had revenue of $609.07 million during the quarter, compared to analysts’ expectations of $599.25 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. On average, analysts expect Itron to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Itron Stock Up 1.1 %

Shares of ITRI stock opened at $102.36 on Thursday. The firm’s fifty day moving average price is $102.88 and its two-hundred day moving average price is $101.92. The company has a current ratio of 3.16, a quick ratio of 2.61 and a debt-to-equity ratio of 0.98. Itron has a 1 year low of $56.11 and a 1 year high of $113.07. The firm has a market capitalization of $4.70 billion, a P/E ratio of 29.41, a PEG ratio of 0.91 and a beta of 1.47.

Insider Activity at Itron

In other Itron news, SVP Donald L. Reeves III sold 4,210 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total transaction of $425,210.00. Following the completion of the sale, the senior vice president now directly owns 16,269 shares in the company, valued at $1,643,169. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Thomas Deitrich sold 37,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total value of $3,931,125.00. Following the transaction, the chief executive officer now directly owns 205,276 shares in the company, valued at approximately $21,519,083.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Donald L. Reeves III sold 4,210 shares of Itron stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the completion of the sale, the senior vice president now owns 16,269 shares of the company’s stock, valued at $1,643,169. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,276 shares of company stock worth $4,515,846. Insiders own 1.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ITRI shares. Roth Mkm reaffirmed a “buy” rating and issued a $125.00 target price on shares of Itron in a research report on Wednesday, August 21st. Janney Montgomery Scott initiated coverage on Itron in a research note on Friday, September 27th. They set a “buy” rating and a $131.00 price objective on the stock. TD Cowen increased their price objective on Itron from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Robert W. Baird boosted their target price on shares of Itron from $115.00 to $123.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Oppenheimer upped their price target on shares of Itron from $110.00 to $112.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.67.

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.