Itron (ITRI) to Release Earnings on Thursday

Itron (NASDAQ:ITRI) will release its earnings data before the market opens on Thursday, October 31st. Analysts expect Itron to post earnings of $1.13 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Itron (NASDAQ:ITRI) last issued 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. The business had revenue of $609.07 million during the quarter, compared to analysts’ expectations of $599.25 million. Itron had a return on equity of 16.42% and a net margin of 7.98%. Itron’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. On average, analysts expect Itron to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Itron Trading Up 1.9 %

Shares of NASDAQ:ITRI opened at $104.83 on Tuesday. Itron has a 12-month low of $56.11 and a 12-month high of $113.07. The company has a quick ratio of 2.61, a current ratio of 3.16 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $4.81 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 0.85 and a beta of 1.47. The firm has a fifty day moving average of $103.09 and a two-hundred day moving average of $102.16.

Wall Street Analysts Forecast Growth

Several research firms have commented on ITRI. Janney Montgomery Scott began coverage on shares of Itron in a research note on Friday, September 27th. They issued a “buy” rating and a $131.00 price objective for the company. Guggenheim raised Itron from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Thursday, July 11th. Piper Sandler lifted their price objective on Itron from $109.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Oppenheimer increased their target price on Itron from $110.00 to $112.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Finally, BNP Paribas started coverage on Itron in a research report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price target on the stock. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.67.

Insider Transactions at Itron

In other 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 owns 16,269 shares of the company’s stock, valued at approximately $1,643,169. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Itron 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 value of $90,607.05. Following the completion of the sale, the chief executive officer now owns 205,276 shares in the company, valued at approximately $20,968,943.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Donald L. Reeves III sold 4,210 shares of the 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 43,276 shares of company stock valued at $4,515,846. Corporate insiders own 1.45% of the company’s stock.

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.