FY2024 Earnings Estimate for Itron Issued By Zacks Research

Itron, Inc. (NASDAQ:ITRI) – Investment analysts at Zacks Research increased their FY2024 EPS estimates for shares of Itron in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the scientific and technical instruments company will post earnings per share of $5.31 for the year, up from their previous forecast of $4.47. The consensus estimate for Itron’s current full-year earnings is $5.33 per share. Zacks Research also issued estimates for Itron’s Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.08 EPS, Q4 2025 earnings at $1.09 EPS and FY2025 earnings at $4.43 EPS.

Several other analysts also recently weighed in on ITRI. Guggenheim lifted their price objective on shares of Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. BNP Paribas started coverage on shares of Itron in a research note on Thursday, September 5th. They issued an “outperform” rating and a $133.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Itron from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Roth Mkm raised their price target on shares of Itron from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Piper Sandler lifted their target price on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. 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 stock has a consensus rating of “Moderate Buy” and an average price target of $123.92.

Itron Trading Up 2.2 %

Shares of NASDAQ:ITRI opened at $118.93 on Friday. The company has a market cap of $5.36 billion, a PE ratio of 24.09, a P/E/G ratio of 0.86 and a beta of 1.46. The company’s 50-day moving average price is $109.20 and its 200 day moving average price is $104.94. Itron has a fifty-two week low of $65.42 and a fifty-two week high of $124.90. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITRI. State Board of Administration of Florida Retirement System lifted its position in Itron by 2.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,296 shares of the scientific and technical instruments company’s stock worth $1,230,000 after buying an additional 290 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Itron by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,701,337 shares of the scientific and technical instruments company’s stock valued at $527,488,000 after acquiring an additional 45,909 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Itron in the 1st quarter valued at about $336,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Itron in the 1st quarter valued at about $230,000. Finally, UniSuper Management Pty Ltd bought a new stake in Itron during the 1st quarter worth approximately $904,000. Institutional investors and hedge funds own 96.19% of the company’s stock.

Insider Buying and Selling

In other Itron news, CEO Thomas Deitrich sold 887 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $102.15, for a total value of $90,607.05. Following the sale, the chief executive officer now owns 205,276 shares of the company’s stock, valued at $20,968,943.40. The trade was a 0.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Joan S. Hooper sold 509 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $102.15, for a total transaction of $51,994.35. Following the completion of the sale, the chief financial officer now directly owns 72,338 shares in the company, valued at approximately $7,389,326.70. The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,066 shares of company stock valued at $4,092,737. 1.45% of the stock is owned by company insiders.

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.