Zacks Research Predicts Itron’s Q4 Earnings (NASDAQ:ITRI)

Itron, Inc. (NASDAQ:ITRI) – Equities researchers at Zacks Research upped their Q4 2024 earnings estimates for shares of Itron in a report 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 $1.02 for the quarter, up from their previous estimate of $0.92. The consensus estimate for Itron’s current full-year earnings is $5.33 per share. Zacks Research also issued estimates for Itron’s Q3 2025 earnings at $1.19 EPS, Q2 2026 earnings at $1.32 EPS, Q3 2026 earnings at $1.38 EPS and FY2026 earnings at $5.29 EPS.

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

Several other analysts also recently commented on ITRI. Oppenheimer increased their price objective on Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird raised their price objective on Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BNP Paribas started coverage on shares of Itron in a report on Thursday, September 5th. They set an “outperform” rating and a $133.00 price objective on the stock. Roth Mkm increased their target price on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Stephens restated an “equal weight” rating and issued a $110.00 target price on shares of Itron in a research note on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.92.

Itron Price Performance

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

Insiders Place Their Bets

In related news, CEO Thomas Deitrich sold 37,500 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 205,276 shares in the company, valued at approximately $21,519,083.08. The trade was a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joan S. Hooper sold 509 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $102.15, for a total value of $51,994.35. Following the transaction, the chief financial officer now owns 72,338 shares in the company, valued at $7,389,326.70. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,066 shares of company stock worth $4,092,737 in the last three months. 1.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Itron

A number of large investors have recently added to or reduced their stakes in ITRI. Quarry LP grew its position in Itron by 29.0% during the 3rd quarter. Quarry LP now owns 454 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 102 shares during the last quarter. Continuum Advisory LLC increased its position in Itron by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 344 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 102 shares during the period. Stifel Financial Corp raised its stake in Itron by 2.2% in the third quarter. Stifel Financial Corp now owns 4,921 shares of the scientific and technical instruments company’s stock worth $526,000 after buying an additional 108 shares in the last quarter. Covestor Ltd raised its position in shares of Itron by 26.1% in the 3rd quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock worth $57,000 after acquiring an additional 111 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in Itron by 85.6% in the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 96.19% 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.