Zacks Research Has Optimistic Outlook of Itron Q1 Earnings

Itron, Inc. (NASDAQ:ITRI) – Research analysts at Zacks Research increased their Q1 2025 earnings per share (EPS) estimates for Itron in a research report issued on Monday, March 17th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will post earnings per share of $1.26 for the quarter, up from their prior forecast of $1.07. The consensus estimate for Itron’s current full-year earnings is $5.33 per share. Zacks Research also issued estimates for Itron’s Q2 2025 earnings at $1.22 EPS, Q3 2025 earnings at $1.36 EPS, Q2 2026 earnings at $1.47 EPS, Q3 2026 earnings at $1.45 EPS, Q4 2026 earnings at $1.53 EPS and FY2027 earnings at $7.21 EPS.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group raised their price target on Itron from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. StockNews.com downgraded Itron from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Guggenheim lowered their price target on Itron from $135.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Oppenheimer lifted their target price on Itron from $124.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, Piper Sandler lifted their target price on Itron from $119.00 to $124.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.64.

Itron Stock Performance

ITRI stock opened at $106.79 on Wednesday. The company has a quick ratio of 2.83, a current ratio of 3.36 and a debt-to-equity ratio of 0.91. The business’s fifty day simple moving average is $103.96 and its two-hundred day simple moving average is $107.54. Itron has a twelve month low of $87.91 and a twelve month high of $124.90. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 0.81 and a beta of 1.49.

Insider Activity

In related news, CFO Joan S. Hooper sold 2,322 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $215,713.80. Following the completion of the sale, the chief financial officer now directly owns 92,076 shares in the company, valued at approximately $8,553,860.40. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary C. Hemmingsen sold 750 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $107.27, for a total value of $80,452.50. Following the sale, the director now owns 5,630 shares of the company’s stock, valued at $603,930.10. The trade was a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,037 shares of company stock worth $385,815 over the last three months. 1.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Itron

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Itron during the 4th quarter worth $64,615,000. Erste Asset Management GmbH acquired a new stake in Itron in the 3rd quarter valued at about $38,534,000. Bowen Hanes & Co. Inc. acquired a new stake in Itron in the 4th quarter valued at about $27,486,000. Raiffeisen Bank International AG acquired a new stake in Itron in the 4th quarter valued at about $27,619,000. Finally, Franklin Resources Inc. raised its position in Itron by 611.9% in the 3rd quarter. Franklin Resources Inc. now owns 282,828 shares of the scientific and technical instruments company’s stock valued at $31,128,000 after purchasing an additional 243,102 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

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.