Roth Capital Brokers Boost Earnings Estimates for Itron

Itron, Inc. (NASDAQ:ITRI) – Investment analysts at Roth Capital lifted their Q4 2024 earnings estimates for Itron in a report issued on Thursday, October 31st. Roth Capital analyst C. Moore now forecasts that the scientific and technical instruments company will post earnings of $1.04 per share for the quarter, up from their previous estimate of $0.98. The consensus estimate for Itron’s current full-year earnings is $4.58 per share. Roth Capital also issued estimates for Itron’s Q1 2025 earnings at $1.09 EPS, Q2 2025 earnings at $1.11 EPS, Q3 2025 earnings at $1.32 EPS, Q4 2025 earnings at $1.32 EPS, FY2025 earnings at $4.84 EPS and FY2026 earnings at $5.45 EPS.

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

Several other analysts have also weighed in on the company. Guggenheim upgraded Itron from a “neutral” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Thursday, July 11th. JPMorgan Chase & Co. raised their target price on shares of Itron from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. TD Cowen lifted their price target on shares of Itron from $125.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer increased their price objective on shares of Itron from $120.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Stephens reissued an “equal weight” rating and issued a $110.00 price objective 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 given a buy rating to the company’s stock. According to MarketBeat.com, Itron presently has an average rating of “Moderate Buy” and an average target price of $123.50.

Itron Trading Up 2.8 %

Shares of ITRI stock opened at $114.97 on Monday. The company has a market cap of $5.17 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. Itron has a 1 year low of $62.45 and a 1 year high of $116.39. The stock’s 50 day simple moving average is $104.14 and its two-hundred day simple moving average is $102.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.61.

Institutional Investors Weigh In On Itron

A number of hedge funds have recently made changes to their positions in ITRI. Hexagon Capital Partners LLC lifted its position in Itron by 85.6% during the second quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 125 shares during the last quarter. Quarry LP lifted its holdings in shares of Itron by 53.0% during the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 122 shares during the last quarter. Covestor Ltd boosted 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 purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC grew its stake in Itron by 46.6% during the 2nd quarter. GAMMA Investing LLC now owns 720 shares of the scientific and technical instruments company’s stock worth $71,000 after buying an additional 229 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Itron by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock valued at $77,000 after buying an additional 129 shares in the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Itron

In other news, SVP Donald L. Reeves III sold 4,210 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the transaction, the senior vice president now owns 16,269 shares in the company, valued at approximately $1,643,169. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $102.15, for a total transaction of $90,607.05. Following the completion of the sale, the chief executive officer now owns 205,276 shares in the company, valued at $20,968,943.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donald L. Reeves III sold 4,210 shares of Itron stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total value of $425,210.00. Following the completion of the transaction, the senior vice president now owns 16,269 shares in the company, valued at $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,276 shares of company stock worth $4,515,846. Company 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.