Itron (ITRI) Scheduled to Post Earnings on Thursday

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

Itron (NASDAQ:ITRI) last announced its earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates 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%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 Stock Performance

Shares of NASDAQ:ITRI opened at $104.35 on Wednesday. The business’s 50 day moving average price is $103.22 and its 200-day moving average price is $102.25. Itron has a 1 year low of $56.11 and a 1 year high of $113.07. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.16 and a quick ratio of 2.61. The firm has a market capitalization of $4.79 billion, a PE ratio of 29.99, a P/E/G ratio of 0.85 and a beta of 1.47.

Insider Activity

In related news, CEO Thomas Deitrich sold 887 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $90,607.05. Following the completion of the transaction, the chief executive officer now owns 205,276 shares of the company’s stock, valued at approximately $20,968,943.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Itron news, CFO Joan S. Hooper sold 509 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $51,994.35. Following the sale, the chief financial officer now directly owns 72,338 shares in the company, valued at $7,389,326.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Deitrich sold 887 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $90,607.05. Following the completion of the transaction, the chief executive officer now directly owns 205,276 shares of the company’s stock, valued at approximately $20,968,943.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,276 shares of company stock valued at $4,515,846. Company insiders own 1.45% of the company’s stock.

Wall Street Analysts Forecast Growth

ITRI has been the subject of a number of recent research reports. BNP Paribas assumed coverage on shares of Itron in a research report on Thursday, September 5th. They issued an “outperform” rating and a $133.00 target price for the company. Piper Sandler raised their target price on shares of Itron from $109.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. TD Cowen upped their price target on Itron from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on Itron from $104.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Finally, Robert W. Baird raised their target price on Itron from $115.00 to $123.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Itron has an average rating of “Moderate Buy” and a consensus target price of $119.67.

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.