Brokerages forecast that Iteris, Inc. (NASDAQ:ITI) will announce ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Iteris’ earnings, with estimates ranging from ($0.05) to ($0.03). Iteris also posted earnings per share of ($0.04) in the same quarter last year. The company is scheduled to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Iteris will report full year earnings of ($0.11) per share for the current financial year, with EPS estimates ranging from ($0.12) to ($0.08). For the next fiscal year, analysts forecast that the business will post earnings of $0.01 per share, with EPS estimates ranging from ($0.03) to $0.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Iteris.

A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded Iteris from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Northland Securities set a $8.00 price target on Iteris and gave the company a “buy” rating in a report on Friday, August 4th. Finally, B. Riley reaffirmed a “buy” rating and issued a $9.00 price target on shares of Iteris in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Iteris currently has an average rating of “Buy” and a consensus target price of $8.31.

In other news, Director Global Investors Fundamental sold 269,293 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $6.31, for a total value of $1,699,238.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Todd Kreter sold 40,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $6.19, for a total value of $247,600.00. Following the completion of the sale, the insider now directly owns 43,303 shares of the company’s stock, valued at $268,045.57. The disclosure for this sale can be found here. Insiders sold 420,205 shares of company stock valued at $2,625,620 over the last three months. Corporate insiders own 4.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of ITI. Strs Ohio acquired a new stake in shares of Iteris in the second quarter valued at approximately $396,000. Spark Investment Management LLC boosted its holdings in shares of Iteris by 191.3% in the second quarter. Spark Investment Management LLC now owns 30,000 shares of the technology company’s stock valued at $186,000 after acquiring an additional 19,700 shares during the period. CAPROCK Group Inc. acquired a new stake in shares of Iteris in the second quarter valued at approximately $227,000. Essex Investment Management Co. LLC acquired a new stake in shares of Iteris during the second quarter worth $724,000. Finally, Trexquant Investment LP acquired a new stake in shares of Iteris during the second quarter worth $205,000. 33.99% of the stock is owned by institutional investors and hedge funds.

Shares of Iteris (NASDAQ ITI) traded down $0.33 on Wednesday, reaching $6.49. The company had a trading volume of 111,913 shares, compared to its average volume of 181,159. Iteris has a 52-week low of $3.20 and a 52-week high of $8.17.

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About Iteris

Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.

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