Analysts forecast that Iteris Inc (NASDAQ:ITI) will report earnings per share of ($0.03) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Iteris’ earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at ($0.02). Iteris also posted earnings of ($0.03) per share in the same quarter last year. The firm is scheduled to report its next earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Iteris will report full year earnings of ($0.08) per share for the current fiscal year, with EPS estimates ranging from ($0.11) to ($0.05). For the next financial year, analysts expect that the business will report earnings of $0.08 per share, with EPS estimates ranging from $0.00 to $0.16. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Iteris.

Iteris (NASDAQ:ITI) last announced its earnings results on Tuesday, August 7th. The technology company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.03. Iteris had a negative net margin of 4.54% and a negative return on equity of 10.36%. The business had revenue of $25.48 million during the quarter, compared to analysts’ expectations of $24.22 million.

A number of brokerages have recently issued reports on ITI. ValuEngine raised shares of Iteris from a “hold” rating to a “buy” rating in a research note on Friday, June 29th. Zacks Investment Research raised shares of Iteris from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Wednesday, July 11th. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of Iteris in a research note on Tuesday, September 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Iteris currently has an average rating of “Buy” and an average price target of $8.63.

Shares of NASDAQ ITI traded up $0.14 during midday trading on Friday, reaching $4.28. The stock had a trading volume of 134,397 shares, compared to its average volume of 75,840. The stock has a market cap of $142.11 million, a PE ratio of -107.00 and a beta of -0.07. Iteris has a 12-month low of $4.09 and a 12-month high of $7.88.

In other news, major shareholder Neil S. Subin sold 23,323 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $4.41, for a total value of $102,854.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Neil S. Subin sold 52,830 shares of Iteris stock in a transaction dated Wednesday, October 17th. The shares were sold at an average price of $4.42, for a total transaction of $233,508.60. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund increased its position in Iteris by 42.1% during the 1st quarter. New York State Common Retirement Fund now owns 35,659 shares of the technology company’s stock valued at $177,000 after purchasing an additional 10,559 shares during the period. Cowen Prime Services LLC increased its position in Iteris by 3.2% during the 2nd quarter. Cowen Prime Services LLC now owns 897,692 shares of the technology company’s stock valued at $4,345,000 after purchasing an additional 28,200 shares during the period. Northern Trust Corp increased its position in Iteris by 13.0% during the 1st quarter. Northern Trust Corp now owns 321,393 shares of the technology company’s stock valued at $1,595,000 after purchasing an additional 37,080 shares during the period. Private Management Group Inc. purchased a new position in Iteris during the 2nd quarter valued at about $517,000. Finally, BlackRock Inc. increased its position in Iteris by 12.0% during the 2nd quarter. BlackRock Inc. now owns 1,950,422 shares of the technology company’s stock valued at $9,440,000 after purchasing an additional 208,926 shares during the period. Institutional investors own 33.53% of the company’s stock.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.

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Earnings History and Estimates for Iteris (NASDAQ:ITI)

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