Brokerages expect that Iteris Inc (NASDAQ:ITI) will announce earnings of ($0.01) per share for the current quarter, Zacks reports. Two analysts have made estimates for Iteris’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.01. Iteris posted earnings of ($0.03) per share in the same quarter last year, which suggests a positive year over year growth rate of 66.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Iteris will report full-year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.14) to ($0.05). For the next fiscal year, analysts forecast that the business will report earnings of $0.04 per share, with EPS estimates ranging from $0.00 to $0.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Iteris.

Iteris (NASDAQ:ITI) last announced its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. Iteris had a negative return on equity of 10.36% and a negative net margin of 4.54%. The business had revenue of $24.42 million for the quarter, compared to analysts’ expectations of $25.29 million.

A number of analysts have weighed in on the company. B. Riley cut their price target on Iteris from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday. Zacks Investment Research cut Iteris from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. ValuEngine upgraded Iteris from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Finally, Dougherty & Co restated a “buy” rating on shares of Iteris in a research note on Tuesday, September 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $8.06.

In other news, major shareholder Neil S. Subin sold 38,646 shares of Iteris stock in a transaction dated Friday, October 19th. The stock was sold at an average price of $4.30, for a total transaction of $166,177.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Neil S. Subin sold 52,830 shares of Iteris stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $4.42, for a total value of $233,508.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 215,682 shares of company stock worth $913,198. 6.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of ITI. Royce & Associates LP increased its position in shares of Iteris by 58.4% during the second quarter. Royce & Associates LP now owns 1,104,000 shares of the technology company’s stock worth $5,343,000 after purchasing an additional 407,000 shares in the last quarter. Ardsley Advisory Partners increased its position in shares of Iteris by 120.1% during the second quarter. Ardsley Advisory Partners now owns 460,000 shares of the technology company’s stock worth $2,226,000 after purchasing an additional 251,000 shares in the last quarter. BlackRock Inc. increased its position in shares of Iteris by 12.0% during the second quarter. BlackRock Inc. now owns 1,950,422 shares of the technology company’s stock worth $9,440,000 after purchasing an additional 208,926 shares in the last quarter. Private Management Group Inc. acquired a new stake in shares of Iteris during the second quarter worth about $517,000. Finally, Northern Trust Corp grew its holdings in shares of Iteris by 13.0% during the first quarter. Northern Trust Corp now owns 321,393 shares of the technology company’s stock worth $1,595,000 after buying an additional 37,080 shares during the last quarter. Institutional investors and hedge funds own 33.56% of the company’s stock.

Iteris stock opened at $4.69 on Thursday. Iteris has a 1-year low of $3.62 and a 1-year high of $7.88. The firm has a market capitalization of $149.08 million, a price-to-earnings ratio of -117.25 and a beta of 0.21.

Iteris Company Profile

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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