Wall Street analysts expect Itron, Inc. (NASDAQ:ITRI) to announce earnings of $0.68 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Itron’s earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.65. Itron posted earnings per share of $1.01 in the same quarter last year, which would indicate a negative year-over-year growth rate of 32.7%. The company is scheduled to issue its next earnings report on Wednesday, February 27th.

On average, analysts expect that Itron will report full-year earnings of $2.46 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.53. For the next fiscal year, analysts anticipate that the company will post earnings of $3.38 per share, with EPS estimates ranging from $3.05 to $3.80. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Itron.

Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Monday, November 5th. The scientific and technical instruments company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.89 by $0.24. Itron had a negative net margin of 5.19% and a positive return on equity of 15.20%. The firm had revenue of $595.96 million during the quarter, compared to analyst estimates of $604.98 million. During the same quarter in the prior year, the business posted $0.77 earnings per share. Itron’s revenue for the quarter was up 22.4% compared to the same quarter last year.

A number of analysts have weighed in on ITRI shares. Zacks Investment Research raised shares of Itron from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Argus raised shares of Itron from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Wednesday, August 22nd. BidaskClub raised shares of Itron from a “strong sell” rating to a “sell” rating in a research note on Friday, August 24th. ValuEngine lowered shares of Itron from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, JMP Securities set a $80.00 target price on shares of Itron and gave the stock a “buy” rating in a report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $76.70.

Shares of ITRI stock traded down $0.84 on Friday, hitting $52.33. The stock had a trading volume of 6,285 shares, compared to its average volume of 221,138. The company has a market capitalization of $2.06 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 0.85 and a beta of 1.12. The company has a current ratio of 1.41, a quick ratio of 1.07 and a debt-to-equity ratio of 1.41. Itron has a 52-week low of $49.59 and a 52-week high of $77.40.

In other news, Director Gary E. Pruitt purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were bought at an average price of $52.73 per share, with a total value of $527,300.00. Following the completion of the transaction, the director now directly owns 31,305 shares in the company, valued at approximately $1,650,712.65. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Scopia Capital Management Lp sold 4,153 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $56.07, for a total transaction of $232,858.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 155,234 shares of company stock worth $8,260,258. Insiders own 2.03% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of ITRI. US Bancorp DE raised its holdings in Itron by 12.7% during the 2nd quarter. US Bancorp DE now owns 8,010 shares of the scientific and technical instruments company’s stock worth $481,000 after purchasing an additional 904 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in Itron by 21.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 5,125 shares of the scientific and technical instruments company’s stock worth $308,000 after purchasing an additional 909 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in Itron by 3.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 33,774 shares of the scientific and technical instruments company’s stock worth $2,028,000 after purchasing an additional 983 shares during the last quarter. Credit Agricole S A raised its holdings in Itron by 3.9% during the 2nd quarter. Credit Agricole S A now owns 47,737 shares of the scientific and technical instruments company’s stock worth $2,866,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Ramsey Quantitative Systems raised its holdings in Itron by 43.4% during the 3rd quarter. Ramsey Quantitative Systems now owns 6,162 shares of the scientific and technical instruments company’s stock worth $396,000 after purchasing an additional 1,866 shares during the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

Itron Company Profile

Itron, Inc, a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.

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Earnings History and Estimates for Itron (NASDAQ:ITRI)

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