Equities analysts expect that Itron, Inc. (NASDAQ:ITRI) will report sales of $539.90 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Itron’s earnings, with the highest sales estimate coming in at $541.10 million and the lowest estimate coming in at $538.70 million. Itron posted sales of $495.71 million during the same quarter last year, which suggests a positive year over year growth rate of 8.9%. The business is scheduled to announce its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Itron will report full year sales of $539.90 million for the current fiscal year, with estimates ranging from $2.01 billion to $2.02 billion. For the next financial year, analysts expect that the firm will post sales of $2.11 billion per share, with estimates ranging from $2.10 billion to $2.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Itron.

Itron (NASDAQ:ITRI) last released its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.12). Itron had a return on equity of 14.84% and a net margin of 3.42%. The company had revenue of $486.75 million during the quarter, compared to analyst estimates of $526.55 million. During the same period in the prior year, the business posted $0.77 earnings per share. Itron’s revenue was down 4.0% on a year-over-year basis.

Several equities research analysts recently issued reports on the stock. Canaccord Genuity reissued a “hold” rating and issued a $78.00 target price on shares of Itron in a research report on Friday, October 6th. Oppenheimer reissued an “outperform” rating and issued a $78.00 target price (up from $75.00) on shares of Itron in a research report on Friday, August 4th. Zacks Investment Research raised shares of Itron from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Monday, September 11th. Cowen set a $74.00 target price on shares of Itron and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, Argus reissued a “buy” rating and issued a $80.00 target price (up from $78.00) on shares of Itron in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $81.78.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in Itron by 2.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock valued at $109,000 after buying an additional 31 shares during the period. Hanseatic Management Services Inc. raised its holdings in Itron by 0.3% in the second quarter. Hanseatic Management Services Inc. now owns 23,807 shares of the scientific and technical instruments company’s stock valued at $1,613,000 after buying an additional 61 shares during the period. Louisiana State Employees Retirement System raised its holdings in Itron by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the scientific and technical instruments company’s stock valued at $928,000 after buying an additional 100 shares during the period. Systematic Financial Management LP raised its holdings in Itron by 0.5% in the second quarter. Systematic Financial Management LP now owns 26,495 shares of the scientific and technical instruments company’s stock valued at $1,795,000 after buying an additional 120 shares during the period. Finally, Aperio Group LLC raised its holdings in Itron by 0.4% in the second quarter. Aperio Group LLC now owns 32,749 shares of the scientific and technical instruments company’s stock valued at $2,219,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Itron (ITRI) traded down $0.25 on Friday, hitting $65.25. 274,904 shares of the company traded hands, compared to its average volume of 197,214. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26. Itron has a twelve month low of $57.80 and a twelve month high of $79.95. The firm has a market capitalization of $2,540.00, a PE ratio of 24.18, a PEG ratio of 1.05 and a beta of 1.07.

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Itron Company Profile

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

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Earnings History and Estimates for Itron (NASDAQ:ITRI)

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