Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Itron (ITRI) Stock Price
News headlines about Itron (NASDAQ:ITRI) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Itron earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the scientific and technical instruments company an impact score of 46.817776721106 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
- Market Notes: Watching Shares of Itron Inc (ITRI) – Lockport Press (lockportpress.com)
- Brooks Automation, Inc. (BRKS) noted a price change of -0.11% and Itron, Inc. (ITRI) closes with a move of -0.52% – Stocks Gallery (stocksgallery.com)
- Gabelli Weighs in on Itron, Inc.’s FY2021 Earnings (ITRI) (americanbankingnews.com)
- Itron, Inc. (ITRI) and Alphabet Inc. (GOOGL) Jumps in Investor Choice with Sony Corporation (SNE) – Investing News Update (investingbizz.com)
- ITRON INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC … – Markets Insider (markets.businessinsider.com)
Several equities analysts recently weighed in on ITRI shares. Guggenheim started coverage on shares of Itron in a report on Tuesday, June 20th. They set a “buy” rating and a $81.00 target price on the stock. Zacks Investment Research upgraded shares of Itron from a “sell” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. JMP Securities set a $88.00 target price on shares of Itron and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Canaccord Genuity restated a “buy” rating and set a $78.00 target price on shares of Itron in a report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Itron currently has a consensus rating of “Buy” and an average target price of $80.22.
Itron (NASDAQ ITRI) opened at 76.60 on Friday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 94.80 and a beta of 1.08. The firm has a 50-day moving average of $72.49 and a 200-day moving average of $67.47. Itron has a one year low of $51.55 and a one year high of $77.40.
Itron (NASDAQ:ITRI) last announced its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Itron had a net margin of 1.60% and a return on equity of 15.43%. The company had revenue of $503.10 million for the quarter, compared to analyst estimates of $491.80 million. During the same quarter in the prior year, the business posted $0.65 EPS. Itron’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts anticipate that Itron will post $3.07 EPS for the current year.
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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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