Itron (ITRI) Scheduled to Post Earnings on Thursday

Itron (NASDAQ:ITRI) will post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Itron to post earnings of $0.85 per share for the quarter. Itron has set its Q1 guidance at $0.80-0.90 EPS and its FY24 guidance at 3.40-3.80 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Monday, February 26th. The scientific and technical instruments company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.75 by $0.48. Itron had a return on equity of 12.27% and a net margin of 4.46%. The business had revenue of $577.17 million for the quarter, compared to analyst estimates of $569.90 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, analysts expect Itron to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Itron Trading Down 0.4 %

Itron stock opened at $94.42 on Thursday. Itron has a 12 month low of $50.60 and a 12 month high of $96.73. The firm has a market cap of $4.33 billion, a PE ratio of 44.96, a P/E/G ratio of 1.01 and a beta of 1.41. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $88.66 and its two-hundred day simple moving average is $75.52.

Wall Street Analyst Weigh In

Several research firms recently commented on ITRI. Oppenheimer raised Itron from a “market perform” rating to an “outperform” rating and set a $81.00 price objective for the company in a research note on Friday, January 19th. TheStreet raised Itron from a “c” rating to a “b-” rating in a research note on Monday, February 26th. Roth Mkm reissued a “buy” rating and issued a $102.00 price objective on shares of Itron in a research note on Tuesday. Canaccord Genuity Group raised Itron from a “hold” rating to a “buy” rating and increased their price objective for the company from $68.00 to $105.00 in a research note on Tuesday, February 27th. Finally, Raymond James downgraded Itron from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Itron has a consensus rating of “Moderate Buy” and an average target price of $97.60.

Insider Activity at Itron

In related news, SVP Donald L. Reeves III sold 383 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total transaction of $28,866.71. Following the sale, the senior vice president now directly owns 8,708 shares in the company, valued at approximately $656,321.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Joan S. Hooper sold 1,560 shares of Itron stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total value of $117,577.20. Following the completion of the transaction, the chief financial officer now owns 60,141 shares in the company, valued at approximately $4,532,827.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Donald L. Reeves III sold 383 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $75.37, for a total value of $28,866.71. Following the transaction, the senior vice president now owns 8,708 shares of the company’s stock, valued at approximately $656,321.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,467 shares of company stock worth $2,752,520. 1.45% of the stock is currently owned by company insiders.

Itron Company Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.