Itron (ITRI) Set to Announce Earnings on Thursday

Itron (NASDAQ:ITRI) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Itron (NASDAQ:ITRI) last posted its quarterly earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.25. The company had revenue of $609.07 million during the quarter, compared to analysts’ expectations of $599.25 million. Itron had a return on equity of 16.42% and a net margin of 7.98%. Itron’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, analysts expect Itron to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Itron Stock Performance

NASDAQ:ITRI opened at $102.36 on Thursday. The company has a quick ratio of 2.61, a current ratio of 3.16 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $4.70 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47. Itron has a twelve month low of $56.11 and a twelve month high of $113.07. The stock’s 50-day simple moving average is $102.88 and its 200 day simple moving average is $101.92.

Insider Buying and Selling

In other news, SVP Donald L. Reeves III sold 4,210 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total value of $425,210.00. Following the transaction, the senior vice president now directly owns 16,269 shares of the company’s stock, valued at $1,643,169. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Joan S. Hooper sold 509 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $51,994.35. Following the completion of the sale, the chief financial officer now owns 72,338 shares of the company’s stock, valued at $7,389,326.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Donald L. Reeves III sold 4,210 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $101.00, for a total transaction of $425,210.00. Following the transaction, the senior vice president now owns 16,269 shares in the company, valued at $1,643,169. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,276 shares of company stock valued at $4,515,846 over the last quarter. Insiders own 1.45% of the company’s stock.

Analysts Set New Price Targets

ITRI has been the subject of a number of research analyst reports. Roth Mkm reiterated a “buy” rating and set a $125.00 price objective on shares of Itron in a research report on Wednesday, August 21st. TD Cowen increased their price target on Itron from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Stephens restated an “equal weight” rating and set a $110.00 price objective on shares of Itron in a research report on Monday, August 5th. StockNews.com cut Itron from a “strong-buy” rating to a “buy” rating in a report on Friday, June 28th. Finally, Piper Sandler lifted their price target on Itron from $109.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Four equities research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.67.

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.