Roth Capital Comments on Itron’s Q4 Earnings (NASDAQ:ITRI)

Itron, Inc. (NASDAQ:ITRI) – Investment analysts at Roth Capital upped their Q4 2024 earnings per share estimates for Itron in a note issued to investors on Thursday, October 31st. Roth Capital analyst C. Moore now anticipates that the scientific and technical instruments company will post earnings per share of $1.04 for the quarter, up from their prior forecast of $0.98. The consensus estimate for Itron’s current full-year earnings is $5.33 per share. Roth Capital also issued estimates for Itron’s Q1 2025 earnings at $1.09 EPS, Q2 2025 earnings at $1.11 EPS, Q3 2025 earnings at $1.32 EPS, Q4 2025 earnings at $1.32 EPS, FY2025 earnings at $4.84 EPS and FY2026 earnings at $5.45 EPS.

Several other equities analysts also recently commented on ITRI. Piper Sandler upped their price objective on shares of Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Oppenheimer upped their target price on Itron from $120.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Stephens reiterated an “equal weight” rating and issued a $110.00 price objective on shares of Itron in a research note on Monday, August 5th. Roth Mkm boosted their price target on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BNP Paribas assumed coverage on Itron in a research note on Thursday, September 5th. They set an “outperform” rating and a $133.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.50.

Itron Stock Performance

Shares of ITRI stock opened at $117.68 on Monday. Itron has a one year low of $62.45 and a one year high of $118.50. The stock has a market cap of $5.31 billion, a P/E ratio of 24.11, a P/E/G ratio of 0.81 and a beta of 1.46. The company has a fifty day moving average price of $104.46 and a two-hundred day moving average price of $103.10. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.36 and a quick ratio of 2.83.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.71. The company had revenue of $615.46 million during the quarter, compared to the consensus estimate of $596.41 million. Itron had a net margin of 9.37% and a return on equity of 19.03%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share.

Insider Buying and Selling at Itron

In other news, CFO Joan S. Hooper sold 509 shares of Itron stock in a transaction dated 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 transaction, the chief financial officer now directly owns 72,338 shares in the company, valued at $7,389,326.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Thomas Deitrich sold 37,500 shares of Itron stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $104.83, for a total value of $3,931,125.00. Following the sale, the chief executive officer now owns 205,276 shares of the company’s stock, valued at approximately $21,519,083.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joan S. Hooper sold 509 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $102.15, for a total value of $51,994.35. Following the transaction, the chief financial officer now owns 72,338 shares of the company’s stock, valued at $7,389,326.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,276 shares of company stock valued at $4,515,846. Company insiders own 1.45% of the company’s stock.

Institutional Trading of Itron

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hexagon Capital Partners LLC lifted its holdings in shares of Itron by 85.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 125 shares during the last quarter. Quarry LP grew its position in shares of Itron by 53.0% in the 2nd quarter. Quarry LP now owns 352 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 122 shares during the last quarter. Covestor Ltd boosted its holdings in Itron by 26.1% in the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company’s stock valued at $57,000 after acquiring an additional 111 shares in the last quarter. GAMMA Investing LLC increased its position in Itron by 46.6% during the 2nd quarter. GAMMA Investing LLC now owns 720 shares of the scientific and technical instruments company’s stock valued at $71,000 after purchasing an additional 229 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Itron by 21.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company’s stock worth $77,000 after purchasing an additional 129 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.

About Itron

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.