FY2024 EPS Estimates for Itron, Inc. Reduced by Analyst (NASDAQ:ITRI)

Itron, Inc. (NASDAQ:ITRI) – Equities researchers at Zacks Research reduced their FY2024 EPS estimates for shares of Itron in a research report issued on Tuesday, September 3rd. Zacks Research analyst R. Department now anticipates that the scientific and technical instruments company will earn $4.47 per share for the year, down from their prior forecast of $4.48. The consensus estimate for Itron’s current full-year earnings is $4.59 per share. Zacks Research also issued estimates for Itron’s Q4 2025 earnings at $1.08 EPS and FY2025 earnings at $4.42 EPS.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, August 1st. The scientific and technical instruments company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.25. The firm had revenue of $609.07 million during the quarter, compared to the consensus estimate of $599.25 million. Itron had a net margin of 7.98% and a return on equity of 16.42%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS.

Several other research analysts also recently commented on the stock. StockNews.com downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Friday, June 28th. Roth Mkm reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Itron in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of Itron from $104.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Stephens reiterated an “equal weight” rating and issued a $110.00 target price on shares of Itron in a research note on Monday, August 5th. Finally, Guggenheim upgraded shares of Itron from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.64.

Itron Stock Up 1.2 %

ITRI opened at $98.47 on Friday. The company has a 50 day moving average of $100.50 and a 200 day moving average of $98.16. The company has a market cap of $4.52 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.45. Itron has a 12 month low of $56.11 and a 12 month high of $113.07. The company has a current ratio of 3.16, a quick ratio of 2.61 and a debt-to-equity ratio of 0.98.

Hedge Funds Weigh In On Itron

A number of large investors have recently added to or reduced their stakes in ITRI. Hexagon Capital Partners LLC raised its position in 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 purchasing an additional 125 shares during the period. Contravisory Investment Management Inc. raised its position in Itron by 61.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 344 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 131 shares during the period. Quarry LP raised its position in 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 purchasing an additional 122 shares during the period. GAMMA Investing LLC raised its position in Itron by 32.7% in the 1st quarter. GAMMA Investing LLC now owns 491 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 121 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new position in Itron in the 4th quarter worth $76,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Insider Activity

In other news, SVP Donald L. Reeves III sold 4,210 shares of the firm’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 sale, the senior vice president now owns 16,269 shares in the company, valued at approximately $1,643,169. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Joan S. Hooper sold 509 shares of Itron stock in a transaction on Monday, August 26th. The shares were 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 in the company, valued at approximately $7,389,326.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Donald L. Reeves III sold 4,210 shares of Itron stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $101.00, for a total transaction of $425,210.00. Following the completion of the transaction, the senior vice president now owns 16,269 shares in the company, valued at approximately $1,643,169. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,776 shares of company stock worth $584,721. 1.45% of the stock is currently owned by corporate insiders.

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.