Zacks Research Has Bullish Outlook for Itron FY2025 Earnings

Itron, Inc. (NASDAQ:ITRI - Free Report) - Stock analysts at Zacks Research upped their FY2025 earnings per share estimates for Itron in a research note issued on Monday, March 17th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will post earnings of $5.20 per share for the year, up from their prior estimate of $4.43. The consensus estimate for Itron's current full-year earnings is $5.33 per share. Zacks Research also issued estimates for Itron's Q4 2025 earnings at $1.36 EPS, Q1 2026 earnings at $1.43 EPS and FY2026 earnings at $5.88 EPS.

A number of other research firms also recently weighed in on ITRI. Guggenheim decreased their price target on shares of Itron from $135.00 to $133.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Canaccord Genuity Group boosted their target price on shares of Itron from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Piper Sandler increased their price target on shares of Itron from $119.00 to $124.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. StockNews.com downgraded Itron from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 1st. Finally, Oppenheimer increased their price objective on shares of Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $127.64.

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Itron Stock Up 2.6 %

NASDAQ ITRI traded up $2.80 during mid-day trading on Thursday, reaching $108.56. 467,713 shares of the company's stock traded hands, compared to its average volume of 527,571. The company has a fifty day simple moving average of $104.11 and a 200-day simple moving average of $107.77. Itron has a 1-year low of $87.91 and a 1-year high of $124.90. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 0.81 and a beta of 1.49. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91.

Insider Activity at Itron

In other news, Director Mary C. Hemmingsen sold 750 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $107.27, for a total transaction of $80,452.50. Following the sale, the director now directly owns 5,630 shares of the company's stock, valued at $603,930.10. The trade was a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Christopher E. Ware sold 648 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.90, for a total value of $60,199.20. Following the completion of the transaction, the senior vice president now owns 20,326 shares of the company's stock, valued at $1,888,285.40. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,037 shares of company stock valued at $385,815 over the last ninety days. Insiders own 1.45% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ITRI. Quest Partners LLC boosted its stake in Itron by 35.9% in the 3rd quarter. Quest Partners LLC now owns 9,386 shares of the scientific and technical instruments company's stock worth $1,003,000 after purchasing an additional 2,481 shares during the period. Jennison Associates LLC lifted its holdings in shares of Itron by 5.2% in the third quarter. Jennison Associates LLC now owns 13,650 shares of the scientific and technical instruments company's stock valued at $1,458,000 after purchasing an additional 673 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Itron by 67.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,742 shares of the scientific and technical instruments company's stock worth $4,352,000 after buying an additional 16,447 shares during the period. Intech Investment Management LLC grew its holdings in shares of Itron by 105.9% during the third quarter. Intech Investment Management LLC now owns 19,444 shares of the scientific and technical instruments company's stock valued at $2,077,000 after buying an additional 10,001 shares in the last quarter. Finally, Banco Santander S.A. raised its position in Itron by 4,133.3% during the third quarter. Banco Santander S.A. now owns 190,500 shares of the scientific and technical instruments company's stock valued at $20,347,000 after buying an additional 186,000 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

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.