Roth Capital Weighs in on Itron's Q4 Earnings (NASDAQ:ITRI)

Itron, Inc. (NASDAQ:ITRI - Free Report) - Equities research analysts at Roth Capital raised their Q4 2024 earnings per share estimates for shares of Itron in a research report issued on Thursday, October 31st. Roth Capital analyst C. Moore now anticipates that the scientific and technical instruments company will earn $1.04 per share for the quarter, up from their previous estimate of $0.98. The consensus estimate for Itron's current full-year earnings is $4.58 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.

Other equities analysts also recently issued research reports about the stock. Oppenheimer upped their price objective on shares of Itron from $120.00 to $124.00 and gave the company an "outperform" rating in a research note on Friday. Piper Sandler upped their target price on Itron from $110.00 to $119.00 and gave the company a "neutral" rating in a research report on Friday. Roth Mkm raised their price target on Itron from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on Itron from $104.00 to $112.00 and gave the company a "neutral" rating in a research note on Tuesday, July 16th. Finally, Janney Montgomery Scott assumed coverage on shares of Itron in a research report on Friday, September 27th. They set a "buy" rating and a $131.00 target price on the stock. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.50.

Itron Stock Up 2.8 %

Shares of NASDAQ ITRI traded up $3.16 during mid-day trading on Monday, reaching $114.97. The company had a trading volume of 980,909 shares, compared to its average volume of 523,235. The firm has a 50 day simple moving average of $103.88 and a two-hundred day simple moving average of $102.73. Itron has a 52-week low of $62.45 and a 52-week high of $116.39. The company has a current ratio of 3.36, a quick ratio of 2.61 and a debt-to-equity ratio of 0.91. The stock has a market cap of $5.17 billion, a P/E ratio of 22.91, a PEG ratio of 0.94 and a beta of 1.46.

Itron (NASDAQ:ITRI - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The scientific and technical instruments company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.13 by $0.71. Itron had a net margin of 9.37% and a return on equity of 19.03%. The company had revenue of $615.46 million for the quarter, compared to analyst estimates of $596.41 million. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis.

Institutional Trading of Itron

Institutional investors have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC lifted its position in shares of Itron by 85.6% during the 2nd quarter. Hexagon Capital Partners LLC now owns 271 shares of the scientific and technical instruments company's stock valued at $27,000 after acquiring an additional 125 shares during the period. Quarry LP raised its holdings in Itron by 53.0% during the second 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 last quarter. Covestor Ltd boosted its position in Itron by 26.1% during the third quarter. Covestor Ltd now owns 536 shares of the scientific and technical instruments company's stock worth $57,000 after purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC grew its holdings in Itron by 46.6% in the second 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 last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Itron by 21.7% in the third quarter. Farther Finance Advisors LLC now owns 724 shares of the scientific and technical instruments company's stock valued at $77,000 after buying an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 96.19% of the company's stock.

Insiders Place Their Bets

In related news, CEO Thomas Deitrich sold 887 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $102.15, for a total transaction of $90,607.05. Following the completion of the transaction, the chief executive officer now directly owns 205,276 shares of the company's stock, valued at $20,968,943.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Thomas Deitrich sold 887 shares of Itron stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $102.15, for a total value of $90,607.05. Following the sale, the chief executive officer now directly owns 205,276 shares in the company, valued at $20,968,943.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 completion of 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. In the last quarter, insiders sold 43,276 shares of company stock worth $4,515,846. 1.45% of the stock is owned by 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.