Itron (ITRI) Set to Announce Earnings on Thursday

Itron (NASDAQ:ITRI - Get Free Report) is set to issue 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. Individual that wish to listen to the company's earnings conference call can do so using this link.

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

Itron Stock Down 0.6 %

Shares of ITRI traded down $0.64 during mid-day trading on Thursday, hitting $101.72. 320,279 shares of the company's stock were exchanged, compared to its average volume of 515,999. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 0.91 and a beta of 1.47. The firm has a fifty day moving average of $102.88 and a two-hundred day moving average of $101.92. The company has a quick ratio of 2.61, a current ratio of 3.16 and a debt-to-equity ratio of 0.98. Itron has a twelve month low of $56.11 and a twelve month high of $113.07.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Roth Mkm restated a "buy" rating and set a $125.00 target price on shares of Itron in a report on Wednesday, August 21st. Stephens restated an "equal weight" rating and issued a $110.00 target price on shares of Itron in a report on Monday, August 5th. StockNews.com downgraded Itron from a "strong-buy" rating to a "buy" rating in a report on Friday, June 28th. TD Cowen boosted their price objective on shares of Itron from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, Janney Montgomery Scott assumed coverage on shares of Itron in a research note on Friday, September 27th. They issued 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 given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $119.67.

Insider Activity at Itron

In other Itron news, SVP Donald L. Reeves III sold 4,210 shares of the 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 directly owns 16,269 shares in the company, valued at $1,643,169. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Itron news, SVP Donald L. Reeves III sold 4,210 shares of the business's stock in a transaction dated Thursday, August 22nd. The shares were 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 in the company, valued at $1,643,169. 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 at this hyperlink. Also, CEO Thomas Deitrich sold 887 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $102.15, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,276 shares of company stock valued at $4,515,846 in the last 90 days. 1.45% of the stock is owned by corporate insiders.

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.