Itron, Inc. (NASDAQ:ITRI – Get Rating) CEO Thomas Deitrich sold 2,605 shares of Itron stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $47.66, for a total value of $124,154.30. Following the completion of the sale, the chief executive officer now directly owns 146,997 shares of the company’s stock, valued at $7,005,877.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Itron Price Performance
Shares of NASDAQ ITRI opened at $45.25 on Friday. Itron, Inc. has a fifty-two week low of $43.18 and a fifty-two week high of $81.36. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -21.14 and a beta of 1.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.26 and a current ratio of 1.64. The firm’s 50-day simple moving average is $51.02 and its 200 day simple moving average is $50.00.
Itron (NASDAQ:ITRI – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). Itron had a negative net margin of 5.15% and a positive return on equity of 4.45%. The business had revenue of $431.88 million during the quarter, compared to the consensus estimate of $488.53 million. During the same period in the previous year, the business posted $0.28 EPS. Itron’s revenue was down 11.8% compared to the same quarter last year. As a group, research analysts anticipate that Itron, Inc. will post 0.77 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
ITRI has been the topic of a number of recent research reports. Cowen lowered their target price on Itron to $68.00 in a research report on Tuesday, August 9th. Morgan Stanley cut their price target on Itron from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, June 9th. Piper Sandler cut their target price on Itron from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, July 19th. Stephens downgraded shares of Itron from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $65.00 to $55.00 in a report on Friday, August 5th. Finally, StockNews.com downgraded Itron from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.13.
Itron Company Profile
Itron, Inc, a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.
- Get a free copy of the StockNews.com research report on Itron (ITRI)
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