Equities Analysts Issue Forecasts for Itron, Inc.’s FY2025 Earnings (NASDAQ:ITRI)

Itron, Inc. (NASDAQ:ITRI) – Equities research analysts at Seaport Res Ptn boosted their FY2025 earnings per share estimates for shares of Itron in a research note issued on Thursday, May 2nd. Seaport Res Ptn analyst S. Graham now anticipates that the scientific and technical instruments company will earn $4.70 per share for the year, up from their previous forecast of $4.44. The consensus estimate for Itron’s current full-year earnings is $3.68 per share.

Itron (NASDAQ:ITRI) last released its earnings results on Thursday, May 2nd. The scientific and technical instruments company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.39. The firm had revenue of $603.44 million for the quarter, compared to analysts’ expectations of $579.49 million. Itron had a return on equity of 14.51% and a net margin of 7.03%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share.

A number of other research firms have also recently commented on ITRI. TD Cowen increased their price target on shares of Itron from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler reissued an “overweight” rating and issued a $109.00 target price (up previously from $103.00) on shares of Itron in a report on Friday. Canaccord Genuity Group raised Itron from a “hold” rating to a “buy” rating and upped their price target for the company from $68.00 to $105.00 in a report on Tuesday, February 27th. JPMorgan Chase & Co. lifted their price objective on Itron from $77.00 to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, TheStreet upgraded shares of Itron from a “c” rating to a “b-” rating in a research note on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and an average target price of $103.60.

Itron Stock Up 7.2 %

NASDAQ:ITRI opened at $107.01 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.43 and a current ratio of 1.90. The firm has a market cap of $4.91 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.19 and a beta of 1.38. Itron has a fifty-two week low of $56.11 and a fifty-two week high of $107.11. The firm has a 50-day simple moving average of $91.94 and a two-hundred day simple moving average of $77.64.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ITRI. GAMMA Investing LLC purchased a new position in shares of Itron in the fourth quarter valued at about $27,000. Contravisory Investment Management Inc. boosted its stake 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. Covestor Ltd raised its position in shares of Itron by 9,150.0% during the third quarter. Covestor Ltd now owns 555 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 549 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Itron during the fourth quarter valued at approximately $50,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Itron during the fourth quarter worth $76,000. Institutional investors own 96.19% of the company’s stock.

Insider Activity

In related news, SVP Donald L. Reeves III sold 383 shares of Itron stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total transaction of $28,866.71. Following the transaction, the senior vice president now directly owns 8,708 shares in the company, valued at $656,321.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Donald L. Reeves III sold 383 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total value of $28,866.71. Following the transaction, the senior vice president now owns 8,708 shares of the company’s stock, valued at $656,321.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Deitrich sold 1,912 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $75.37, for a total value of $144,107.44. Following the transaction, the chief executive officer now owns 169,073 shares of the company’s stock, valued at $12,743,032.01. The disclosure for this sale can be found here. Insiders sold a total of 30,467 shares of company stock valued at $2,752,520 in the last 90 days. Company insiders own 1.45% of the company’s stock.

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.