Itron, Inc. (NASDAQ:ITRI) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus for Itron, with eight buy ratings, one strong buy, three holds and one sell. The average 12-month price target is $131.33, well above the reported $93.55 share price.
• Itron reported quarterly EPS of $1.59, beating the $1.29 consensus estimate, while revenue of $562.9 million fell short of estimates and declined 7.2% year over year. The company expects fiscal 2026 EPS of $6.30–$6.50.
• Institutional investors own approximately 96.19% of Itron, while insiders own 1.77%; recent insider stock sales were primarily disclosed as covering tax withholding obligations tied to equity awards.

Shares of Itron, Inc. (NASDAQ:ITRI - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $131.3333.

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Itron in a research note on Wednesday, August 5th. Needham & Company LLC upped their price target on shares of Itron from $116.00 to $128.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Zacks Research upgraded shares of Itron from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 27th. Stephens reiterated an "overweight" rating and set a $130.00 price objective on shares of Itron in a research report on Wednesday, May 20th. Finally, Seaport Research Partners reiterated a "buy" rating and issued a $150.00 price target on shares of Itron in a report on Wednesday, July 29th.

Itron Price Performance

Shares of NASDAQ ITRI opened at $93.55 on Friday. The company has a market cap of $4.10 billion, a PE ratio of 15.62, a P/E/G ratio of 1.12 and a beta of 1.33. The stock has a fifty day moving average price of $94.72 and a 200 day moving average price of $89.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. Itron has a 1-year low of $77.77 and a 1-year high of $142.00.

Itron (NASDAQ:ITRI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.30. The business had revenue of $562.90 million for the quarter, compared to analyst estimates of $566.34 million. Itron had a net margin of 11.90% and a return on equity of 19.26%. The business's revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 earnings per share. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts forecast that Itron will post 6.41 EPS for the current year.

Insider Activity at Itron

In other Itron news, CFO Joan Hooper sold 4,406 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $98.86, for a total transaction of $435,577.16. Following the transaction, the chief financial officer owned 117,113 shares of the company's stock, valued at $11,577,791.18. This trade represents a 3.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald Reeves, III sold 329 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $98.79, for a total value of $32,501.91. Following the completion of the transaction, the senior vice president directly owned 27,945 shares in the company, valued at $2,760,686.55. This trade represents a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 17,903 shares of company stock worth $1,753,521. Company insiders own 1.77% of the company's stock.

Institutional Trading of Itron

Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Itron by 25.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company's stock valued at $53,000 after buying an additional 81 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company's stock valued at $41,000 after buying an additional 101 shares during the last quarter. Impact Partnership Wealth LLC raised its stake in Itron by 4.7% during the first quarter. Impact Partnership Wealth LLC now owns 2,661 shares of the scientific and technical instruments company's stock valued at $239,000 after buying an additional 119 shares in the last quarter. Xponance LLC raised its stake in Itron by 3.2% during the fourth quarter. Xponance LLC now owns 3,877 shares of the scientific and technical instruments company's stock valued at $360,000 after buying an additional 120 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in Itron by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,718 shares of the scientific and technical instruments company's stock worth $624,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

About Itron

Itron, Inc develops technology and services that help utilities manage electricity, natural gas and water resources. Its solutions are designed to improve the measurement, delivery and use of energy and water while supporting operational efficiency, system reliability and sustainability initiatives.

The company's offerings include smart meters, advanced metering infrastructure, communications networks, meter data management software, analytics and utility-focused cloud services. Itron also provides solutions for distributed energy resources, demand response, grid optimization, public lighting and industrial Internet of Things applications.

Founded in 1977, Itron serves electric, gas and water utilities, municipalities and other organizations in North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America.

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