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

Key Points

• Analyst sentiment is moderately bullish: Eight of 13 analysts rate Itron a buy, four recommend holding, and one rates it a sell. The average 12-month price target is $131.33 versus the reported share price of $100.61.
• Itron exceeded quarterly earnings expectations with EPS of $1.59 versus the $1.29 consensus, although revenue of $562.9 million fell short of estimates and declined 7.2% year over year. Analysts expect full-year 2026 EPS of approximately $6.43, in line with company guidance of $6.30–$6.50.
• Institutional ownership remains high at 96.19%, with several investors initiating positions during the second quarter. Recent insider stock sales totaled 3,822 shares worth about $314,303, primarily to cover tax obligations tied to equity awards.

Itron, Inc. (NASDAQ:ITRI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $131.3333.

Several research firms recently weighed in on ITRI. Roth Capital reissued a "buy" rating and set a $136.00 price objective on shares of Itron in a report on Wednesday, April 29th. Raymond James Financial started coverage on Itron in a report on Tuesday, April 21st. They issued an "underperform" rating for the company. Needham & Company LLC increased their target price on Itron from $116.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Itron in a research note on Wednesday, August 5th. Finally, TD Cowen reduced their price target on Itron from $145.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th.

Itron Price Performance

ITRI stock opened at $100.61 on Tuesday. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 0.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29. The company has a 50 day simple moving average of $89.11 and a 200 day simple moving average of $90.14. 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 earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.30. The firm 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 company's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last 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. Research analysts anticipate that Itron will post 6.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Itron news, SVP Donald L. Reeves III sold 319 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the sale, the senior vice president directly owned 29,100 shares of the company's stock, valued at $2,455,167. The trade was a 1.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP John F. Marcolini sold 322 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $27,167.14. Following the completion of the transaction, the senior vice president owned 24,689 shares of the company's stock, valued at approximately $2,083,010.93. This trade represents a 1.29% 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. Insiders have sold a total of 3,822 shares of company stock worth $314,303 in the last ninety days. Company insiders own 1.77% of the company's stock.

Institutional Trading of Itron

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in Itron in the second quarter valued at $48,000. PenderFund Capital Management Ltd. bought a new position in Itron during the 2nd quarter worth $35,000. Bank of America Corp DE acquired a new position in Itron during the 2nd quarter worth about $20,220,000. Caisse de depot et placement du Quebec bought a new stake in shares of Itron in the 2nd quarter valued at about $1,506,000. Finally, Jupiter Topco LLC bought a new stake in shares of Itron in the 2nd quarter valued at about $42,466,000. Institutional investors own 96.19% of the company's stock.

Itron Company Profile

Itron, Inc NASDAQ: ITRI is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company's offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron's product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.

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