Itron (ITRI) Expected to Announce Earnings on Thursday

Itron (NASDAQ:ITRI - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $1.30 per share and revenue of $608.86 million for the quarter.

Itron Price Performance

Shares of ITRI traded up $1.78 during trading hours on Tuesday, hitting $110.88. 417,365 shares of the stock were exchanged, compared to its average volume of 573,666. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.83 and a current ratio of 3.36. Itron has a 12-month low of $90.03 and a 12-month high of $124.90. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 0.81 and a beta of 1.39. The stock's 50-day moving average price is $103.59 and its two-hundred day moving average price is $107.47.

Insiders Place Their Bets

In other Itron news, SVP Christopher E. Ware sold 648 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.90, for a total transaction of $60,199.20. Following the sale, the senior vice president now owns 20,326 shares of the company's stock, valued at approximately $1,888,285.40. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO David Marshall Wright sold 317 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.90, for a total transaction of $29,449.30. Following the sale, the chief accounting officer now owns 8,108 shares of the company's stock, valued at $753,233.20. This represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,037 shares of company stock worth $385,815 in the last quarter. 1.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Guggenheim reissued a "buy" rating and set a $133.00 price objective on shares of Itron in a research note on Thursday, April 17th. Oppenheimer boosted their price objective on Itron from $124.00 to $131.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. StockNews.com lowered Itron from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st. Canaccord Genuity Group upped their price target on Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Finally, Piper Sandler upped their price target on Itron from $119.00 to $124.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.64.

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.