Itron, Inc. (NASDAQ:ITRI) Forecasted to Post Q4 2024 Earnings of $1.11 Per Share

Itron, Inc. (NASDAQ:ITRI - Free Report) - Equities research analysts at Seaport Res Ptn upped their Q4 2024 earnings estimates for shares of Itron in a research note issued to investors on Wednesday, April 10th. Seaport Res Ptn analyst S. Graham now forecasts that the scientific and technical instruments company will earn $1.11 per share for the quarter, up from their previous forecast of $1.09. The consensus estimate for Itron's current full-year earnings is $3.61 per share. Seaport Res Ptn also issued estimates for Itron's Q4 2025 earnings at $1.29 EPS and FY2025 earnings at $4.44 EPS.

Other analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Itron from a "c" rating to a "b-" rating in a research report on Monday, February 26th. Canaccord Genuity Group upgraded shares of Itron from a "hold" rating to a "buy" rating and raised their price objective for the company from $68.00 to $105.00 in a research report on Tuesday, February 27th. Piper Sandler lowered their price objective on shares of Itron from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Thursday. TD Cowen raised their price objective on shares of Itron from $107.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, March 13th. Finally, Canaccord Genuity Group upgraded shares of Itron from a "hold" rating to a "buy" rating and raised their price objective for the company from $68.00 to $105.00 in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.60.

Itron Price Performance

NASDAQ ITRI traded up $1.71 on Thursday, hitting $92.20. The stock had a trading volume of 349,887 shares, compared to its average volume of 408,201. Itron has a 52-week low of $50.60 and a 52-week high of $96.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 1.95. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 43.90, a price-to-earnings-growth ratio of 1.02 and a beta of 1.41. The firm has a 50-day moving average of $85.91 and a 200-day moving average of $73.52.

Itron (NASDAQ:ITRI - Get Free Report) last posted its earnings results on Monday, February 26th. The scientific and technical instruments company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.48. Itron had a net margin of 4.46% and a return on equity of 12.27%. The business had revenue of $577.17 million for the quarter, compared to analysts' expectations of $569.90 million. During the same period in the prior year, the company posted $0.71 EPS. The business's revenue for the quarter was up 23.5% compared to the same quarter last year.

Institutional Investors Weigh In On Itron

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Itron by 32.7% in the 1st quarter. GAMMA Investing LLC now owns 491 shares of the scientific and technical instruments company's stock worth $45,000 after purchasing an additional 121 shares during the period. Contravisory Investment Management Inc. lifted its position in shares of 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. Natixis Advisors L.P. lifted its position in shares of Itron by 0.4% in the 4th quarter. Natixis Advisors L.P. now owns 31,458 shares of the scientific and technical instruments company's stock worth $2,375,000 after purchasing an additional 139 shares during the period. LPL Financial LLC lifted its position in shares of Itron by 1.4% in the 1st quarter. LPL Financial LLC now owns 12,430 shares of the scientific and technical instruments company's stock worth $689,000 after purchasing an additional 175 shares during the period. Finally, Arizona State Retirement System lifted its position in Itron by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 12,933 shares of the scientific and technical instruments company's stock valued at $783,000 after acquiring an additional 180 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Itron

In other Itron news, Director Jerome J. Lande sold 14,896 shares of the firm's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $95.25, for a total value of $1,418,844.00. Following the sale, the director now owns 5,750 shares of the company's stock, valued at approximately $547,687.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Itron news, SVP Donald L. Reeves III sold 383 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $75.37, for a total value of $28,866.71. Following the sale, the senior vice president now owns 8,708 shares of the company's stock, valued at approximately $656,321.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jerome J. Lande sold 14,896 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $95.25, for a total transaction of $1,418,844.00. Following the completion of the sale, the director now directly owns 5,750 shares in the company, valued at approximately $547,687.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,467 shares of company stock valued at $2,752,520. 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.