What is Seaport Res Ptn's Estimate for Itron Q2 Earnings?

Key Points

• Seaport Res Ptn has raised its Q2 2026 earnings per share estimate for Itron from $1.45 to $1.56, with a full-year consensus estimate set at $5.33.
• Recent analyst ratings for Itron include upgrades and target price increases, with Guggenheim setting a new target of $155.00 and a consensus rating of "Moderate Buy" from analysts.
• Itron's stock performance shows a market capitalization of $5.63 billion and its shares opened at $123.18 on Monday, with a 52-week high of $140.04.

Itron, Inc. (NASDAQ:ITRI - Free Report) - Equities researchers at Seaport Res Ptn lifted their Q2 2026 earnings per share (EPS) estimates for shares of Itron in a research note issued on Thursday, July 31st. Seaport Res Ptn analyst S. Graham now forecasts that the scientific and technical instruments company will post earnings per share of $1.56 for the quarter, up from their previous estimate of $1.45. The consensus estimate for Itron's current full-year earnings is $5.33 per share. Seaport Res Ptn also issued estimates for Itron's FY2026 earnings at $6.43 EPS.

Itron (NASDAQ:ITRI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.29. The firm had revenue of $606.76 million for the quarter, compared to analysts' expectations of $610.36 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The company's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 earnings per share.

A number of other analysts also recently issued reports on ITRI. TD Cowen lifted their price objective on Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. JPMorgan Chase & Co. upgraded Itron from a "neutral" rating to an "overweight" rating and increased their price target for the company from $128.00 to $145.00 in a report on Thursday, July 31st. Johnson Rice lowered shares of Itron from a "buy" rating to an "accumulate" rating in a research note on Friday, August 1st. Stephens set a $130.00 price target on shares of Itron in a research note on Monday. Finally, Guggenheim reissued a "buy" rating and issued a $155.00 price objective (up from $133.00) on shares of Itron in a research report on Monday, July 14th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $136.25.

Itron Price Performance

Shares of Itron stock traded up $1.46 during trading on Monday, reaching $125.25. 886,262 shares of the stock traded hands, compared to its average volume of 599,367. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 0.69 and a beta of 1.35. Itron has a 52-week low of $90.11 and a 52-week high of $140.04. The business has a fifty day simple moving average of $128.91 and a two-hundred day simple moving average of $113.47.

Insider Transactions at Itron

In other Itron news, SVP Christopher E. Ware sold 339 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $114.95, for a total value of $38,968.05. Following the completion of the transaction, the senior vice president directly owned 19,468 shares in the company, valued at approximately $2,237,846.60. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Joan S. Hooper sold 938 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $114.95, for a total transaction of $107,823.10. Following the completion of the sale, the chief financial officer owned 89,364 shares in the company, valued at $10,272,391.80. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,755 shares of company stock worth $1,879,397. Insiders own 1.51% of the company's stock.

Institutional Trading of Itron

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GeoWealth Management LLC raised its stake in Itron by 4,580.0% in the fourth quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock valued at $25,000 after buying an additional 229 shares during the last quarter. Bessemer Group Inc. increased its stake in Itron by 125.7% during the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company's stock valued at $34,000 after purchasing an additional 142 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Itron in the first quarter worth $45,000. REAP Financial Group LLC lifted its stake in shares of Itron by 168.4% during the second quarter. REAP Financial Group LLC now owns 424 shares of the scientific and technical instruments company's stock worth $56,000 after buying an additional 266 shares during the period. Finally, CoreCap Advisors LLC grew its holdings in shares of Itron by 25.5% during the fourth quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock valued at $67,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 96.19% 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.