Seaport Res Ptn Has Bullish 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) - Research analysts at Seaport Res Ptn increased their Q2 2026 earnings per share estimates for shares of Itron in a report issued on Thursday, July 31st. Seaport Res Ptn analyst S. Graham now forecasts that the scientific and technical instruments company will earn $1.56 per share for the quarter, up from their prior forecast 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.

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

Itron Stock Performance

Itron stock traded down $0.52 during mid-day trading on Monday, hitting $124.73. 365,200 shares of the company's stock traded hands, compared to its average volume of 597,714. Itron has a fifty-two week low of $90.11 and a fifty-two week high of $140.04. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 0.68 and a beta of 1.35. The firm has a 50 day simple moving average of $129.15 and a two-hundred day simple moving average of $113.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75.

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

Insider Activity at Itron

In other Itron news, CFO Joan S. Hooper sold 938 shares of Itron stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $114.95, for a total transaction of $107,823.10. Following the completion of the transaction, the chief financial officer owned 89,364 shares in the company, valued at approximately $10,272,391.80. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Justin K. Patrick sold 9,036 shares of Itron stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $121.77, for a total transaction of $1,100,313.72. Following the transaction, the senior vice president directly owned 21,149 shares of the company's stock, valued at approximately $2,575,313.73. This trade represents a 29.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,755 shares of company stock valued at $1,879,397 over the last 90 days. Company insiders own 1.45% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Invesco Ltd. boosted its position in Itron by 2.7% during the first quarter. Invesco Ltd. now owns 2,310,769 shares of the scientific and technical instruments company's stock worth $242,076,000 after purchasing an additional 59,962 shares in the last quarter. Amundi increased its holdings in Itron by 18.4% in the 1st quarter. Amundi now owns 929,407 shares of the scientific and technical instruments company's stock worth $97,313,000 after acquiring an additional 144,361 shares in the last quarter. First Trust Advisors LP boosted its holdings in Itron by 9.1% in the 4th quarter. First Trust Advisors LP now owns 802,584 shares of the scientific and technical instruments company's stock worth $87,145,000 after buying an additional 66,637 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Itron by 129.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 732,274 shares of the scientific and technical instruments company's stock valued at $76,713,000 after acquiring an additional 413,487 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Itron by 11.4% in the fourth quarter. Northern Trust Corp now owns 572,266 shares of the scientific and technical instruments company's stock valued at $62,137,000 after acquiring an additional 58,546 shares in the last quarter. Institutional investors and hedge funds own 96.19% of the company's stock.

Itron Company Profile

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.