Zacks Research Issues Optimistic Estimate for Itron Earnings

Itron, Inc. (NASDAQ:ITRI - Free Report) - Zacks Research upped their Q2 2025 EPS estimates for Itron in a report issued on Thursday, May 22nd. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will post earnings of $1.27 per share for the quarter, up from their previous forecast of $1.22. The consensus estimate for Itron's current full-year earnings is $5.33 per share. Zacks Research also issued estimates for Itron's FY2025 earnings at $5.36 EPS, Q1 2027 earnings at $1.64 EPS and FY2027 earnings at $6.99 EPS.

Itron (NASDAQ:ITRI - Get Free Report) last issued its earnings results on Thursday, May 1st. The scientific and technical instruments company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.30 by $0.22. Itron had a net margin of 9.37% and a return on equity of 19.03%. The company had revenue of $607.15 million for the quarter, compared to the consensus estimate of $608.86 million. During the same period in the previous year, the firm earned $1.24 earnings per share. The firm's revenue for the quarter was up .6% on a year-over-year basis.

Several other research analysts also recently commented on ITRI. Wall Street Zen raised shares of Itron from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Guggenheim reissued a "buy" rating and set a $133.00 price objective on shares of Itron in a research report on Thursday, April 17th. Piper Sandler reduced their price objective on shares of Itron from $124.00 to $121.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Canaccord Genuity Group boosted their price objective on shares of Itron from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Oppenheimer boosted their price objective on shares of Itron from $124.00 to $131.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Itron has a consensus rating of "Moderate Buy" and a consensus target price of $127.36.

Itron Trading Up 0.3%

Shares of NASDAQ ITRI traded up $0.33 during mid-day trading on Monday, hitting $113.61. The stock had a trading volume of 213,099 shares, compared to its average volume of 574,214. 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 1 year low of $90.11 and a 1 year high of $124.90. The business has a 50 day moving average price of $106.59 and a two-hundred day moving average price of $107.81. The firm has a market cap of $5.18 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31.

Insider Activity

In related news, CFO Joan S. Hooper sold 938 shares of the 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 sale, the chief financial officer now directly owns 89,364 shares of the company's stock, valued at approximately $10,272,391.80. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary C. Hemmingsen sold 5,150 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $108.70, for a total transaction of $559,805.00. Following the sale, the director now directly owns 952 shares in the company, valued at $103,482.40. This trade represents a 84.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,086 shares of company stock worth $897,298. Corporate insiders own 1.51% of the company's stock.

Institutional Trading of Itron

Several institutional investors have recently bought and sold shares of the company. GeoWealth Management LLC raised its holdings in Itron by 4,580.0% in the 4th quarter. GeoWealth Management LLC now owns 234 shares of the scientific and technical instruments company's stock worth $25,000 after acquiring an additional 229 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Itron in the 4th quarter worth approximately $30,000. Wayfinding Financial LLC purchased a new position in Itron in the 1st quarter worth approximately $45,000. Hager Investment Management Services LLC purchased a new position in Itron in the 4th quarter worth approximately $67,000. Finally, CoreCap Advisors LLC raised its holdings in Itron by 25.5% in the 4th quarter. CoreCap Advisors LLC now owns 616 shares of the scientific and technical instruments company's stock worth $67,000 after acquiring an additional 125 shares during the last quarter. 96.19% of the stock is owned by hedge funds and other institutional investors.

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.