Zacks Research Has Positive Outlook of Itron FY2026 Earnings

Key Points

• Zacks Research has raised its FY2026 earnings per share (EPS) estimate for Itron, Inc. to $6.03, up from the previous $6.01, and maintains a "Strong-Buy" rating on the stock.
• Itron's stock has received positive ratings from multiple analysts, with Guggenheim targeting a price of $155.00, while Roth Capital increased its target to $150.00.
• Insider trading activity included sales of Itron shares by senior vice presidents, with a total of 3,037 shares sold in the past ninety days.

Itron, Inc. (NASDAQ:ITRI - Free Report) - Equities research analysts at Zacks Research boosted their FY2026 EPS estimates for Itron in a report issued on Wednesday, October 15th. Zacks Research analyst Team now forecasts that the scientific and technical instruments company will post earnings of $6.03 per share for the year, up from their previous forecast of $6.01. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Itron's current full-year earnings is $5.33 per share. Zacks Research also issued estimates for Itron's Q4 2026 earnings at $1.53 EPS and Q3 2027 earnings at $1.79 EPS.

A number of other research firms also recently issued reports on ITRI. Guggenheim reissued a "buy" rating and issued a $155.00 price target (up from $133.00) on shares of Itron in a research note on Monday, July 14th. Roth Capital upped their price objective on shares of Itron from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded shares of Itron from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Stephens restated an "equal weight" rating and issued a $130.00 price objective on shares of Itron in a report on Tuesday, October 7th. Finally, TD Cowen upped their price objective on shares of Itron from $139.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Itron has a consensus rating of "Moderate Buy" and an average price target of $137.10.

Itron Price Performance

ITRI stock opened at $133.72 on Thursday. Itron has a 1 year low of $90.11 and a 1 year high of $140.04. The company has a market cap of $6.11 billion, a P/E ratio of 22.86, a PEG ratio of 0.72 and a beta of 1.48. The firm has a 50-day moving average of $123.77 and a 200 day moving average of $120.29. 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 issued its quarterly earnings data on Thursday, July 31st. The scientific and technical instruments company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. Itron had a net margin of 11.05% and a return on equity of 19.69%. The firm had revenue of $606.76 million during the quarter, compared to the consensus estimate of $610.36 million. During the same period in the prior year, the firm posted $1.21 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC grew its position in Itron by 398.8% during the 1st quarter. SG Americas Securities LLC now owns 6,833 shares of the scientific and technical instruments company's stock worth $716,000 after purchasing an additional 5,463 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Itron by 0.7% during the first quarter. Janney Montgomery Scott LLC now owns 16,795 shares of the scientific and technical instruments company's stock worth $1,759,000 after purchasing an additional 121 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Itron during the first quarter valued at about $266,000. Illumine Investment Management LLC grew its holdings in shares of Itron by 3.6% in the first quarter. Illumine Investment Management LLC now owns 7,227 shares of the scientific and technical instruments company's stock valued at $757,000 after purchasing an additional 252 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Itron in the first quarter valued at approximately $320,000. Hedge funds and other institutional investors own 96.19% of the company's stock.

Insider Activity at Itron

In related news, SVP Christopher E. Ware sold 351 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $43,983.81. Following the completion of the transaction, the senior vice president directly owned 19,117 shares of the company's stock, valued at approximately $2,395,551.27. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Donald L. Reeves III sold 547 shares of Itron stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $68,544.57. Following the completion of the transaction, the senior vice president directly owned 19,604 shares of the company's stock, valued at $2,456,577.24. The trade was a 2.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,037 shares of company stock valued at $380,566 in the last ninety days. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.