Itron Stock Price, News & Analysis (NASDAQ:ITRI)

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Itron in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ITRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ITRI, but not buy additional shares or sell existing shares.
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13 brokerages have issued 1-year target prices for Itron's stock. Their ITRI share price targets range from $45.00 to $95.00. On average, they expect the company's stock price to reach $72.45 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price.
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Itron's stock was trading at $50.65 at the start of the year. Since then, ITRI stock has increased by 38.5% and is now trading at $70.13.
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Itron saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,380,000 shares, an increase of 6.2% from the October 31st total of 1,300,000 shares. Based on an average trading volume of 333,100 shares, the days-to-cover ratio is presently 4.1 days. Approximately 3.1% of the shares of the stock are sold short.
View Itron's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our ITRI earnings forecast.

Itron, Inc. (NASDAQ:ITRI) released its quarterly earnings results on Thursday, November, 2nd. The scientific and technical instruments company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.47. The scientific and technical instruments company had revenue of $560.77 million for the quarter, compared to the consensus estimate of $540.78 million. Itron had a trailing twelve-month return on equity of 10.61% and a net margin of 3.62%.

ETFs with the largest weight of Itron (NASDAQ:ITRI) stock in their portfolio include SmartETFs Sustainable Energy II ETF (SOLR), ALPS Clean Energy ETF (ACES), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco S&P SmallCap Information Technology ETF (PSCT) and First Trust Water ETF (FIW).

Itron issued an update on its fourth quarter earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $0.70-0.80 for the period, compared to the consensus estimate of $0.53. The company issued revenue guidance of $565-575 million, compared to the consensus revenue estimate of $549.87 million.

3 employees have rated Itron Chief Executive Officer Tom Deitrich on Glassdoor.com. Tom Deitrich has an approval rating of 100% among the company's employees. This puts Tom Deitrich in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Itron investors own include NVIDIA (NVDA), Micron Technology (MU), AbbVie (ABBV), Advanced Micro Devices (AMD), Applied Materials (AMAT), QUALCOMM (QCOM), Xilinx (XLNX), Intel (INTC), AT&T (T) and Tesla (TSLA).

Itron's stock is owned by a number of retail and institutional investors. Top institutional investors include Invesco Ltd. (2.79%), Robeco Schweiz AG (1.77%), Schroder Investment Management Group (1.63%), Vontobel Holding Ltd. (1.53%), Guinness Asset Management LTD (1.40%) and Northern Trust Corp (1.18%). Insiders that own company stock include Christopher E Ware, Donald L Reeves III, Joan S Hooper, John F Marcolini, John F Marcolini, Lynda L Ziegler, Michel Cadieux, Sarah E Hlavinka, Thomas Deitrich and Thomas S Glanville.
View institutional ownership trends.

Shares of ITRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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