Itron, Inc., a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules. The company also provides prepayment systems, including smart key, keypad, and smart card communication technologies; smart systems, such as handheld, mobile, and fixed network collection technologies; smart network technologies; meter data management software; and knowledge application solutions. In addition, it offers installation and software implementation; professional services comprising consulting and analysis; and project management, installation, and post-sale maintenance support services. The company offers its standard metering systems to measure electricity, natural gas, water, or thermal energy; smart metering systems to collect, store, and transmit meter data to handheld computers, mobile units, telephone, radio frequency, cellular, power line carrier, and fixed networks. Itron, Inc. markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives to utilities and municipalities. The company was founded in 1977 and is headquartered in Liberty Lake, Washington.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Instruments to measure electricity
Sub-IndustryElectronic Equipment & Instruments
SectorComputer and Technology
Current SymbolNASDAQ:ITRI
Previous Symbol
CUSIP46574110
Phone509-924-9900
Debt
Debt-to-Equity Ratio1.41
Current Ratio1.41
Quick Ratio1.07
Price-To-Earnings
Trailing P/E Ratio17.02
Forward P/E Ratio21.17
P/E Growth0.85
Sales & Book Value
Annual Sales$2.02 billion
Price / Sales1.02
Cash Flow$4.7771 per share
Price / Cash Flow10.90
Book Value$20.80 per share
Price / Book2.50
Profitability
EPS (Most Recent Fiscal Year)$3.06
Net Income$57.29 million
Net Margins-5.19%
Return on Equity15.20%
Return on Assets4.38%
Miscellaneous
Employees7,800
Outstanding Shares39,420,000
Market Cap$2.05 billion
OptionableOptionable
Itron (NASDAQ:ITRI) Frequently Asked Questions
What is Itron's stock symbol?
Itron trades on the NASDAQ under the ticker symbol "ITRI."
How will Itron's stock buyback program work?
Itron announced that its board has authorized a share repurchase program on Wednesday, April 12th 2017, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 22% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
How were Itron's earnings last quarter?
Itron, Inc. (NASDAQ:ITRI) announced its quarterly earnings data on Monday, November, 5th. The scientific and technical instruments company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.24. The scientific and technical instruments company earned $595.96 million during the quarter, compared to analyst estimates of $604.98 million. Itron had a positive return on equity of 15.20% and a negative net margin of 5.19%. The business's quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. View Itron's Earnings History.
When is Itron's next earnings date?
What guidance has Itron issued on next quarter's earnings?
Itron issued an update on its FY18 earnings guidance on Monday, November, 5th. The company provided EPS guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.81. The company issued revenue guidance of $2.44 billion, compared to the consensus revenue estimate of prior $2.75-2.90.Itron also updated its FY 2018 guidance to $2.40-2.50 EPS.
What price target have analysts set for ITRI?
10 equities research analysts have issued 1 year target prices for Itron's stock. Their predictions range from $68.00 to $84.00. On average, they expect Itron's share price to reach $77.1111 in the next year. This suggests a possible upside of 48.1% from the stock's current price. View Analyst Price Targets for Itron.
What is the consensus analysts' recommendation for Itron?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Itron in the last year. There are currently 3 hold ratings, 5 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Itron.
What are Wall Street analysts saying about Itron stock?
Here are some recent quotes from research analysts about Itron stock:
- 1. According to Zacks Investment Research, "Itron continues to benefit from growing customer demand, owing to its robust product portfolio. Further, contributions from Riva projects and Silver Spring Networks remain positive for the company’s top-line growth. Additionally, the company’s strong position in North America’s water communication space will continue to aid its business growth. Estimates have been stable lately ahead of the company’s Q3 earnings release. The company has positive record of earnings surprises in recent quarters. However, inefficiencies related to global supply chain and elevated costs related to this are major concerns as it poses risk to margin expansion. Moreover, shares of Itron have underperformed the industry it belongs to on a year-to-date basis." (11/13/2018)
- 2. Canaccord Genuity analysts commented, "With integration of a major competitor (Silver Spring Networks) now underway, we find conditions in place (conservative synergy assumptions, combined competitive positioning, attractive valuation, etc.) to once again become constructive on Itron. Investment highlights We recently hosted European investor meetings with CFO Joan Hooper and VP of Investor Relations Barbara Doyle. In sum, we come away with increased confidence in underlying demand trends, current integration/restructuring efforts, and the prospects for out-year earnings acceleration (i.e. towards $5+ in ’20 without aggressive assumptions). We reiterate our BUY rating." (6/6/2018)
Has Itron been receiving favorable news coverage?
News stories about ITRI stock have trended very positive on Monday, according to InfoTrie. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Itron earned a daily sentiment score of 3.9 on InfoTrie's scale. They also assigned news headlines about the scientific and technical instruments company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days.
Who are some of Itron's key competitors?
Some companies that are related to Itron include Teradyne (TER), Cohu (COHU), Allied Motion Technologies (AMOT), Exfo (EXFO), Transcat (TRNS), Frequency Electronics (FEIM), Data I/O (DAIO), Aehr Test Systems (AEHR), Giga-tronics (GIGA), Reliability (RLBY), Analogic (ALOG) and LTX-Credence (XCRA).
Who are Itron's key executives?
Itron's management team includes the folowing people:
- Mr. Philip C. Mezey, Pres, CEO & Director (Age 58)
- Ms. Joan S. Hooper, Sr. VP & CFO (Age 60)
- Mr. Thomas L. Deitrich, Exec. VP & COO (Age 51)
- Mr. Michel Charles Cadieux, Sr. VP of HR (Age 61)
- Mr. Robert Farrow, VP of Treasury & Strategic Planning (Age 60)
Who are Itron's major shareholders?
Itron's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Scopia Capital Management LP (13.70%), BlackRock Inc. (13.02%), Vanguard Group Inc. (8.64%), Dimensional Fund Advisors LP (2.54%), Bank of New York Mellon Corp (2.09%) and Frontier Capital Management Co. LLC (2.05%). Company insiders that own Itron stock include Gary E Pruitt, Lynda L Ziegler, Philip Mezey, Scopia Capital Management Lp, Shannon M Votava, Thomas Deitrich and Thomas S Glanville. View Institutional Ownership Trends for Itron.
Which major investors are selling Itron stock?
ITRI stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Renaissance Technologies LLC, Fairpointe Capital LLC, First Trust Advisors LP, Scopia Capital Management LP, TIAA CREF Investment Management LLC, Robecosam AG and Deutsche Bank AG. Company insiders that have sold Itron company stock in the last year include Lynda L Ziegler, Philip Mezey, Scopia Capital Management Lp, Shannon M Votava, Thomas Deitrich and Thomas S Glanville. View Insider Buying and Selling for Itron.
Which major investors are buying Itron stock?
ITRI stock was acquired by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Penn Capital Management Co. Inc., Vanguard Group Inc., Daiwa SB Investments Ltd., BlackRock Inc., Mutual of America Capital Management LLC, Aristotle Capital Boston LLC and SG Americas Securities LLC. Company insiders that have bought Itron stock in the last two years include Gary E Pruitt and Scopia Capital Management Lp. View Insider Buying and Selling for Itron.
How do I buy shares of Itron?
Shares of ITRI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Itron's stock price today?
One share of ITRI stock can currently be purchased for approximately $52.07.
How big of a company is Itron?
Itron has a market capitalization of $2.05 billion and generates $2.02 billion in revenue each year. The scientific and technical instruments company earns $57.29 million in net income (profit) each year or $3.06 on an earnings per share basis. Itron employs 7,800 workers across the globe.
What is Itron's official website?
How can I contact Itron?
Itron's mailing address is 2111 N MOLTER ROAD, LIBERTY LAKE WA, 99019. The scientific and technical instruments company can be reached via phone at 509-924-9900 or via email at [email protected]
MarketBeat Community Rating for Itron (NASDAQ ITRI)
MarketBeat's community ratings are surveys of what our community members think about Itron and other stocks. Vote "Outperform" if you believe ITRI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ITRI will underperform the S&P 500 over the long term. You may vote once every thirty days.
