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
SymbolNASDAQ:ITRI
CUSIP46574110
Phone509-924-9900
Debt
Debt-to-Equity Ratio1.61
Current Ratio1.51
Quick Ratio1.18
Price-To-Earnings
Trailing P/E Ratio20.41
Forward P/E Ratio22.38
P/E Growth1.05
Sales & Book Value
Annual Sales$2.02 billion
Price / Sales1.22
Cash Flow$4.8336 per share
Price / Cash12.92
Book Value$20.80 per share
Price / Book3.00
Profitability
EPS (Most Recent Fiscal Year)$3.06
Net Income$57.29 million
Net Margins-5.18%
Return on Equity12.86%
Return on Assets4.12%
Miscellaneous
Employees7,800
Outstanding Shares39,300,000
Market Cap$2.42 billion
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 declared that its Board of Directors has initiated a share repurchase plan on Wednesday, April 12th 2017, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 22% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.
How were Itron's earnings last quarter?
Itron, Inc. (NASDAQ:ITRI) posted its quarterly earnings data on Monday, August, 6th. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.02. The scientific and technical instruments company earned $585.89 million during the quarter, compared to the consensus estimate of $592.12 million. Itron had a positive return on equity of 12.86% and a negative net margin of 5.18%. The business's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 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, August, 6th. The company provided EPS guidance of $2.75-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.97. The company issued revenue guidance of $2.425-2.475 billion, compared to the consensus revenue estimate of $2.42 billion.
What price target have analysts set for ITRI?
11 analysts have issued 1 year target prices for Itron's shares. Their forecasts range from $68.00 to $108.00. On average, they anticipate Itron's share price to reach $81.70 in the next year. This suggests a possible upside of 30.8% from the stock's current price. View Analyst Price Targets for Itron.
What is the consensus analysts' recommendation for Itron?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Itron in the last year. There are currently 3 hold ratings, 6 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 reported mixed second quarter results wherein revenues improved but earnings were down year over year. The company witnessed strong bookings and improvement in its backlogs. Itron continued to benefit from growing customer demand, owing to its robust product portfolio. Further, positive contributions from Riva projects drove the top-line growth. Nevertheless, strong position in North America’s water communication space remained positive throughout the quarter. Additionally, buyout of Silver Spring Networks contributed well to the network segment’s growth, which remains a significant growth factor for the company. 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 over a year." (8/9/2018)
- 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)
Who are some of Itron's key competitors?
Some companies that are related to Itron include Teradyne (TER), Analogic (ALOG), LTX-Credence Co. common stock (XCRA), Cohu (COHU), Allied Motion Technologies (AMOT), Exfo (EXFO), Transcat (TRNS), Frequency Electronics (FEIM), Aehr Test Systems (AEHR), Data I/O (DAIO), Giga-tronics (GIGA) and Reliability (RLBY).
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)
Has Itron been receiving favorable news coverage?
News coverage about ITRI stock has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Itron earned a daily sentiment score of 0.20 on Accern's scale. They also assigned media stories about the scientific and technical instruments company an impact score of 46.66 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Itron.
Who are Itron's major shareholders?
Itron's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Scopia Capital Management LP (13.96%), BlackRock Inc. (12.90%), Bank of New York Mellon Corp (2.95%), Dimensional Fund Advisors LP (2.58%), Fairpointe Capital LLC (2.12%) and Frontier Capital Management Co. LLC (2.00%). Company insiders that own Itron stock include Daniel S Pelino, Jon E Eliassen, Lynda L Ziegler, Philip Mezey, Scopia Capital Management Lp, Shannon M Votava, Thomas Deitrich, Thomas S Glanville and William Mark Schmitz. 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 Aristotle Capital Boston LLC, Renaissance Technologies LLC, FMR LLC, Fairpointe Capital LLC, Zurcher Kantonalbank Zurich Cantonalbank, Frontier Capital Management Co. LLC, Bank of America Corp DE and Caption Management LLC. Company insiders that have sold Itron company stock in the last year include Lynda L Ziegler, Philip Mezey, 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 bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Scopia Capital Management LP, First Trust Advisors LP, Raymond James & Associates, Robecosam AG, KBC Group NV, Trillium Asset Management LLC and Daiwa SB Investments Ltd.. Company insiders that have bought Itron stock in the last two years include Daniel S Pelino 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 $62.45.
How big of a company is Itron?
Itron has a market capitalization of $2.42 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.
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.
