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
Industry Instruments to measure electricity
Sub-IndustryElectronic Equipment & Instruments
SectorComputer and Technology
SymbolNASDAQ:ITRI
CUSIP46574110
Phone509-924-9900
Debt
Debt-to-Equity Ratio1.57
Current Ratio1.46
Quick Ratio1.13
Price-To-Earnings
Trailing P/E Ratio19.43
Forward P/E Ratio19.69
P/E Growth0.95
Sales & Book Value
Annual Sales$2.02 billion
Price / Sales1.15
Cash Flow$4.7295 per share
Price / Cash12.57
Book Value$20.80 per share
Price / Book2.86
Profitability
EPS (Most Recent Fiscal Year)$3.06
Net Income$57.29 million
Net Margins-4.85%
Return on Equity13.59%
Return on Assets4.90%
Miscellaneous
Employees7,800
Outstanding Shares39,200,000
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 has authorized a share repurchase program on Wednesday, April 12th 2017, which allows the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 22% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.
How were Itron's earnings last quarter?
Itron, Inc. (NASDAQ:ITRI) posted its quarterly earnings data on Monday, May, 14th. The scientific and technical instruments company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The scientific and technical instruments company had revenue of $607 million for the quarter, compared to analysts' expectations of $575.74 million. Itron had a negative net margin of 4.85% and a positive return on equity of 13.59%. The firm's revenue was up 27.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. View Itron's Earnings History.
What price target have analysts set for ITRI?
10 Wall Street analysts have issued twelve-month price targets for Itron's shares. Their predictions range from $77.00 to $108.00. On average, they anticipate Itron's share price to reach $84.7778 in the next twelve months. 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 will gain from robust backlog and new contracts reflecting strong industry demand for new technologies. Its Silver Spring acquisition will also aid backlog strength. The integration of Silver Spring is progressing well and the company confirmed $50 million of run rate cost synergies by the end of 2020. The new restructuring plan will also optimize manufacturing operations and product development. However, industry supply chain headwinds and pricing issues will hurt margin performance in second-quarter 2018. Further, the effective tax rate in each quarter will vary from the annual guidance, which might impact the company's earnings. Further, elevated costs related to supply-chain transitions will mar earnings. Itron's results will also be hurt by elevated restructuring expense, fluctuation in currency rates and intense competition. Moreover, the stock has underperformed the industry, over the past year." (6/18/2018)
- 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)
- Ms. Shannon M. Votava, Sr. VP, Gen. Counsel & Corp. Sec. (Age 58)
- Mr. Michel Charles Cadieux, Sr. VP of HR (Age 61)
Has Itron been receiving favorable news coverage?
News coverage about ITRI stock has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Itron earned a coverage optimism score of 0.07 on Accern's scale. They also gave news coverage about the scientific and technical instruments company an impact score of 46.00 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Itron's major shareholders?
Itron's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Scopia Capital Management LP (13.35%), BlackRock Inc. (11.94%), Dimensional Fund Advisors LP (2.58%), Marcato Capital Management LP (2.40%), Frontier Capital Management Co. LLC (2.05%) and Neuberger Berman Group LLC (1.56%). Company insiders that own Itron stock include Daniel S Pelino, Jon E Eliassen, 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 Prudential Financial Inc., Allianz Asset Management GmbH, Allianz Asset Management GmbH, Neuberger Berman Group LLC, JPMorgan Chase & Co., BNP Paribas Arbitrage SA, Foundry Partners LLC and Comerica Bank. Company insiders that have sold Itron company stock in the last year include 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 Robecosam AG, Marcato Capital Management LP, Hsbc Holdings PLC, BlackRock Inc., Credit Agricole S A, Banbury Partners LLC, KBC Group NV and Sei Investments Co.. 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 $59.45.
How big of a company is Itron?
Itron has a market capitalization of $2.35 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 (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.
