Itron (ITRI) Stock Forecast, Price & News

12 Wall Street research 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 6 buy ratings for the stock. The consensus among Wall Street research 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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12 brokerages have issued 12 month price objectives for Itron's shares. Their ITRI share price forecasts range from $45.00 to $95.00. On average, they expect the company's share price to reach $68.70 in the next year. This suggests a possible upside of 16.3% 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 16.6% and is now trading at $59.08.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Itron, Inc. (NASDAQ:ITRI) announced its earnings results on Thursday, August, 3rd. The scientific and technical instruments company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.34. The scientific and technical instruments company had revenue of $541.07 million for the quarter, compared to analysts' expectations of $518.01 million. Itron had a trailing twelve-month return on equity of 8.02% and a net margin of 2.01%.

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 third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $0.44-$0.56 for the period, compared to the consensus estimate of $0.33. The company issued revenue guidance of $535.00 million-$545.00 million, compared to the consensus revenue estimate of $506.57 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 trades on the NASDAQ under the ticker symbol "ITRI."

Itron's stock is owned by many different retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (7.35%), Dimensional Fund Advisors LP (3.27%), Geode Capital Management LLC (2.04%), Schroder Investment Management Group (1.97%), Aristotle Capital Boston LLC (1.85%) and KBC Group NV (1.41%). 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.
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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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One share of ITRI stock can currently be purchased for approximately $59.08.

Itron (NASDAQ:ITRI) has a market capitalization of $2.69 billion and generates $1.92 billion in revenue each year. The scientific and technical instruments company earns $-9,730,000.00 in net income (profit) each year or $0.85 on an earnings per share basis.

The company employs 5,477 workers across the globe.

Itron's mailing address is 2111 N MOLTER ROAD, LIBERTY LAKE WA, 99019. The official website for the company is www.itron.com. The scientific and technical instruments company can be reached via phone at (509) 924-9900, via email at investors@itron.com, or via fax at 509-891-3355.