Itron - ITRI Stock Forecast, Price & News

Itron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers value-added, enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. In addition, it offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company 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. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ITRI. Raymond James cut their price target on Itron from $72.00 to $68.00 and set a "strong-buy" rating on the stock in a report on Tuesday, July 12th. Piper Sandler cut their price target on Itron from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, July 19th. Stephens cut Itron from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $65.00 to $55.00 in a report on Friday. Morgan Stanley cut their price target on Itron from $60.00 to $55.00 and set an "equal weight" rating on the stock in a report on Thursday, June 9th. Finally, StockNews.com cut Itron from a "buy" rating to a "hold" rating in a report on Friday. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $65.25.

Itron Price Performance

NASDAQ:ITRI traded up $0.98 during midday trading on Friday, hitting $51.64. 587,594 shares of the stock were exchanged, compared to its average volume of 403,239. Itron has a one year low of $43.18 and a one year high of $86.49. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -24.13 and a beta of 1.24. The business has a 50-day moving average price of $50.32 and a two-hundred day moving average price of $51.44. The company has a current ratio of 1.64, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40.

Itron (NASDAQ:ITRI - Get Rating) last announced its earnings results on Thursday, August 4th. The scientific and technical instruments company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.14). The firm had revenue of $431.88 million for the quarter, compared to the consensus estimate of $488.53 million. Itron had a positive return on equity of 4.45% and a negative net margin of 5.15%. Itron's revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Sell-side analysts predict that Itron will post 0.76 EPS for the current year.

Insider Buying and Selling at Itron

In other Itron news, CFO Joan S. Hooper sold 627 shares of the company's stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $49.36, for a total value of $30,948.72. Following the transaction, the chief financial officer now owns 50,409 shares of the company's stock, valued at $2,488,188.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 1,015 shares of company stock valued at $48,923. Corporate insiders own 1.37% of the company's stock.