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NASDAQ:ITRI

Itron - ITRI Stock Forecast, Price & News

$50.22
-0.41 (-0.81%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$49.52
$50.59
50-Day Range
$43.83
$58.62
52-Week Range
$43.18
$86.49
Volume
344,380 shs
Average Volume
394,751 shs
Market Capitalization
$2.27 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$65.25

Itron MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
28.8% Upside
$64.67 Price Target
Short Interest
Healthy
4.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
+0.70
Upright™ Environmental Score
News Sentiment
-0.13mentions of Itron in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$48,923 Sold Last Quarter
Proj. Earnings Growth
259.21%
From $0.76 to $2.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.89 out of 5 stars

Computer And Technology Sector

70th out of 644 stocks

Instruments To Measure Electricity Industry

1st out of 7 stocks

ITRI stock logo

About Itron (NASDAQ:ITRI) Stock

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.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley lowered 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. JPMorgan Chase & Co. downgraded Itron from an "overweight" rating to a "neutral" rating and set a $65.00 price objective on the stock. in a research note on Monday. StockNews.com downgraded Itron from a "buy" rating to a "hold" rating in a research note on Friday. Piper Sandler reduced their price objective on Itron from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 19th. Finally, Raymond James reduced their price objective on Itron from $72.00 to $68.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, July 12th. Eight equities research 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 company presently has a consensus rating of "Hold" and an average target price of $64.67.

Itron Stock Down 0.8 %

Shares of ITRI Stock traded down $0.41 during mid-day trading on Tuesday, hitting $50.22. The stock had a trading volume of 344,380 shares, compared to its average volume of 394,751. Itron has a 12-month low of $43.18 and a 12-month high of $86.49. The firm has a market capitalization of $2.27 billion, a P/E ratio of -23.47 and a beta of 1.24. The firm's 50-day moving average is $50.25 and its two-hundred day moving average is $51.31. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.64 and a quick ratio of 1.26.

Itron (NASDAQ:ITRI - Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.14). The company had revenue of $431.88 million for the quarter, compared to analysts' expectations of $488.53 million. Itron had a positive return on equity of 4.45% and a negative net margin of 5.15%. The company's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. On average, analysts predict that Itron will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $30,948.72. Following the completion of the sale, the chief financial officer now directly owns 50,409 shares in the company, valued at approximately $2,488,188.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 1,015 shares of company stock worth $48,923 in the last three months. 1.37% of the stock is owned by insiders.

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ITRI Stock News Headlines

Itron (NASDAQ:ITRI) Stock Rating Lowered by Stephens
Itron (NASDAQ:ITRI) Rating Lowered to Hold at StockNews.com
Itron (NASDAQ:ITRI) Shares Gap Down Following Weak Earnings
Recap: Itron Q2 Earnings - Benzinga
Itron Q2 2022 Earnings Preview - Seeking Alpha
Itron (ITRI) Set to Announce Quarterly Earnings on Thursday
Itron (NASDAQ:ITRI) Price Target Cut to $50.00
See More Headlines
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ITRI Company Calendar

Last Earnings
8/04/2022
Today
8/09/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Instruments to measure electricity
Sub-Industry
Electronic Equipment & Instruments
Current Symbol
NASDAQ:ITRI
CUSIP
46574110
Employees
6,065
Year Founded
1977

Price Target and Rating

Average Stock Price Forecast
$64.67
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+29.9%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
9 Analysts

Profitability

Net Income
$-81,250,000.00
Pretax Margin
-7.49%

Debt

Sales & Book Value

Annual Sales
$1.98 billion
Cash Flow
$3.88 per share
Book Value
$25.24 per share

Miscellaneous

Free Float
44,521,000
Market Cap
$2.27 billion
Optionable
Optionable
Beta
1.24

Social Links















ITRI Stock - Frequently Asked Questions

Should I buy or sell Itron stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Itron in the last year. There are currently 7 hold ratings, 1 buy rating and 1 strong buy rating 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.
View ITRI analyst ratings
or view top-rated stocks.

What is Itron's stock price forecast for 2022?

9 brokers have issued twelve-month price objectives for Itron's stock. Their ITRI share price forecasts range from $43.00 to $93.00. On average, they expect the company's share price to reach $64.67 in the next year. This suggests a possible upside of 28.4% from the stock's current price.
View analysts price targets for ITRI
or view top-rated stocks among Wall Street analysts.

How has Itron's stock price performed in 2022?

Itron's stock was trading at $68.52 on January 1st, 2022. Since then, ITRI shares have decreased by 26.5% and is now trading at $50.38.
View the best growth stocks for 2022 here
.

When is Itron's next earnings date?

Itron is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our ITRI earnings forecast
.

How were Itron's earnings last quarter?

Itron, Inc. (NASDAQ:ITRI) posted its earnings results on Thursday, August, 4th. The scientific and technical instruments company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by $0.14. The scientific and technical instruments company had revenue of $431.88 million for the quarter, compared to analyst estimates of $488.53 million. Itron had a negative net margin of 5.15% and a positive trailing twelve-month return on equity of 4.45%. The company's revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS.

What guidance has Itron issued on next quarter's earnings?

Itron issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $0.70-$0.90 for the period, compared to the consensus estimate of $1.34. The company issued revenue guidance of $1.85 billion-$1.90 billion, compared to the consensus revenue estimate of $2.02 billion.

What is Tom Deitrich's approval rating as Itron's CEO?

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.

What other stocks do shareholders of Itron own?

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).

What is Itron's stock symbol?

Itron trades on the NASDAQ under the ticker symbol "ITRI."

Who are Itron's major shareholders?

Itron's stock is owned by a variety of institutional and retail investors. Top institutional investors include KBC Group NV (1.31%), Vontobel Holding Ltd. (0.84%), Loomis Sayles & Co. L P (0.80%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.44%), Trillium Asset Management LLC (0.33%) and Credit Agricole S A (0.30%). 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, Philip Mezey, Sarah E Hlavinka, Sharelynn Faye Moore, Thomas Deitrich and Thomas S Glanville.
View institutional ownership trends
.

How do I buy shares of Itron?

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.
Compare Top Brokerages Here.

What is Itron's stock price today?

One share of ITRI stock can currently be purchased for approximately $50.38.

How much money does Itron make?

Itron (NASDAQ:ITRI) has a market capitalization of $2.27 billion and generates $1.98 billion in revenue each year. The scientific and technical instruments company earns $-81,250,000.00 in net income (profit) each year or ($2.14) on an earnings per share basis.

How many employees does Itron have?

Itron employs 6,065 workers across the globe.

Does Itron have any subsidiaries?

The following companies are subsidiares of Itron: Allmess GmbH, Arabian Metering Company, Asais Conseil S.A.S., Asais S.A.S, Compañía Chilena de Medición S.A., Comverge International Ltd., Comverge Japan K.K., Comverge South Africa PTY Ltd., Ganz Meter Company Ltd., Itron Argentina S.A., Itron Australasia Pty Limited, Itron Austria GmbH, Itron Belgium SA, Itron Brazil I LLC, Itron Brazil II LLC, Itron Canada Inc., Itron China Gas Holding Co. Ltd., Itron Czech Republic s.r.o., Itron Denmark ApS, Itron Development UK Ltd., Itron Distribución S.A. de C.V., Itron France S.A.S., Itron Global SARL, Itron GmbH, Itron Holding France S.A.S., Itron Holding Germany GmbH, Itron Imobiliaria Unipessoal LDA., Itron India Private Limited, Itron International Inc., Itron Italia SpA, Itron Japan Co. Ltd., Itron LLC, Itron Labs Kft, Itron Management Services Ireland Limited, Itron Measurement and Systems (Proprietary) Limited, Itron Metering Solutions (Suzhou) Co. Ltd., Itron Metering Solutions (Thailand) Co. Ltd., Itron Metering Solutions India Private Limited, Itron Metering Solutions Luxembourg SARL, Itron Metering Solutions UK Ltd., Itron Metering Systems (Suzhou) Co. Ltd., Itron Metering Systems Singapore Pte Ltd., Itron Middle East LLC, Itron Nederland B.V., Itron Networked Solutions Inc., Itron New Zealand Limited, Itron Polska SP ZOO, Itron Portugal Unipessoal LDA., Itron Servicios S.A. de C.V., Itron Sistemas de Medição Lda., Itron Sistemas e Tecnologia Ltda, Itron Soluções para Energia e Àgua Ltda., Itron Spain SLU, Itron Sweden AB, Itron Ukraine, Itron Ukrgas Meters Company (J.V. Majority), Itron Unterstutzungseinrichtung GmbH, Itron Unterstutzungskasse GmbH, Itron Zähler & Systemtechnik GmbH, Metertek Sdn Bhd (J.V. 100% indirectly owned), PT Mecoindo (J.V.), Royal Cautivo Insurance Inc., SEWA GmbH, Silver Spring, Silver Spring Networks (UK) Limited, Silver Spring Networks FZ-LLC, Silver Spring Networks Holdings LLC, Silver Spring Networks Hong Kong Limited, Silver Spring Networks India LLP, Silver Spring Networks International Limited, Silver Spring Networks Mayalsia Sdn. Bhd., Silver Spring Networks Pty Limited, Silver Spring Networks Smart Grid Sociedade Unipessoal Lda., Silver Spring Networks Wireless Trading Middle East LLC, and Temetra Limited.
Read More

When was Itron founded?

Itron was founded in 1977.

How can I contact Itron?

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.

This page (NASDAQ:ITRI) was last updated on 8/9/2022 by MarketBeat.com Staff

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