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NASDAQ:ITRI

Itron - ITRI Stock Forecast, Price & News

$53.32
+0.45 (+0.85%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$52.74
$53.79
50-Day Range
$43.83
$58.62
52-Week Range
$43.18
$86.49
Volume
298,324 shs
Average Volume
393,415 shs
Market Capitalization
$2.41 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$64.67

Itron MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
21.3% Upside
$64.67 Price Target
Short Interest
Healthy
4.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
+0.70
Upright™ Environmental Score
News Sentiment
-0.08mentions of Itron in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$48,923 Sold Last Quarter
Proj. Earnings Growth
218.18%
From $0.77 to $2.45 Per Share

Overall MarketRank

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

2.54 out of 5 stars

Computer And Technology Sector

186th out of 658 stocks

Instruments To Measure Electricity Industry

3rd 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.

Itron Stock Performance

NASDAQ:ITRI traded up $0.45 on Thursday, hitting $53.32. The company's stock had a trading volume of 298,324 shares, compared to its average volume of 393,415. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $50.29 and a two-hundred day moving average of $51.33. The firm has a market capitalization of $2.41 billion, a P/E ratio of -24.92 and a beta of 1.24. Itron has a one year low of $43.18 and a one year high of $86.49.

Itron (NASDAQ:ITRI - Get Rating) last posted 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). Itron had a negative net margin of 5.15% and a positive return on equity of 4.45%. The firm had revenue of $431.88 million during the quarter, compared to analyst estimates of $488.53 million. During the same period in the previous year, the company posted $0.28 EPS. Itron's revenue for the quarter was down 11.8% compared to the same quarter last year. Research analysts predict that Itron will post 0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

ITRI has been the subject of several recent research reports. Morgan Stanley reduced their price objective on Itron from $60.00 to $55.00 and set an "equal weight" rating for the company in a research report on Thursday, June 9th. Stephens cut Itron from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $65.00 to $55.00 in a research report on Friday, August 5th. JPMorgan Chase & Co. cut Itron from an "overweight" rating to a "neutral" rating and set a $65.00 price objective for the company. in a research report on Monday. StockNews.com lowered Itron from a "buy" rating to a "hold" rating in a report on Friday, August 5th. Finally, Cowen dropped their target price on Itron to $68.00 in a report on Tuesday. Eight investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $64.67.

Insider Activity

In other news, CFO Joan S. Hooper sold 627 shares of the company's stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 1,015 shares of company stock valued at $48,923. 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
8/11/2022
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
+21.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
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
$4.23 per share
Book Value
$25.10 per share

Miscellaneous

Free Float
44,521,000
Market Cap
$2.41 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 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 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 equities research analysts have issued 1 year price objectives for Itron's shares. Their ITRI share price forecasts range from $43.00 to $93.00. On average, they predict the company's stock price to reach $64.67 in the next twelve months. This suggests a possible upside of 21.8% from the stock's current price.
View analysts price targets for ITRI
or view top-rated stocks among Wall Street analysts.

How have ITRI shares performed in 2022?

Itron's stock was trading at $68.52 on January 1st, 2022. Since then, ITRI stock has decreased by 22.5% and is now trading at $53.09.
View the best growth stocks for 2022 here
.

When is Itron's next earnings date?

The company 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) announced its quarterly 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 scientific and technical instruments company earned $431.88 million during the quarter, compared to the consensus estimate 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%. Itron's revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the firm 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, 11th. The company provided EPS guidance of $0.70-$0.90 for the period, compared to the consensus earnings per share 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 number of retail and institutional investors. Top institutional investors include KBC Group NV (1.31%), Vontobel Holding Ltd. (0.84%), Loomis Sayles & Co. L P (0.80%), Alps Advisors Inc. (0.70%), Deutsche Bank AG (0.65%) and Principal Financial Group Inc. (0.62%). 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 $53.09.

How much money does Itron make?

Itron (NASDAQ:ITRI) has a market capitalization of $2.40 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?

The company 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 8/11/2022 by MarketBeat.com Staff

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