News articles about Itron (NASDAQ:ITRI) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Itron earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the scientific and technical instruments company an impact score of 44.8600961079357 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
A number of brokerages have commented on ITRI. Robert W. Baird reiterated a “hold” rating and set a $77.00 price target on shares of Itron in a research report on Tuesday, September 12th. Canaccord Genuity cut shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 price target on the stock. in a research report on Tuesday, September 19th. Zacks Investment Research cut shares of Itron from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Argus reiterated a “buy” rating and set a $80.00 price target (up from $78.00) on shares of Itron in a research report on Tuesday, September 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $84.00 price target on shares of Itron in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Itron currently has a consensus rating of “Hold” and a consensus price target of $81.78.
Shares of Itron (NASDAQ:ITRI) traded up $0.45 during trading on Wednesday, hitting $71.00. 293,726 shares of the stock traded hands, compared to its average volume of 207,403. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26. Itron has a 1 year low of $57.80 and a 1 year high of $79.95. The company has a market capitalization of $2,689.47, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00.
Itron (NASDAQ:ITRI) last issued its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.12). Itron had a return on equity of 14.84% and a net margin of 3.42%. The firm had revenue of $486.75 million during the quarter, compared to the consensus estimate of $526.55 million. During the same quarter in the prior year, the business posted $0.77 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. analysts forecast that Itron will post 2.99 earnings per share for the current year.
In related news, COO Thomas Deitrich sold 11,899 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $69.27, for a total value of $824,243.73. Following the completion of the sale, the chief operating officer now owns 82,776 shares of the company’s stock, valued at $5,733,893.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Scopia Capital Management Lp purchased 75,193 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average cost of $67.34 per share, with a total value of $5,063,496.62. The disclosure for this purchase can be found here. Insiders bought 630,426 shares of company stock worth $43,617,259 in the last 90 days. Company insiders own 2.03% of the company’s stock.
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Itron Company Profile
Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.
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