Itron (NASDAQ:ITRI) – Analysts at Oppenheimer boosted their Q3 2018 earnings estimates for Itron in a research note issued on Tuesday, May 15th. Oppenheimer analyst N. Kaye now forecasts that the scientific and technical instruments company will post earnings of $0.98 per share for the quarter, up from their previous forecast of $0.92. Oppenheimer has a “Buy” rating and a $78.00 price objective on the stock.
Other equities research analysts have also recently issued reports about the stock. BidaskClub raised shares of Itron from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Itron in a research report on Wednesday, April 4th. ValuEngine raised shares of Itron from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. JMP Securities set a $108.00 price objective on shares of Itron and gave the company a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research raised shares of Itron from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Itron currently has an average rating of “Buy” and a consensus target price of $83.36.
ITRI opened at $58.15 on Wednesday. The firm has a market capitalization of $2.43 billion, a P/E ratio of 19.00, a P/E/G ratio of 0.98 and a beta of 1.00. Itron has a 12 month low of $60.13 and a 12 month high of $61.55. The company has a current ratio of 1.46, a quick ratio of 1.29 and a debt-to-equity ratio of 1.57.
Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Monday, May 14th. The scientific and technical instruments company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $607.00 million for the quarter, compared to analysts’ expectations of $575.74 million. Itron had a negative net margin of 4.85% and a positive return on equity of 13.59%. The firm’s revenue was up 27.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS.
In other Itron news, insider Philip Mezey sold 4,717 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $71.10, for a total transaction of $335,378.70. Following the sale, the insider now directly owns 108,326 shares of the company’s stock, valued at approximately $7,701,978.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shannon M. Votava sold 6,661 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $71.58, for a total transaction of $476,794.38. Following the sale, the vice president now directly owns 16,459 shares in the company, valued at $1,178,135.22. The disclosure for this sale can be found here. Insiders have sold a total of 33,402 shares of company stock worth $2,275,266 over the last three months. Insiders own 2.03% of the company’s stock.
Large investors have recently modified their holdings of the business. Delpha Capital Management LLC bought a new stake in Itron during the 4th quarter worth about $134,000. Adviser Investments LLC bought a new stake in shares of Itron in the 1st quarter valued at about $139,000. Capital Analysts LLC raised its holdings in shares of Itron by 3,048.8% in the 4th quarter. Capital Analysts LLC now owns 3,936 shares of the scientific and technical instruments company’s stock valued at $192,000 after purchasing an additional 3,811 shares during the period. Xact Kapitalforvaltning AB bought a new stake in shares of Itron in the 4th quarter valued at about $214,000. Finally, Domini Impact Investments LLC bought a new stake in shares of Itron in the 1st quarter valued at about $223,000. 94.50% of the stock is currently owned by hedge funds and other institutional investors.
Itron, Inc, a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.
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