Equities analysts predict that Iteris Inc (NASDAQ:ITI) will report ($0.06) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Iteris’ earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at ($0.03). Iteris reported earnings per share of ($0.07) during the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The business is scheduled to announce its next earnings results on Thursday, June 6th.
On average, analysts expect that Iteris will report full-year earnings of ($0.17) per share for the current fiscal year, with EPS estimates ranging from ($0.21) to ($0.11). For the next year, analysts forecast that the firm will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.07) to $0.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Iteris.
Iteris (NASDAQ:ITI) last released its quarterly earnings results on Wednesday, February 6th. The technology company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Iteris had a negative net margin of 7.93% and a negative return on equity of 9.92%. The company had revenue of $23.14 million during the quarter, compared to analyst estimates of $24.18 million.
ITI has been the subject of a number of research reports. Northland Securities set a $8.00 price objective on Iteris and gave the stock a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research downgraded Iteris from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Iteris currently has a consensus rating of “Buy” and an average price target of $6.75.
In other news, insider Neil S. Subin sold 2,551,273 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $4.25, for a total transaction of $10,842,910.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Iteris by 1.2% in the 3rd quarter. BlackRock Inc. now owns 1,973,647 shares of the technology company’s stock valued at $10,618,000 after acquiring an additional 23,225 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Iteris by 25.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 204,016 shares of the technology company’s stock valued at $1,098,000 after acquiring an additional 41,395 shares in the last quarter. Cowen Prime Services LLC raised its stake in shares of Iteris by 27.2% in the 4th quarter. Cowen Prime Services LLC now owns 1,161,390 shares of the technology company’s stock valued at $4,332,000 after acquiring an additional 248,198 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Iteris by 52.6% in the 4th quarter. Rhumbline Advisers now owns 32,671 shares of the technology company’s stock valued at $122,000 after acquiring an additional 11,258 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Iteris by 21.0% in the 4th quarter. Royce & Associates LP now owns 1,457,000 shares of the technology company’s stock valued at $5,435,000 after acquiring an additional 253,000 shares in the last quarter. 33.56% of the stock is owned by institutional investors.
Shares of NASDAQ:ITI traded down $0.12 during midday trading on Wednesday, reaching $4.11. The company had a trading volume of 98,300 shares, compared to its average volume of 109,459. Iteris has a 1-year low of $3.24 and a 1-year high of $5.99. The firm has a market capitalization of $142.40 million, a price-to-earnings ratio of -102.75 and a beta of 0.61.
Iteris Company Profile
Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.
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