Analysts Expect Iteris, Inc. (NASDAQ:ITI) Will Announce Earnings of $0.05 Per Share

Analysts forecast that Iteris, Inc. (NASDAQ:ITI) will post earnings per share (EPS) of $0.05 for the current quarter, Zacks reports. Two analysts have made estimates for Iteris’ earnings. Iteris posted earnings per share of $0.02 during the same quarter last year, which would indicate a positive year over year growth rate of 150%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 3rd.

On average, analysts expect that Iteris will report full-year earnings of $0.23 per share for the current financial year. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Iteris.

Iteris (NASDAQ:ITI) last posted its quarterly earnings data on Thursday, August 5th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. The business had revenue of $34.09 million during the quarter, compared to the consensus estimate of $33.14 million. Iteris had a return on equity of 0.89% and a net margin of 0.32%.

Separately, Zacks Investment Research raised Iteris from a “sell” rating to a “hold” rating in a report on Thursday, August 12th.

ITI opened at $5.21 on Monday. Iteris has a 12-month low of $3.71 and a 12-month high of $7.81. The stock has a market cap of $218.03 million, a price-to-earnings ratio of 521.00, a PEG ratio of 3.80 and a beta of 1.38. The business has a 50 day moving average of $5.59 and a 200-day moving average of $6.22.

Several institutional investors and hedge funds have recently modified their holdings of ITI. Cowen Prime Advisors LLC acquired a new position in Iteris during the 2nd quarter worth about $10,618,000. State Street Corp increased its holdings in Iteris by 127.5% during the 2nd quarter. State Street Corp now owns 1,455,815 shares of the technology company’s stock worth $9,681,000 after purchasing an additional 815,807 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Iteris during the 2nd quarter worth approximately $4,193,000. Essex Investment Management Co. LLC increased its holdings in Iteris by 53.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 912,877 shares of the technology company’s stock worth $5,632,000 after purchasing an additional 318,391 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Iteris in the first quarter valued at approximately $1,840,000. Institutional investors own 60.28% of the company’s stock.

Iteris Company Profile

Iteris, Inc engages in the provision of smart mobility infrastructure management solutions. The firms solutions enable public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers to monitor, visualize, and optimize mobility infrastructure to help ensure roads are safe, travel is efficient, and communities thrive.

Further Reading: What can cause a stock to outperform?

Get a free copy of the Zacks research report on Iteris (ITI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Iteris (NASDAQ:ITI)

Receive News & Ratings for Iteris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iteris and related companies with MarketBeat.com's FREE daily email newsletter.