Itron (ITRI) to Release Earnings on Monday

Itron (NASDAQ:ITRI) is set to release its earnings data after the market closes on Monday, August 3rd. Analysts expect Itron to post earnings of ($0.21) per share for the quarter. Itron has set its Q2 2020
After-Hours guidance at -0.3–0.1 EPS and its Q2 guidance at ($0.30-0.10) EPS.Investors interested in participating in the company’s conference call can do so using this link.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Monday, May 4th. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Itron had a net margin of 2.40% and a return on equity of 16.47%. The firm had revenue of $598.40 million for the quarter, compared to analysts’ expectations of $614.83 million. During the same quarter in the prior year, the business earned $0.70 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis. On average, analysts expect Itron to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NASDAQ:ITRI opened at $69.56 on Friday. The firm’s 50 day moving average price is $66.61 and its 200-day moving average price is $68.96. Itron has a twelve month low of $40.48 and a twelve month high of $88.32. The company has a quick ratio of 1.75, a current ratio of 2.08 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $2.80 billion, a PE ratio of 47.00, a price-to-earnings-growth ratio of 1.84 and a beta of 1.33.

In other news, SVP Donald L. Reeves III sold 1,845 shares of Itron stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $61.69, for a total transaction of $113,818.05. Following the sale, the senior vice president now owns 6,805 shares in the company, valued at $419,800.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Donald L. Reeves III sold 379 shares of Itron stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $66.60, for a total transaction of $25,241.40. Following the sale, the senior vice president now owns 5,450 shares in the company, valued at approximately $362,970. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,744 shares of company stock worth $380,807. Company insiders own 1.72% of the company’s stock.

Several equities analysts have recently weighed in on ITRI shares. BidaskClub upgraded shares of Itron from a “sell” rating to a “hold” rating in a research note on Friday, April 24th. Canaccord Genuity reiterated a “buy” rating on shares of Itron in a research note on Thursday, June 18th. Oppenheimer lowered their price objective on shares of Itron from $90.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, June 26th. Johnson Rice started coverage on shares of Itron in a research note on Tuesday, May 26th. They set a “buy” rating and a $80.00 target price on the stock. Finally, JMP Securities decreased their target price on shares of Itron from $95.00 to $80.00 and set a “market outperform” rating on the stock in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $81.50.

Itron Company Profile

Itron, Inc, a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use 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.

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Earnings History for Itron (NASDAQ:ITRI)

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