Itron (NASDAQ:ITRI) posted its quarterly earnings data on Sunday. The scientific and technical instruments company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10, MarketWatch Earnings reports. Itron had a positive return on equity of 9.74% and a negative net margin of 2.85%. The business had revenue of $519.60 million during the quarter, compared to analysts’ expectations of $547.37 million. During the same quarter in the previous year, the firm earned $0.57 EPS. The firm’s revenue was down 13.2% compared to the same quarter last year.
Shares of ITRI traded down $2.49 on Tuesday, hitting $85.96. The company’s stock had a trading volume of 3,659 shares, compared to its average volume of 569,260. The company has a market capitalization of $3.88 billion, a PE ratio of -52.92 and a beta of 1.18. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.30 and a quick ratio of 1.95. Itron has a fifty-two week low of $50.87 and a fifty-two week high of $122.31. The company has a 50 day moving average price of $90.43 and a 200 day moving average price of $89.97.
Several equities analysts recently issued reports on ITRI shares. Argus upgraded Itron from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Tuesday, March 9th. Raymond James lowered Itron from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $78.00 to $110.00 in a research note on Friday, January 8th. Morgan Stanley assumed coverage on Itron in a research note on Wednesday, March 31st. They set an “equal weight” rating and a $90.00 price target on the stock. Canaccord Genuity lowered their price objective on Itron from $140.00 to $126.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. assumed coverage on Itron in a research note on Thursday, April 1st. They issued an “overweight” rating and a $110.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Itron presently has a consensus rating of “Buy” and an average target price of $101.50.
Itron, Inc, a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space 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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