Brokerages Anticipate Iteris, Inc. (ITI) Will Post Quarterly Sales of $26.43 Million
Equities analysts expect Iteris, Inc. (NASDAQ:ITI) to post $26.43 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Iteris’ earnings. The highest sales estimate is $26.60 million and the lowest is $26.25 million. Iteris reported sales of $24.06 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.9%. The business is expected to report its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Iteris will report full year sales of $26.43 million for the current fiscal year, with estimates ranging from $103.64 million to $104.56 million. For the next fiscal year, analysts anticipate that the company will post sales of $116.68 million per share, with estimates ranging from $114.00 million to $119.35 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Iteris.
ITI has been the topic of a number of recent analyst reports. ValuEngine raised Iteris from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. B. Riley restated a “buy” rating on shares of Iteris in a research report on Friday, June 9th. Finally, Dougherty & Co began coverage on Iteris in a research note on Tuesday, July 18th. They issued a “buy” rating and a $8.00 target price for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Iteris has an average rating of “Buy” and a consensus price target of $5.88.
Shares of Iteris (NASDAQ:ITI) opened at 6.39 on Friday. The firm has a 50-day moving average price of $6.22 and a 200 day moving average price of $5.74. Iteris has a 52-week low of $3.20 and a 52-week high of $6.91. The stock’s market cap is $208.10 million.
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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