Itron, Inc. (ITRI) Set to Announce Quarterly Earnings on Tuesday
Itron, Inc. (NASDAQ:ITRI) is scheduled to announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Itron has set its FY17 guidance at $2.95-3.15 EPS.
Itron (NASDAQ:ITRI) last released its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $503.10 million during the quarter, compared to the consensus estimate of $491.80 million. Itron had a net margin of 1.60% and a return on equity of 15.43%. Itron’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, analysts expect Itron to post $3.05 EPS for the current fiscal year and $3.68 EPS for the next fiscal year.
Shares of Itron, Inc. (NASDAQ:ITRI) opened at 78.10 on Tuesday. Itron, Inc. has a 12-month low of $51.55 and a 12-month high of $79.95. The firm has a market cap of $3.02 billion, a P/E ratio of 96.66 and a beta of 1.10. The firm has a 50-day moving average of $76.21 and a 200-day moving average of $70.44.
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Several brokerages have issued reports on ITRI. Cowen and Company set a $60.00 price target on shares of Itron and gave the company a “hold” rating in a report on Friday, July 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $78.00 price target (up previously from $75.00) on shares of Itron in a report on Friday, August 4th. Robert W. Baird reaffirmed a “hold” rating and issued a $77.00 price target on shares of Itron in a report on Tuesday, September 12th. BidaskClub downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $84.00 price objective (up previously from $74.00) on shares of Itron in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $81.78.
Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.
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