Analysts expect Itron, Inc. (NASDAQ:ITRI) to announce earnings of $0.95 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Itron’s earnings, with estimates ranging from $0.92 to $0.97. Itron reported earnings per share of $0.68 in the same quarter last year, which suggests a positive year-over-year growth rate of 39.7%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that Itron will report full year earnings of $3.01 per share for the current fiscal year, with EPS estimates ranging from $2.97 to $3.03. For the next financial year, analysts expect that the firm will report earnings of $3.65 per share, with EPS estimates ranging from $3.57 to $3.69. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Itron.

Itron (NASDAQ:ITRI) last announced its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.12). Itron had a return on equity of 14.84% and a net margin of 3.42%. The business had revenue of $486.75 million for the quarter, compared to analysts’ expectations of $526.55 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year.

A number of research firms recently issued reports on ITRI. Canaccord Genuity reiterated a “hold” rating and set a $78.00 target price on shares of Itron in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $78.00 price objective (up previously from $75.00) on shares of Itron in a report on Friday, August 4th. BidaskClub downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Itron from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Monday, September 11th. Finally, Cowen and Company set a $74.00 price objective on shares of Itron and gave the stock a “hold” rating in a report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $81.78.

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Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Itron by 2.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock valued at $109,000 after purchasing an additional 31 shares during the last quarter. Pacad Investment Ltd. raised its holdings in shares of Itron by 21.4% in the second quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock valued at $115,000 after purchasing an additional 300 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Itron by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the scientific and technical instruments company’s stock valued at $142,000 after purchasing an additional 897 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Itron by 1.5% in the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock valued at $144,000 after purchasing an additional 36 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Itron by 10.9% in the second quarter. Royal Bank of Canada now owns 3,042 shares of the scientific and technical instruments company’s stock valued at $206,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 93.49% of the company’s stock.

Shares of Itron (NASDAQ ITRI) opened at $69.38 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.67 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $2.58 billion, a PE ratio of 24.37, a PEG ratio of 1.07 and a beta of 1.07.

About Itron

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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Earnings History and Estimates for Itron (NASDAQ:ITRI)

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