Wall Street brokerages expect Itron, Inc. (NASDAQ:ITRI) to post $539.90 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Itron’s earnings, with the highest sales estimate coming in at $541.10 million and the lowest estimate coming in at $538.70 million. Itron reported sales of $495.71 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The business is expected to report its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Itron will report full-year sales of $539.90 million for the current year, with estimates ranging from $2.01 billion to $2.02 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.11 billion per share, with estimates ranging from $2.10 billion to $2.13 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Itron.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing the 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 during the quarter, compared to analyst estimates of $526.55 million. During the same period in the previous year, the company earned $0.77 EPS. Itron’s revenue was down 4.0% on a year-over-year basis.

Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Itron from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Robert W. Baird restated a “hold” rating and issued a $77.00 target price on shares of Itron in a research note on Tuesday, September 12th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $78.00 target price (up from $75.00) on shares of Itron in a research note on Friday, August 4th. Needham & Company LLC restated a “buy” rating and issued a $84.00 target price (up from $74.00) on shares of Itron in a research note on Thursday, August 3rd. Finally, Cowen Inc set a $74.00 target price on shares of Itron and gave the company a “hold” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Itron currently has an average rating of “Buy” and an average target price of $81.78.

A number of hedge funds and other institutional investors have recently bought and sold shares of ITRI. PNC Financial Services Group Inc. boosted its stake in Itron by 2.0% during the 2nd 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 acquiring an additional 31 shares during the last quarter. Pacad Investment Ltd. boosted its stake in Itron by 21.4% during the 2nd quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock valued at $115,000 after acquiring an additional 300 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in Itron by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the scientific and technical instruments company’s stock valued at $142,000 after acquiring an additional 897 shares during the last quarter. Macquarie Group Ltd. bought a new position in Itron during the 3rd quarter valued at $152,000. Finally, Royal Bank of Canada boosted its stake in Itron by 10.9% during the 2nd quarter. Royal Bank of Canada now owns 3,042 shares of the scientific and technical instruments company’s stock valued at $206,000 after acquiring an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

Itron (NASDAQ ITRI) opened at $66.00 on Friday. The firm has a market cap of $2,570.00, a price-to-earnings ratio of 24.08, a PEG ratio of 1.05 and a beta of 1.07. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.38. Itron has a 52 week low of $57.80 and a 52 week high of $79.95.

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Itron Company Profile

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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