Equities analysts forecast that Itron, Inc. (NASDAQ:ITRI) will post earnings of $0.94 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Itron’s earnings. The highest EPS estimate is $0.97 and the lowest is $0.92. Itron reported earnings of $0.68 per share during the same quarter last year, which would suggest a positive year over year growth rate of 38.2%. The firm is expected to issue its next earnings report on Tuesday, February 27th.

On average, analysts expect that Itron will report full-year earnings of $2.99 per share for the current financial year, with EPS estimates ranging from $2.97 to $3.02. For the next fiscal year, analysts forecast that the business will report earnings of $3.65 per share, with EPS estimates ranging from $3.57 to $3.70. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Itron.

Itron (NASDAQ:ITRI) last issued 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 analysts’ consensus estimates of $0.89 by ($0.12). The business had revenue of $486.75 million during the quarter, compared to the consensus estimate of $526.55 million. Itron had a net margin of 3.42% and a return on equity of 14.84%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 EPS.

A number of analysts have weighed in on ITRI shares. Canaccord Genuity downgraded shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 target price for the company. in a research report on Tuesday, September 19th. Robert W. Baird reissued a “hold” rating and set a $77.00 target price on shares of Itron in a research report on Tuesday, September 12th. JMP Securities set a $102.00 target price on shares of Itron and gave the company a “buy” rating in a research report on Thursday, October 12th. Needham & Company LLC reissued a “buy” rating and set a $84.00 target price on shares of Itron in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of Itron from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $81.78.

In related news, major shareholder Scopia Capital Management Lp acquired 75,193 shares of Itron stock in a transaction dated Wednesday, December 6th. The stock was bought at an average price of $67.34 per share, with a total value of $5,063,496.62. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in Itron by 2.0% in 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 purchasing an additional 31 shares during the period. Hanseatic Management Services Inc. lifted its stake in Itron by 0.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 23,807 shares of the scientific and technical instruments company’s stock valued at $1,613,000 after acquiring an additional 61 shares in the last quarter. Systematic Financial Management LP lifted its stake in Itron by 0.5% during the 2nd quarter. Systematic Financial Management LP now owns 26,495 shares of the scientific and technical instruments company’s stock valued at $1,795,000 after acquiring an additional 120 shares in the last quarter. CWH Capital Management Inc. lifted its stake in Itron by 4.5% during the 2nd quarter. CWH Capital Management Inc. now owns 4,690 shares of the scientific and technical instruments company’s stock valued at $318,000 after acquiring an additional 200 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Itron by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 17,534 shares of the scientific and technical instruments company’s stock valued at $1,188,000 after acquiring an additional 200 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

Shares of Itron (NASDAQ ITRI) traded down $0.70 during midday trading on Monday, reaching $69.20. 449,200 shares of the company were exchanged, compared to its average volume of 206,559. The company has a market cap of $2,690.00, a price-to-earnings ratio of 25.35, a PEG ratio of 1.10 and a beta of 1.00. Itron has a 1-year low of $57.80 and a 1-year high of $79.95. The company has a current ratio of 1.67, a quick ratio of 1.26 and a debt-to-equity ratio of 0.38.

ILLEGAL ACTIVITY NOTICE: “$0.94 Earnings Per Share Expected for Itron, Inc. (ITRI) This Quarter” was published by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/12/11/0-94-earnings-per-share-expected-for-itron-inc-itri-this-quarter-2.html.

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.

Get a free copy of the Zacks research report on Itron (ITRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Itron (NASDAQ:ITRI)

Receive News & Ratings for Itron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron Inc. and related companies with MarketBeat.com's FREE daily email newsletter.