$0.94 Earnings Per Share Expected for Itron, Inc. (ITRI) This Quarter
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.
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.
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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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