Insider Selling: Itron, Inc. (ITRI) COO Sells 11,899 Shares of Stock
Itron, Inc. (NASDAQ:ITRI) COO Thomas Deitrich sold 11,899 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $69.27, for a total transaction of $824,243.73. Following the transaction, the chief operating officer now directly owns 82,776 shares in the company, valued at approximately $5,733,893.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Itron, Inc. (NASDAQ:ITRI) traded up $1.10 during trading hours on Wednesday, hitting $70.55. 256,200 shares of the stock traded hands, compared to its average volume of 207,042. Itron, Inc. has a 52 week low of $57.80 and a 52 week high of $79.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26. The firm has a market cap of $2,689.47, a P/E ratio of 25.44, a PEG ratio of 1.11 and a beta of 1.00.
Itron (NASDAQ:ITRI) last issued its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.12). Itron had a net margin of 3.42% and a return on equity of 14.84%. The firm had revenue of $486.75 million during the quarter, compared to analyst estimates of $526.55 million. During the same quarter in the prior year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. equities research analysts predict that Itron, Inc. will post 2.99 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on ITRI shares. Zacks Investment Research raised shares of Itron from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Monday, August 28th. JMP Securities set a $102.00 price target on shares of Itron and gave the company a “buy” rating in a report on Thursday, October 12th. Argus reissued a “buy” rating and issued a $80.00 price target (up previously from $78.00) on shares of Itron in a report on Tuesday, September 12th. Needham & Company LLC reissued a “buy” rating and issued a $84.00 price target on shares of Itron in a report on Friday, November 3rd. Finally, Canaccord Genuity lowered shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 price target on the stock. in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Itron presently has an average rating of “Hold” and an average target price of $81.78.
TRADEMARK VIOLATION NOTICE: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/12/13/insider-selling-itron-inc-itri-coo-sells-11899-shares-of-stock.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.
Receive News & Ratings for Itron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron and related companies with MarketBeat.com's FREE daily email newsletter.