Wall Street analysts expect that Iteris Inc (NASDAQ:ITI) will post $23.28 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Iteris’ earnings. The lowest sales estimate is $23.05 million and the highest is $23.51 million. Iteris posted sales of $22.69 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Iteris will report full-year sales of $23.28 million for the current year, with estimates ranging from $101.67 million to $101.75 million. For the next year, analysts forecast that the firm will report sales of $114.91 million per share, with estimates ranging from $111.78 million to $118.03 million. Zacks’ sales averages are an average based on a survey of research firms that cover Iteris.

Iteris (NASDAQ:ITI) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). Iteris had a negative return on equity of 10.73% and a negative net margin of 6.18%.

ITI has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Iteris from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. B. Riley reaffirmed a “buy” rating and set a $9.00 price target on shares of Iteris in a research report on Wednesday, November 8th. Finally, Northland Securities set a $9.00 price target on Iteris and gave the stock a “buy” rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $8.31.

Shares of Iteris (ITI) traded down $0.06 during trading hours on Monday, hitting $7.47. The company’s stock had a trading volume of 364,200 shares, compared to its average volume of 254,977. Iteris has a fifty-two week low of $4.30 and a fifty-two week high of $8.17. The stock has a market capitalization of $244.92, a price-to-earnings ratio of -37.35 and a beta of -0.46.

In other Iteris news, insider Thomas N. Blair sold 31,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $6.88, for a total value of $215,000.00. Following the completion of the transaction, the insider now owns 12,500 shares of the company’s stock, valued at approximately $86,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Todd Kreter sold 37,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $6.10, for a total transaction of $228,750.00. Following the completion of the transaction, the insider now directly owns 40,803 shares of the company’s stock, valued at approximately $248,898.30. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Iteris by 28.0% during the 2nd quarter. Vanguard Group Inc. now owns 813,850 shares of the technology company’s stock worth $5,062,000 after acquiring an additional 177,980 shares in the last quarter. Cowen Prime Services LLC boosted its holdings in shares of Iteris by 180.7% in the third quarter. Cowen Prime Services LLC now owns 563,395 shares of the technology company’s stock valued at $3,747,000 after acquiring an additional 362,650 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Iteris by 256.5% in the second quarter. Northern Trust Corp now owns 306,623 shares of the technology company’s stock valued at $1,907,000 after acquiring an additional 220,625 shares in the last quarter. State Street Corp purchased a new stake in shares of Iteris in the second quarter valued at about $1,606,000. Finally, King Luther Capital Management Corp boosted its holdings in Iteris by 27.0% during the second quarter. King Luther Capital Management Corp now owns 206,900 shares of the technology company’s stock worth $1,287,000 after buying an additional 44,033 shares in the last quarter. Hedge funds and other institutional investors own 33.34% of the company’s stock.

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About Iteris

Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.

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