Zacks: Brokerages Expect Iteris, Inc. (NASDAQ:ITI) to Announce $0.04 EPS

Wall Street brokerages forecast that Iteris, Inc. (NASDAQ:ITIGet Rating) will post earnings per share of $0.04 for the current quarter, according to Zacks. Two analysts have made estimates for Iteris’ earnings. Iteris posted earnings per share of $0.03 in the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Iteris will report full-year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.15. For the next financial year, analysts expect that the firm will report earnings of $0.20 per share, with EPS estimates ranging from $0.18 to $0.22. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Iteris.

Iteris (NASDAQ:ITIGet Rating) last issued its quarterly earnings data on Thursday, February 3rd. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The firm had revenue of $32.00 million for the quarter, compared to analysts’ expectations of $32.49 million. Iteris had a negative return on equity of 5.31% and a negative net margin of 3.34%. During the same period in the previous year, the business posted ($0.01) EPS.

A number of equities analysts recently issued reports on ITI shares. TheStreet lowered Iteris from a “c-” rating to a “d+” rating in a report on Friday, February 4th. StockNews.com initiated coverage on Iteris in a report on Thursday, March 31st. They issued a “hold” rating on the stock. B. Riley lowered their price objective on Iteris from $8.00 to $6.00 in a report on Friday, February 4th. Zacks Investment Research raised Iteris from a “strong sell” rating to a “hold” rating in a report on Thursday, April 7th. Finally, Craig Hallum lowered Iteris from a “buy” rating to a “hold” rating and lowered their price objective for the company from $6.00 to $4.50 in a report on Friday, February 4th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.83.

NASDAQ ITI opened at $2.58 on Friday. Iteris has a 52-week low of $2.40 and a 52-week high of $7.77. The business’s 50-day moving average price is $2.94 and its 200 day moving average price is $3.87. The firm has a market cap of $109.22 million, a P/E ratio of -23.45, a P/E/G ratio of 2.57 and a beta of 1.34.

In related news, CEO J. Joseph Bergera purchased 10,000 shares of Iteris stock in a transaction dated Tuesday, February 8th. The stock was bought at an average cost of $3.38 per share, for a total transaction of $33,800.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have bought 20,800 shares of company stock valued at $70,230. Insiders own 5.64% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Dynamic Advisor Solutions LLC grew its stake in Iteris by 21.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 152,558 shares of the technology company’s stock worth $455,000 after acquiring an additional 26,735 shares during the period. Bartlett & Co. LLC purchased a new stake in Iteris in the 4th quarter worth approximately $181,000. Barclays PLC grew its stake in Iteris by 197.0% in the 4th quarter. Barclays PLC now owns 51,411 shares of the technology company’s stock worth $206,000 after acquiring an additional 34,101 shares during the period. BlackRock Inc. grew its stake in Iteris by 1.2% in the 4th quarter. BlackRock Inc. now owns 2,706,794 shares of the technology company’s stock worth $10,827,000 after acquiring an additional 32,650 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Iteris by 24.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 36,311 shares of the technology company’s stock worth $145,000 after acquiring an additional 7,063 shares during the period. Hedge funds and other institutional investors own 55.17% of the company’s stock.

Iteris Company Profile (Get Rating)

Iteris, Inc provides intelligent transportation systems technology solutions in Canada and Europe. It operates through Roadway Sensors and Transportation Systems segments. The Roadway Sensors segment offers detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications.

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Earnings History and Estimates for Iteris (NASDAQ:ITI)

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