$0.04 EPS Expected for Iteris, Inc. (NASDAQ:ITI) This Quarter

Brokerages expect Iteris, Inc. (NASDAQ:ITI – Get Rating) to announce $0.04 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Iteris’ earnings. Iteris reported earnings of $0.03 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is expected to issue its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Iteris will report full year earnings of $0.11 per share for the current financial year, with EPS estimates ranging from $0.07 to $0.15. For the next year, analysts anticipate that the firm will post earnings of $0.20 per share, with EPS estimates ranging from $0.18 to $0.22. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Iteris.

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

ITI traded down $0.02 on Friday, hitting $2.45. 2,462 shares of the company were exchanged, compared to its average volume of 296,254. The stock’s fifty day moving average is $2.81 and its 200-day moving average is $3.63. Iteris has a 12 month low of $2.40 and a 12 month high of $7.77. The company has a market cap of $103.71 million, a PE ratio of -22.27 and a beta of 1.34.

Large investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its position in Iteris by 147.1% during the second quarter. Morgan Stanley now owns 21,088 shares of the technology company’s stock worth $139,000 after acquiring an additional 12,554 shares during the period. Invesco Ltd. raised its position in shares of Iteris by 46.6% in the second quarter. Invesco Ltd. now owns 14,848 shares of the technology company’s stock valued at $98,000 after buying an additional 4,719 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Iteris in the third quarter valued at approximately $59,000. Barclays PLC grew its position in Iteris by 217.1% during the third quarter. Barclays PLC now owns 17,310 shares of the technology company’s stock worth $92,000 after buying an additional 11,852 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Iteris by 80.8% during the 3rd quarter. Citigroup Inc. now owns 4,818 shares of the technology company’s stock worth $25,000 after acquiring an additional 2,153 shares during the period. 55.62% of the stock is owned by institutional investors and hedge funds.

About Iteris (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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