Itron (ITRI) Stock Price, News & Analysis

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Itron in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ITRI shares.
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12 Wall Street research analysts have issued 12-month price targets for Itron's shares. Their ITRI share price targets range from $81.00 to $115.00. On average, they anticipate the company's stock price to reach $95.60 in the next year. This suggests a possible upside of 6.6% from the stock's current price.
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Itron's stock was trading at $75.51 at the start of the year. Since then, ITRI stock has increased by 18.8% and is now trading at $89.68.
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Itron saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,410,000 shares, a decline of 10.8% from the March 15th total of 1,580,000 shares. Based on an average daily volume of 413,900 shares, the short-interest ratio is presently 3.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Itron will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Itron, Inc. (NASDAQ:ITRI) posted its earnings results on Monday, February, 26th. The scientific and technical instruments company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.48. The scientific and technical instruments company had revenue of $577.17 million for the quarter, compared to analysts' expectations of $569.90 million. Itron had a trailing twelve-month return on equity of 12.27% and a net margin of 4.46%. Itron's revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS.

ETFs with the largest weight of Itron (NASDAQ:ITRI) stock in their portfolio include ALPS Clean Energy ETF (ACES), SmartETFs Sustainable Energy II ETF (SOLR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT), Invesco S&P SmallCap Information Technology ETF (PSCT), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG) and Horizon Kinetics Energy and Remediation ETF (NVIR).

Itron updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of 0.800-0.900 for the period, compared to the consensus estimate of 0.580. The company issued revenue guidance of $575.0 million-$585.0 million, compared to the consensus revenue estimate of $541.7 million.

3 employees have rated Itron Chief Executive Officer Tom Deitrich on Glassdoor.com. Tom Deitrich has an approval rating of 100% among the company's employees. This puts Tom Deitrich in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Itron investors own include NVIDIA (NVDA), Micron Technology (MU), AbbVie (ABBV), Advanced Micro Devices (AMD), Applied Materials (AMAT), QUALCOMM (QCOM), Xilinx (XLNX), Intel (INTC), AT&T (T) and Tesla (TSLA).

Itron's stock is owned by many different institutional and retail investors. Top institutional investors include Guinness Asset Management LTD (0.80%), AMI Asset Management Corp (0.08%), State of Alaska Department of Revenue (0.06%), Los Angeles Capital Management LLC (0.05%), Maryland State Retirement & Pension System (0.04%) and Guinness Atkinson Asset Management Inc (0.03%). Insiders that own company stock include Christopher E Ware, Donald L Reeves III, Jerome J Lande, Joan S Hooper, John F Marcolini, John F Marcolini, Lynda L Ziegler, Michel Cadieux, Sarah E Hlavinka, Thomas Deitrich and Thomas S Glanville.
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Shares of ITRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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