Seaport Res Ptn Comments on Itron, Inc.’s Q4 2024 Earnings (NASDAQ:ITRI)

Itron, Inc. (NASDAQ:ITRI) – Investment analysts at Seaport Res Ptn increased their Q4 2024 earnings per share estimates for Itron in a report released on Wednesday, April 10th. Seaport Res Ptn analyst S. Graham now expects that the scientific and technical instruments company will earn $1.11 per share for the quarter, up from their previous estimate of $1.09. The consensus estimate for Itron’s current full-year earnings is $3.61 per share. Seaport Res Ptn also issued estimates for Itron’s Q4 2025 earnings at $1.29 EPS and FY2025 earnings at $4.44 EPS.

Several other equities research analysts have also commented on the company. Canaccord Genuity Group upgraded Itron from a “hold” rating to a “buy” rating and upped their target price for the company from $68.00 to $105.00 in a research report on Tuesday, February 27th. Piper Sandler cut their price target on Itron from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Thursday. Raymond James lowered Itron from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Canaccord Genuity Group upgraded Itron from a “hold” rating to a “buy” rating and increased their price target for the stock from $68.00 to $105.00 in a report on Tuesday, February 27th. Finally, Robert W. Baird increased their price target on Itron from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.60.

Itron Stock Up 1.9 %

Shares of Itron stock opened at $92.20 on Thursday. Itron has a one year low of $50.60 and a one year high of $96.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.95 and a quick ratio of 1.43. The stock’s 50-day moving average is $85.91 and its 200 day moving average is $73.52. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 43.90, a PEG ratio of 1.02 and a beta of 1.41.

Itron (NASDAQ:ITRI) last announced its earnings results on Monday, February 26th. The scientific and technical instruments company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.75 by $0.48. Itron had a return on equity of 12.27% and a net margin of 4.46%. The company had revenue of $577.17 million for the quarter, compared to analyst estimates of $569.90 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year.

Insider Activity at Itron

In related news, SVP Donald L. Reeves III sold 383 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total transaction of $28,866.71. Following the completion of the sale, the senior vice president now directly owns 8,708 shares of the company’s stock, valued at $656,321.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Itron news, Director Jerome J. Lande sold 14,896 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $95.25, for a total value of $1,418,844.00. Following the completion of the sale, the director now directly owns 5,750 shares of the company’s stock, valued at $547,687.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Donald L. Reeves III sold 383 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $75.37, for a total value of $28,866.71. Following the completion of the sale, the senior vice president now directly owns 8,708 shares of the company’s stock, valued at $656,321.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,467 shares of company stock valued at $2,752,520. 1.45% of the stock is owned by insiders.

Hedge Funds Weigh In On Itron

A number of large investors have recently made changes to their positions in ITRI. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Itron by 39.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 28,842 shares of the scientific and technical instruments company’s stock worth $1,519,000 after acquiring an additional 8,213 shares during the period. US Bancorp DE boosted its holdings in shares of Itron by 30.7% in the first quarter. US Bancorp DE now owns 1,040 shares of the scientific and technical instruments company’s stock worth $54,000 after acquiring an additional 244 shares during the period. Private Advisor Group LLC bought a new position in shares of Itron in the first quarter worth $299,000. Natixis Advisors L.P. boosted its holdings in shares of Itron by 10.4% in the first quarter. Natixis Advisors L.P. now owns 13,291 shares of the scientific and technical instruments company’s stock worth $700,000 after acquiring an additional 1,256 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Itron by 57.2% in the first quarter. MetLife Investment Management LLC now owns 24,551 shares of the scientific and technical instruments company’s stock worth $1,293,000 after acquiring an additional 8,938 shares during the period. 96.19% of the stock is owned by institutional investors.

Itron Company Profile

Itron, Inc, a technology, solutions, and service company, provides end-to-end solutions that help manage energy, water, and smart city operations worldwide. It operates in three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing, such as standard gas, electricity, water, and communicating meters, as well as heat and allocation products.