Zacks Research Has Positive Outlook of Itron FY2026 Earnings

Itron, Inc. (NASDAQ:ITRI) – Stock analysts at Zacks Research lifted their FY2026 earnings estimates for shares of Itron in a research report issued to clients and investors on Wednesday, October 15th. Zacks Research analyst Team now expects that the scientific and technical instruments company will post earnings per share of $6.03 for the year, up from their prior estimate of $6.01. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Itron’s current full-year earnings is $5.33 per share. Zacks Research also issued estimates for Itron’s Q4 2026 earnings at $1.53 EPS and Q3 2027 earnings at $1.79 EPS.

Several other brokerages have also weighed in on ITRI. JPMorgan Chase & Co. raised their price objective on shares of Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday. Johnson Rice lowered shares of Itron from a “buy” rating to an “accumulate” rating in a report on Friday, August 1st. TD Cowen raised their price objective on shares of Itron from $139.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, June 20th. Wall Street Zen raised shares of Itron from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Itron in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.10.

Itron Price Performance

Shares of ITRI stock opened at $134.25 on Thursday. The firm has a market cap of $6.14 billion, a P/E ratio of 22.95, a P/E/G ratio of 0.73 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.04 and a quick ratio of 1.75. Itron has a 1-year low of $90.11 and a 1-year high of $140.04. The firm has a fifty day moving average of $123.96 and a two-hundred day moving average of $120.50.

Itron (NASDAQ:ITRI) last released its quarterly earnings results on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The business had revenue of $606.76 million during the quarter, compared to analyst estimates of $610.36 million. Itron had a net margin of 11.05% and a return on equity of 19.69%. The business’s revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $1.21 EPS. Itron has set its FY 2025 guidance at 6.000-6.200 EPS. Q3 2025 guidance at 1.450-1.550 EPS.

Institutional Trading of Itron

Hedge funds have recently bought and sold shares of the company. Sowell Financial Services LLC bought a new stake in Itron in the 1st quarter valued at about $266,000. Envestnet Asset Management Inc. lifted its position in Itron by 119.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company’s stock valued at $8,073,000 after purchasing an additional 41,984 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Itron by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,278 shares of the scientific and technical instruments company’s stock valued at $658,000 after purchasing an additional 2,201 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Itron by 52.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock valued at $163,000 after purchasing an additional 427 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Itron by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 270,672 shares of the scientific and technical instruments company’s stock valued at $28,356,000 after purchasing an additional 6,700 shares during the last quarter. 96.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Itron

In other news, SVP Donald L. Reeves III sold 547 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $68,544.57. Following the sale, the senior vice president directly owned 19,604 shares in the company, valued at approximately $2,456,577.24. This represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Justin K. Patrick sold 388 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $48,620.28. Following the sale, the senior vice president owned 20,761 shares in the company, valued at $2,601,560.91. The trade was a 1.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,037 shares of company stock worth $380,566. Corporate insiders own 1.45% of the company’s stock.

About Itron

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.