Zacks Research Has Pessimistic Outlook of Itron Q1 Earnings

Itron, Inc. (NASDAQ:ITRI) – Zacks Research decreased their Q1 2027 earnings per share (EPS) estimates for shares of Itron in a research note issued to investors on Wednesday, October 15th. Zacks Research analyst Team now forecasts that the scientific and technical instruments company will post earnings per share of $1.69 for the quarter, down from their previous forecast of $1.70. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Itron’s current full-year earnings is $5.33 per share.

Several other equities research analysts have also weighed in on ITRI. Wall Street Zen lowered Itron from a “buy” rating to a “hold” rating in a research note on Saturday. Roth Capital raised their price objective on Itron from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on Itron from $145.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday. Johnson Rice lowered Itron from a “buy” rating to an “accumulate” rating in a report on Friday, August 1st. Finally, Stephens restated an “equal weight” rating and issued a $130.00 target price on shares of Itron in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.10.

Itron Stock Performance

ITRI opened at $131.33 on Friday. The firm has a market cap of $6.00 billion, a PE ratio of 22.45, a P/E/G ratio of 0.72 and a beta of 1.48. The company has a quick ratio of 1.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $124.08 and a 200-day simple moving average of $120.76. Itron has a fifty-two week low of $90.11 and a fifty-two week high of $140.04.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Thursday, July 31st. The scientific and technical instruments company reported $1.62 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 19.69% and a net margin of 11.05%.The company’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $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 and other institutional investors have recently modified their holdings of the company. Sowell Financial Services LLC purchased a new stake in shares of Itron during the first quarter worth $266,000. Envestnet Asset Management Inc. raised its holdings in shares of Itron by 119.7% during the first quarter. Envestnet Asset Management Inc. now owns 77,060 shares of the scientific and technical instruments company’s stock worth $8,073,000 after acquiring an additional 41,984 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Itron by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,278 shares of the scientific and technical instruments company’s stock worth $658,000 after acquiring an additional 2,201 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Itron by 52.5% during the second quarter. Farther Finance Advisors LLC now owns 1,240 shares of the scientific and technical instruments company’s stock worth $163,000 after acquiring an additional 427 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Itron by 2.5% during the first quarter. Principal Financial Group Inc. now owns 270,672 shares of the scientific and technical instruments company’s stock worth $28,356,000 after acquiring an additional 6,700 shares in the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Justin K. Patrick sold 388 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total transaction of $48,620.28. Following the completion of the sale, the senior vice president directly owned 20,761 shares in the company, valued at approximately $2,601,560.91. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John F. Marcolini sold 565 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $125.31, for a total value of $70,800.15. Following the sale, the senior vice president owned 14,396 shares of the company’s stock, valued at approximately $1,803,962.76. This represents a 3.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,037 shares of company stock valued at $380,566. 1.45% of the stock is currently owned by company insiders.

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.