Itron, Inc. (NASDAQ:ITRI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Itron, Inc. (NASDAQ:ITRI) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $139.00.

A number of equities analysts have issued reports on ITRI shares. Oppenheimer set a $145.00 target price on shares of Itron and gave the stock an “outperform” rating in a research report on Friday, October 31st. 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 research note on Thursday, October 16th. Robert W. Baird restated a “neutral” rating and set a $118.00 price objective (down from $137.00) on shares of Itron in a research report on Friday, October 31st. Argus reiterated a “hold” rating on shares of Itron in a report on Tuesday, November 4th. Finally, Johnson Rice downgraded Itron from a “buy” rating to an “accumulate” rating in a research report on Friday, August 1st.

Insider Transactions at Itron

In related news, CFO Joan S. Hooper sold 970 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $125.31, for a total transaction of $121,550.70. Following the transaction, the chief financial officer owned 88,394 shares of the company’s stock, valued at approximately $11,076,652.14. This represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Donald L. Reeves III sold 547 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $125.31, for a total value of $68,544.57. Following the completion of the transaction, the senior vice president owned 19,604 shares of the company’s stock, valued at $2,456,577.24. This trade represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,037 shares of company stock worth $380,566 in the last ninety days. Company insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Itron

A number of institutional investors have recently added to or reduced their stakes in ITRI. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Itron during the second quarter worth about $30,000. Bessemer Group Inc. increased its holdings in Itron by 125.7% during the 2nd quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 142 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in Itron during the 3rd quarter worth approximately $32,000. Optiver Holding B.V. acquired a new position in shares of Itron in the 3rd quarter valued at approximately $36,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of Itron during the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 96.19% of the company’s stock.

Itron Stock Performance

Shares of ITRI stock opened at $98.46 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $120.95 and a 200-day simple moving average of $122.96. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 0.76 and a beta of 1.52. Itron has a 12-month low of $90.11 and a 12-month high of $142.00.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, October 30th. The scientific and technical instruments company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. Itron had a return on equity of 19.69% and a net margin of 11.05%.The firm had revenue of $581.63 million for the quarter, compared to analyst estimates of $578.49 million. During the same quarter in the prior year, the company posted $1.84 earnings per share. Itron’s quarterly revenue was down 5.5% on a year-over-year basis. Itron has set its FY 2025 guidance at 6.840-6.940 EPS. Q4 2025 guidance at 2.150-2.250 EPS. On average, equities analysts forecast that Itron will post 5.33 EPS for the current year.

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.