Seaport Res Ptn Issues Negative Outlook for Itron Earnings

Itron, Inc. (NASDAQ:ITRI) – Stock analysts at Seaport Res Ptn reduced their Q2 2026 earnings per share (EPS) estimates for shares of Itron in a report issued on Monday, November 24th. Seaport Res Ptn analyst S. Graham now forecasts that the scientific and technical instruments company will post earnings per share of $1.47 for the quarter, down from their prior forecast of $1.52. The consensus estimate for Itron’s current full-year earnings is $5.33 per share. Seaport Res Ptn also issued estimates for Itron’s Q4 2026 earnings at $1.54 EPS and FY2026 earnings at $5.96 EPS.

ITRI has been the subject of a number of other reports. Zacks Research lowered shares of Itron from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Wall Street Zen upgraded shares of Itron from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Argus reissued a “hold” rating on shares of Itron in a research report on Tuesday, November 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $118.00 price objective (down from $137.00) on shares of Itron in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Itron in a report on Tuesday. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.00.

Itron Price Performance

ITRI opened at $98.56 on Wednesday. The firm has a market cap of $4.51 billion, a PE ratio of 16.85, a P/E/G ratio of 0.76 and a beta of 1.52. The stock has a 50-day moving average price of $117.31 and a 200-day moving average price of $122.31. Itron has a 1 year low of $90.11 and a 1 year high of $142.00. 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 (NASDAQ:ITRI) last released its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.48 by $0.06. Itron had a return on equity of 19.69% and a net margin of 11.05%.The business had revenue of $581.63 million for the quarter, compared to the consensus estimate of $578.49 million. During the same period in the previous year, the company posted $1.84 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. Itron has set its FY 2025 guidance at 6.840-6.940 EPS. Q4 2025 guidance at 2.150-2.250 EPS.

Hedge Funds Weigh In On Itron

Several large investors have recently made changes to their positions in ITRI. Vanguard Group Inc. grew its position in shares of Itron by 2.3% during the third quarter. Vanguard Group Inc. now owns 5,875,153 shares of the scientific and technical instruments company’s stock worth $731,809,000 after purchasing an additional 132,329 shares in the last quarter. Invesco Ltd. boosted its stake in Itron by 2.7% in the 1st quarter. Invesco Ltd. now owns 2,310,769 shares of the scientific and technical instruments company’s stock worth $242,076,000 after purchasing an additional 59,962 shares during the period. Impax Asset Management Group plc grew its holdings in Itron by 127.3% during the 3rd quarter. Impax Asset Management Group plc now owns 1,588,950 shares of the scientific and technical instruments company’s stock valued at $197,153,000 after buying an additional 890,040 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Itron by 2.0% during the second quarter. Geode Capital Management LLC now owns 1,109,851 shares of the scientific and technical instruments company’s stock valued at $146,107,000 after buying an additional 21,925 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Itron by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,076,274 shares of the scientific and technical instruments company’s stock worth $134,058,000 after buying an additional 16,261 shares in the last quarter. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Joan S. Hooper sold 948 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $96.51, for a total value of $91,491.48. Following the completion of the transaction, the chief financial officer owned 87,446 shares of the company’s stock, valued at approximately $8,439,413.46. This represents a 1.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Christopher E. Ware sold 343 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $33,102.93. Following the completion of the sale, the senior vice president owned 18,774 shares of the company’s stock, valued at $1,811,878.74. The trade was a 1.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 2,971 shares of company stock valued at $286,731. Insiders own 1.45% of the company’s stock.

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.