Itron, Inc. (NASDAQ:ITRI) – Equities research analysts at Gabelli increased their FY2021 earnings estimates for Itron in a research note issued on Tuesday. Gabelli analyst J. Garza now forecasts that the scientific and technical instruments company will post earnings per share of $4.90 for the year, up from their previous estimate of $4.40.

Itron (NASDAQ:ITRI) last announced its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. Itron had a return on equity of 15.43% and a net margin of 1.60%. The business had revenue of $503.10 million for the quarter, compared to analyst estimates of $491.80 million. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year.

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Other equities research analysts have also recently issued reports about the stock. Cowen and Company set a $60.00 price target on shares of Itron and gave the company a “hold” rating in a report on Friday, July 21st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $78.00 price objective (up previously from $75.00) on shares of Itron in a research report on Friday, August 4th. Robert W. Baird reaffirmed a “hold” rating and set a $77.00 price objective on shares of Itron in a research report on Tuesday, September 12th. BidaskClub lowered shares of Itron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Canaccord Genuity lowered shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 price objective for the company. in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $80.22.

Shares of Itron (ITRI) traded up 0.9889% during mid-day trading on Thursday, hitting $76.6001. The stock had a trading volume of 63,307 shares. The firm’s 50 day moving average price is $72.49 and its 200-day moving average price is $67.47. The company has a market cap of $2.96 billion, a PE ratio of 94.8021 and a beta of 1.08. Itron has a one year low of $51.55 and a one year high of $77.40.

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in Itron by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after buying an additional 31 shares during the last quarter. Pacad Investment Ltd. grew its stake in Itron by 21.4% during the second quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 300 shares during the last quarter. LS Investment Advisors LLC grew its stake in Itron by 56.2% during the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 681 shares during the last quarter. Riverhead Capital Management LLC grew its stake in Itron by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the scientific and technical instruments company’s stock worth $142,000 after buying an additional 897 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Itron by 1.5% during the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 36 shares during the last quarter. 93.66% of the stock is currently owned by hedge funds and other institutional investors.

About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

Earnings History and Estimates for Itron (NASDAQ:ITRI)

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