Wall Street brokerages predict that Itron, Inc. (NASDAQ:ITRI) will post sales of $539.90 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Itron’s earnings, with the highest sales estimate coming in at $541.10 million and the lowest estimate coming in at $538.70 million. Itron posted sales of $495.71 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.9%. The business is scheduled to announce its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Itron will report full-year sales of $539.90 million for the current year, with estimates ranging from $2.01 billion to $2.02 billion. For the next year, analysts expect that the firm will report sales of $2.11 billion per share, with estimates ranging from $2.10 billion to $2.13 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Itron.

Itron (NASDAQ:ITRI) last posted its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.12). The firm had revenue of $486.75 million during the quarter, compared to analysts’ expectations of $526.55 million. Itron had a return on equity of 14.84% and a net margin of 3.42%. Itron’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share.

A number of equities research analysts have issued reports on ITRI shares. Canaccord Genuity downgraded Itron from a “buy” rating to a “hold” rating and set a $78.00 price objective on the stock. in a research report on Tuesday, September 19th. Robert W. Baird restated a “hold” rating and set a $77.00 price objective on shares of Itron in a research report on Tuesday, September 12th. JMP Securities set a $102.00 price objective on Itron and gave the company a “buy” rating in a research report on Thursday, October 12th. Needham & Company LLC restated a “buy” rating and set a $84.00 price objective on shares of Itron in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded Itron from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $81.78.

Shares of Itron (NASDAQ ITRI) opened at $70.55 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.26. The company has a market capitalization of $2,689.47, a PE ratio of 25.44, a P/E/G ratio of 1.11 and a beta of 1.00. Itron has a 52-week low of $57.80 and a 52-week high of $79.95.

In related news, major shareholder Scopia Capital Management Lp acquired 75,193 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were acquired at an average cost of $67.34 per share, for a total transaction of $5,063,496.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.03% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of 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 valued at $109,000 after buying an additional 31 shares during the last quarter. Hanseatic Management Services Inc. grew its stake in shares of Itron by 0.3% during the second quarter. Hanseatic Management Services Inc. now owns 23,807 shares of the scientific and technical instruments company’s stock valued at $1,613,000 after buying an additional 61 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of Itron by 0.5% during the second quarter. Systematic Financial Management LP now owns 26,495 shares of the scientific and technical instruments company’s stock valued at $1,795,000 after buying an additional 120 shares during the last quarter. CWH Capital Management Inc. grew its stake in shares of Itron by 4.5% during the second quarter. CWH Capital Management Inc. now owns 4,690 shares of the scientific and technical instruments company’s stock valued at $318,000 after buying an additional 200 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Itron by 1.2% during the second quarter. Arizona State Retirement System now owns 17,534 shares of the scientific and technical instruments company’s stock valued at $1,188,000 after buying an additional 200 shares during the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

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Itron Company Profile

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.

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Earnings History and Estimates for Itron (NASDAQ:ITRI)

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