Itron (NASDAQ:ITRI) Releases FY 2026 Earnings Guidance

Itron (NASDAQ:ITRI) updated its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 6.300-6.500 for the period, compared to the consensus estimate of 5.980. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Itron also updated its Q3 2026 guidance to 1.500-1.600 EPS.

Itron Stock Performance

Shares of ITRI stock opened at $84.78 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.24 and a current ratio of 2.66. The firm has a market cap of $3.76 billion, a P/E ratio of 13.52, a P/E/G ratio of 0.74 and a beta of 1.32. The firm’s 50 day moving average price is $83.04 and its 200-day moving average price is $89.73. Itron has a one year low of $77.77 and a one year high of $142.00.

Itron (NASDAQ:ITRI) last posted its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.23. The firm had revenue of $586.98 million during the quarter, compared to the consensus estimate of $572.04 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. As a group, equities research analysts predict that Itron will post 6.01 EPS for the current year.

Analyst Ratings Changes

ITRI has been the subject of several research analyst reports. Stephens restated an “overweight” rating and set a $130.00 price target on shares of Itron in a research report on Wednesday, May 20th. Zacks Research downgraded Itron from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. TD Cowen decreased their target price on Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Oppenheimer raised their target price on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. dropped their target price on Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $131.22.

Insider Buying and Selling at Itron

In other Itron news, SVP John F. Marcolini sold 322 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $27,167.14. Following the completion of the transaction, the senior vice president owned 24,689 shares of the company’s stock, valued at $2,083,010.93. This trade represents a 1.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $37,291.54. Following the completion of the transaction, the chief financial officer owned 117,478 shares of the company’s stock, valued at approximately $9,911,618.86. This trade represents a 0.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 3,946 shares of company stock valued at $324,420 in the last 90 days. Company insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in Itron by 25.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 81 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Itron by 29.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. Xponance LLC boosted its stake in shares of Itron by 3.2% in the 4th quarter. Xponance LLC now owns 3,877 shares of the scientific and technical instruments company’s stock valued at $360,000 after buying an additional 120 shares during the period. Maryland State Retirement & Pension System boosted its stake in shares of Itron by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 6,718 shares of the scientific and technical instruments company’s stock valued at $624,000 after buying an additional 146 shares during the period. Finally, Lido Advisors LLC grew its position in shares of Itron by 6.2% during the third quarter. Lido Advisors LLC now owns 2,518 shares of the scientific and technical instruments company’s stock worth $314,000 after buying an additional 147 shares in the last quarter. 96.19% of the stock is owned by institutional investors and hedge funds.

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.