Itron (NASDAQ:ITRI) Issues Q4 2024 Earnings Guidance

Itron (NASDAQ:ITRI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.000-1.100 for the period, compared to the consensus EPS estimate of 1.010. The company issued revenue guidance of $600.0 million-$610.0 million, compared to the consensus revenue estimate of $596.5 million. Itron also updated its FY 2024 guidance to 5.280-5.380 EPS.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stephens reiterated an “equal weight” rating and issued a $110.00 price target on shares of Itron in a research report on Monday, August 5th. Robert W. Baird upped their price objective on shares of Itron from $123.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday. Janney Montgomery Scott initiated coverage on Itron in a research note on Friday, September 27th. They set a “buy” rating and a $131.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Itron from $104.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Finally, Roth Mkm boosted their price objective on Itron from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Itron presently has a consensus rating of “Moderate Buy” and an average target price of $123.50.

Itron Stock Up 0.0 %

Itron stock traded up $0.05 during mid-day trading on Friday, reaching $111.81. The company’s stock had a trading volume of 963,729 shares, compared to its average volume of 495,505. The business’s 50 day simple moving average is $103.88 and its 200 day simple moving average is $102.65. Itron has a 12 month low of $58.88 and a 12 month high of $116.39. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.61 and a current ratio of 3.36. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, October 31st. The scientific and technical instruments company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.71. The company had revenue of $615.46 million for the quarter, compared to analysts’ expectations of $596.41 million. Itron had a return on equity of 19.03% and a net margin of 9.37%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. As a group, research analysts anticipate that Itron will post 4.58 earnings per share for the current year.

Insider Activity

In other Itron news, CEO Thomas Deitrich sold 887 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $102.15, for a total transaction of $90,607.05. Following the completion of the sale, the chief executive officer now owns 205,276 shares of the company’s stock, valued at $20,968,943.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Thomas Deitrich sold 887 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $102.15, for a total value of $90,607.05. Following the transaction, the chief executive officer now owns 205,276 shares of the company’s stock, valued at approximately $20,968,943.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joan S. Hooper sold 509 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $102.15, for a total value of $51,994.35. Following the transaction, the chief financial officer now owns 72,338 shares in the company, valued at approximately $7,389,326.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,276 shares of company stock valued at $4,515,846 in the last quarter. Company insiders own 1.45% of the company’s stock.

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.