Key Points
- CFO Joan Hooper sold 948 shares on Nov. 24 at an average $96.51 for about $91,491, cutting her stake by 1.07% to 87,446 shares, according to an SEC Form 4 filing.
- Itron beat quarterly EPS ($1.54 vs. $1.48) but revenue declined 5.5% year-over-year to $581.6M, and the company issued FY2025 guidance of 6.84–6.94 EPS with Q4 guidance of 2.15–2.25 EPS.
- The stock trades near $97 (market cap ~$4.44B) with 50- and 200-day moving averages well above current price, analysts show a "Moderate Buy" consensus with an average price target of $139, and institutions own about 96% of the shares.
Itron, Inc. (NASDAQ:ITRI - Get Free Report) CAO David Marshall Wright sold 104 shares of the company's stock in a transaction on Monday, November 24th. The stock was sold at an average price of $96.51, for a total value of $10,037.04. Following the sale, the chief accounting officer owned 7,581 shares of the company's stock, valued at approximately $731,642.31. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Itron Stock Performance
NASDAQ:ITRI opened at $96.98 on Wednesday. Itron, Inc. has a twelve month low of $90.11 and a twelve month high of $142.00. The company has a quick ratio of 1.75, a current ratio of 2.04 and a debt-to-equity ratio of 0.48. The stock's 50-day simple moving average is $117.70 and its 200 day simple moving average is $122.47. The firm has a market capitalization of $4.44 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 0.76 and a beta of 1.52.
Itron (NASDAQ:ITRI - Get Free Report) last posted its earnings results on Thursday, October 30th. The scientific and technical instruments company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.06. Itron had a net margin of 11.05% and a return on equity of 19.69%. The firm had revenue of $581.63 million during the quarter, compared to analysts' expectations of $578.49 million. During the same quarter in the prior year, the business earned $1.84 earnings per share. The business'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. On average, analysts anticipate that Itron, Inc. will post 5.33 EPS for the current fiscal year.
Institutional Investors Weigh In On Itron
Institutional investors have recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Itron in the second quarter valued at about $30,000. Bessemer Group Inc. boosted its holdings in Itron by 125.7% in the second quarter. Bessemer Group Inc. now owns 255 shares of the scientific and technical instruments company's stock valued at $34,000 after acquiring an additional 142 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Itron in the third quarter valued at approximately $32,000. Optiver Holding B.V. acquired a new stake in Itron during the 3rd quarter valued at approximately $36,000. Finally, Salomon & Ludwin LLC bought a new position in Itron during the 3rd quarter worth approximately $42,000. Institutional investors own 96.19% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ITRI. Robert W. Baird restated a "neutral" rating and issued a $118.00 target price (down previously from $137.00) on shares of Itron in a research report on Friday, October 31st. JPMorgan Chase & Co. upped their price target on shares of Itron from $145.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, October 16th. Oppenheimer set a $145.00 price objective on Itron and gave the company an "outperform" rating in a report on Friday, October 31st. Zacks Research lowered Itron from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 12th. Finally, Baird R W cut Itron from a "strong-buy" rating to a "hold" rating in a report on Friday, October 31st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Itron presently has an average rating of "Moderate Buy" and a consensus target price of $139.00.
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About Itron
(
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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.
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