Itron, Inc. to Post Q4 2024 Earnings of $0.98 Per Share, Roth Capital Forecasts (NASDAQ:ITRI)

Itron, Inc. (NASDAQ:ITRI) – Stock analysts at Roth Capital raised their Q4 2024 earnings per share (EPS) estimates for shares of Itron in a note issued to investors on Friday, August 2nd. Roth Capital analyst C. Moore now forecasts that the scientific and technical instruments company will post earnings per share of $0.98 for the quarter, up from their prior forecast of $0.93. The consensus estimate for Itron’s current full-year earnings is $4.55 per share. Roth Capital also issued estimates for Itron’s Q1 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.22 EPS, FY2025 earnings at $4.55 EPS and FY2026 earnings at $5.18 EPS.

Several other equities analysts have also commented on the company. Guggenheim raised Itron from a “neutral” rating to a “buy” rating and set a $130.00 target price for the company in a report on Thursday, July 11th. TD Cowen upped their price objective on Itron from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Roth Mkm raised their target price on Itron from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Oppenheimer upped their price target on shares of Itron from $110.00 to $112.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Finally, Piper Sandler increased their price objective on shares of Itron from $109.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.00.

Itron Price Performance

Shares of NASDAQ:ITRI opened at $97.77 on Monday. The company has a market cap of $4.48 billion, a PE ratio of 28.09, a P/E/G ratio of 0.91 and a beta of 1.45. Itron has a fifty-two week low of $56.11 and a fifty-two week high of $113.07. The firm has a 50-day simple moving average of $102.90 and a 200 day simple moving average of $94.72. The company has a quick ratio of 1.40, a current ratio of 3.16 and a debt-to-equity ratio of 0.98.

Itron (NASDAQ:ITRI) last announced its quarterly earnings data on Thursday, August 1st. The scientific and technical instruments company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.25. Itron had a return on equity of 16.42% and a net margin of 7.98%. The firm had revenue of $609.07 million for the quarter, compared to analysts’ expectations of $599.25 million. During the same period last year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis.

Insiders Place Their Bets

In related news, CEO Thomas Deitrich sold 873 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $108.87, for a total value of $95,043.51. Following the completion of the sale, the chief executive officer now owns 206,163 shares in the company, valued at approximately $22,444,965.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Christopher E. Ware sold 311 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $106.84, for a total transaction of $33,227.24. Following the completion of the sale, the senior vice president now directly owns 15,371 shares in the company, valued at $1,642,237.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas Deitrich sold 873 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $108.87, for a total transaction of $95,043.51. Following the completion of the transaction, the chief executive officer now owns 206,163 shares in the company, valued at approximately $22,444,965.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,775 shares of company stock worth $192,613. Company insiders own 1.45% of the company’s stock.

Institutional Trading of Itron

A number of institutional investors have recently bought and sold shares of ITRI. Vanguard Group Inc. lifted its holdings in shares of Itron by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,701,337 shares of the scientific and technical instruments company’s stock valued at $527,488,000 after buying an additional 45,909 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Itron by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,681,573 shares of the scientific and technical instruments company’s stock valued at $126,978,000 after acquiring an additional 51,874 shares during the last quarter. Vontobel Holding Ltd. grew its position in Itron by 16.0% in the fourth quarter. Vontobel Holding Ltd. now owns 804,648 shares of the scientific and technical instruments company’s stock worth $60,759,000 after acquiring an additional 110,849 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Itron by 2.2% during the 1st quarter. Janus Henderson Group PLC now owns 542,943 shares of the scientific and technical instruments company’s stock worth $50,233,000 after purchasing an additional 11,918 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Itron by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 518,157 shares of the scientific and technical instruments company’s stock valued at $39,126,000 after purchasing an additional 15,157 shares in the last quarter. Institutional investors and hedge funds own 96.19% 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.