Itron, Inc. (NASDAQ:ITRI – Get Free Report) SVP John Marcolini sold 267 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $79.60, for a total value of $21,253.20. Following the completion of the sale, the senior vice president directly owned 25,011 shares of the company’s stock, valued at $1,990,875.60. This represents a 1.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Itron Price Performance
Shares of NASDAQ:ITRI opened at $83.02 on Friday. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The business has a 50-day moving average of $88.45 and a two-hundred day moving average of $94.52. The stock has a market capitalization of $3.68 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.73 and a beta of 1.35. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24.
Itron (NASDAQ:ITRI – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The company had revenue of $586.98 million during the quarter, compared to analysts’ expectations of $572.04 million. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Itron has set its Q2 2026 guidance at 1.250-1.350 EPS. On average, equities research analysts predict that Itron, Inc. will post 6.01 EPS for the current fiscal year.
Hedge Funds Weigh In On Itron
Itron News Summary
Here are the key news stories impacting Itron this week:
- Positive Sentiment: Stephens reiterated an Overweight rating on Itron and kept a $130 price target, signaling substantial upside versus recent trading levels.
- Neutral Sentiment: Several Itron executives sold small amounts of stock, but the filings say the shares were sold mainly to cover tax withholding tied to equity award vesting, which makes the insider activity look routine rather than a major red flag.
- Negative Sentiment: Zacks Research cut multiple future earnings estimates for Itron, including a sharp reduction to Q4 2027 EPS and a lower FY2027 outlook, suggesting softer profit growth ahead.
Wall Street Analysts Forecast Growth
ITRI has been the subject of a number of analyst reports. Zacks Research raised Itron from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. TD Cowen reduced their price target on Itron from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Robert W. Baird set a $128.00 price target on Itron and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price target on Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Itron in a research report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Itron currently has an average rating of “Moderate Buy” and a consensus price target of $131.22.
Check Out Our Latest Analysis on ITRI
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.
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