Itron, Inc. (NASDAQ:ITRI – Get Free Report) SVP Christopher Ware sold 195 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $97.83, for a total transaction of $19,076.85. Following the transaction, the senior vice president directly owned 30,116 shares in the company, valued at $2,946,248.28. The trade was a 0.64% decrease in their ownership of the stock. The transaction 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
NASDAQ ITRI opened at $98.69 on Tuesday. Itron, Inc. has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The stock’s 50-day moving average is $90.88 and its two-hundred day moving average is $90.09. The firm has a market cap of $4.32 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.75 and a quick ratio of 2.29.
Itron (NASDAQ:ITRI – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.30. The company had revenue of $562.90 million during the quarter, compared to the consensus estimate of $566.34 million. Itron had a return on equity of 19.26% and a net margin of 11.90%.The firm’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. On average, analysts anticipate that Itron, Inc. will post 6.4 earnings per share for the current fiscal year.
Institutional Trading of Itron
Wall Street Analysts Forecast Growth
ITRI has been the topic of several analyst reports. Needham & Company LLC increased their price target on Itron from $116.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Zacks Research upgraded shares of Itron from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Stephens reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. TD Cowen lowered their target price on shares of Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Robert W. Baird set a $125.00 target price on shares of Itron in a report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.
Read Our Latest Research Report on Itron
Key Stories Impacting Itron
Here are the key news stories impacting Itron this week:
- Neutral Sentiment: CFO Joan S. Hooper sold 4,406 shares for approximately $435,577, while six senior vice presidents and the chief accounting officer collectively sold another 1,213 shares for about $118,667. The executives retained substantial holdings after the transactions, which limits the signal that management is broadly reducing its exposure. SEC Form 4 filing
- Negative Sentiment: The cluster of insider-sale disclosures may pressure investor sentiment and contribute to weakness in ITRI, particularly because the sales occurred near $98 per share. Still, the tax-withholding explanation makes the transactions less concerning than open-market sales reflecting a negative view of the business. SEC Form 4 filing
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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