Itron (NASDAQ:ITRI) issued an update on its FY 2018 earnings guidance on Monday morning. The company provided EPS guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.81. The company issued revenue guidance of $2.37-2.39 billion, compared to the consensus revenue estimate of $2.44 billion.Itron also updated its FY18 guidance to $2.40-2.50 EPS.
NASDAQ ITRI traded up $3.11 during trading on Wednesday, reaching $54.80. The company’s stock had a trading volume of 12,562 shares, compared to its average volume of 245,708. Itron has a 1-year low of $49.59 and a 1-year high of $77.40. The stock has a market capitalization of $2.14 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 0.93 and a beta of 1.10. The company has a quick ratio of 1.18, a current ratio of 1.51 and a debt-to-equity ratio of 1.61.
Itron (NASDAQ:ITRI) last released its quarterly earnings results on Monday, November 5th. The scientific and technical instruments company reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.24. Itron had a negative net margin of 5.18% and a positive return on equity of 12.86%. The company had revenue of $595.96 million for the quarter, compared to analyst estimates of $604.98 million. During the same quarter last year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. As a group, equities analysts anticipate that Itron will post 2.79 EPS for the current year.
In related news, insider Philip Mezey sold 16,694 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $65.04, for a total transaction of $1,085,777.76. Following the transaction, the insider now owns 93,341 shares of the company’s stock, valued at $6,070,898.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.32% of the company’s stock.
Itron Company Profile
Itron, Inc, a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.
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