Itron (ITRI) Issues FY 2018 Earnings Guidance

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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.

A number of equities analysts have recently commented on ITRI shares. Guggenheim set a $73.00 price target on shares of Itron and gave the company a buy rating in a research report on Monday, August 6th. Cowen set a $80.00 price target on shares of Itron and gave the company a buy rating in a research report on Monday, August 6th. Argus raised shares of Itron from a hold rating to a buy rating and set a $72.00 price target on the stock in a research report on Wednesday, August 22nd. JMP Securities set a $80.00 price target on shares of Itron and gave the company a buy rating in a research report on Tuesday. Finally, Zacks Investment Research raised shares of Itron from a sell rating to a hold rating in a research report on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Itron has a consensus rating of Buy and a consensus target price of $77.00.

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.

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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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Earnings History and Estimates for Itron (NASDAQ:ITRI)

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