Itron (NASDAQ:ITRI) Announces Earnings Results, Beats Estimates By $0.30 EPS

Itron (NASDAQ:ITRI) released its earnings results on Tuesday. The scientific and technical instruments company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.05 by $0.30, Zacks reports. Itron had a net margin of 9.37% and a return on equity of 19.03%. Itron updated its FY 2025 guidance to 5.200-5.600 EPS and its Q1 2025 guidance to 1.250-1.350 EPS.

Itron Stock Performance

Shares of NASDAQ ITRI opened at $103.29 on Tuesday. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 0.81 and a beta of 1.46. Itron has a one year low of $83.60 and a one year high of $124.90. The business has a fifty day simple moving average of $105.19 and a 200 day simple moving average of $106.82. The company has a current ratio of 3.36, a quick ratio of 2.83 and a debt-to-equity ratio of 0.91.

Analyst Ratings Changes

A number of research firms recently commented on ITRI. TD Cowen raised their price objective on shares of Itron from $125.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler raised their target price on Itron from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Roth Mkm upped their price target on shares of Itron from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised shares of Itron from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Guggenheim boosted their price objective on shares of Itron from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.92.

Itron Company Profile

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.