Itron (NASDAQ:ITRI) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided EPS guidance of $2.80-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.63. The company issued revenue guidance of $2.45-2.5 billion, compared to the consensus revenue estimate of $2.44 billion.Itron also updated its FY19 guidance to $2.80-3.00 EPS.
ITRI stock traded down $1.91 during trading hours on Monday, hitting $57.96. 250,600 shares of the stock were exchanged, compared to its average volume of 314,523. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.40 and a quick ratio of 1.07. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 0.91 and a beta of 1.20. The firm has a 50-day moving average price of $61.49. Itron has a 12 month low of $44.35 and a 12 month high of $66.95.
Itron (NASDAQ:ITRI) last issued its quarterly earnings results on Monday, August 5th. The scientific and technical instruments company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.39. Itron had a return on equity of 17.97% and a net margin of 1.87%. The company had revenue of $635.04 million for the quarter, compared to analysts’ expectations of $598.59 million. During the same quarter last year, the business earned $0.51 earnings per share. Itron’s revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Itron will post 2.63 EPS for the current year.
In related news, major shareholder Scopia Capital Management Lp sold 66,810 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $54.21, for a total value of $3,621,770.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Philip Mezey sold 31,414 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $62.98, for a total value of $1,978,453.72. Following the completion of the sale, the insider now directly owns 74,624 shares in the company, valued at $4,699,819.52. The disclosure for this sale can be found here. Insiders sold 233,608 shares of company stock worth $13,425,492 over the last ninety days. 2.35% of the stock is currently owned by insiders.
Itron, Inc, a technology and service company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.
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