Itron (NASDAQ:ITRI) updated its FY19 earnings guidance on Monday. 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 $2.45-2.50 billion, compared to the consensus revenue estimate of $2.44 billion.Itron also updated its FY 2019 guidance to $2.80-3.00 EPS.
A number of research firms have recently weighed in on ITRI. Oppenheimer boosted their target price on Itron from $60.00 to $68.00 and gave the stock an outperform rating in a research report on Tuesday, May 7th. BidaskClub upgraded Itron from a hold rating to a buy rating in a research report on Friday. ValuEngine upgraded Itron from a sell rating to a hold rating in a research report on Wednesday, May 8th. Citigroup boosted their target price on Itron from $68.00 to $75.00 and gave the stock an outperform rating in a research report on Monday, July 1st. Finally, Stephens began coverage on Itron in a research report on Monday, July 8th. They set an equal weight rating and a $64.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $68.70.
Shares of ITRI stock traded up $9.90 on Tuesday, reaching $67.86. 966,900 shares of the stock were exchanged, compared to its average volume of 318,881. The firm’s 50 day moving average price is $61.63. The company has a market capitalization of $2.28 billion, a PE ratio of 25.61, a PEG ratio of 0.91 and a beta of 1.20. The company has a current ratio of 1.40, a quick ratio of 1.07 and a debt-to-equity ratio of 1.43. Itron has a one year low of $44.35 and a one year high of $67.91.
In related news, major shareholder Scopia Capital Management Lp sold 55,086 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $57.45, for a total value of $3,164,690.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Philip Mezey sold 31,414 shares of the company’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 owns 74,624 shares of the company’s stock, valued at approximately $4,699,819.52. The disclosure for this sale can be found here. Insiders sold 135,593 shares of company stock valued at $7,960,442 in the last quarter. 2.35% of the stock is currently owned by corporate insiders.
Itron Company Profile
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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