Itron, Inc. (NASDAQ:ITRI) – Oppenheimer Holdings boosted their FY2017 earnings per share (EPS) estimates for Itron in a report released on Monday. Oppenheimer Holdings analyst N. Kaye now forecasts that the scientific and technical instruments company will earn $3.06 per share for the year, up from their previous forecast of $3.05. Oppenheimer Holdings currently has a “Outperform” rating and a $78.00 target price on the stock.

A number of other equities research analysts also recently issued reports on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $77.00 price target on shares of Itron in a research note on Tuesday. Zacks Investment Research downgraded shares of Itron from a “buy” rating to a “hold” rating in a research note on Tuesday. Argus upped their price target on shares of Itron from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price target (up previously from $74.00) on shares of Itron in a research note on Thursday, August 3rd. Finally, Cowen and Company set a $74.00 price target on shares of Itron and gave the company a “hold” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $80.11.

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Itron (NASDAQ ITRI) opened at 72.00 on Tuesday. The company’s 50 day moving average is $72.34 and its 200 day moving average is $66.99. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 89.11 and a beta of 1.08. Itron has a 12-month low of $51.55 and a 12-month high of $75.60.

Itron (NASDAQ:ITRI) last released its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Itron had a net margin of 1.60% and a return on equity of 15.43%. The company had revenue of $503.10 million for the quarter, compared to analyst estimates of $491.80 million. During the same quarter last year, the firm earned $0.65 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of ITRI. Nationwide Fund Advisors increased its position in Itron by 41.9% during the first quarter. Nationwide Fund Advisors now owns 43,596 shares of the scientific and technical instruments company’s stock valued at $2,646,000 after acquiring an additional 12,863 shares during the last quarter. Russell Investments Group Ltd. increased its position in Itron by 36.1% during the first quarter. Russell Investments Group Ltd. now owns 45,846 shares of the scientific and technical instruments company’s stock valued at $2,782,000 after acquiring an additional 12,157 shares during the last quarter. Wells Fargo & Company MN increased its position in Itron by 30.0% during the first quarter. Wells Fargo & Company MN now owns 47,204 shares of the scientific and technical instruments company’s stock valued at $2,865,000 after acquiring an additional 10,888 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Itron by 6.5% during the first quarter. Great West Life Assurance Co. Can now owns 47,175 shares of the scientific and technical instruments company’s stock valued at $2,861,000 after acquiring an additional 2,881 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Itron by 2.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 22,967 shares of the scientific and technical instruments company’s stock valued at $1,394,000 after acquiring an additional 541 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Itron Company Profile

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

Earnings History and Estimates for Itron (NASDAQ:ITRI)

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