Itron, Inc. (NASDAQ:ITRI) – Research analysts at Gabelli decreased their FY2018 earnings estimates for Itron in a research report issued on Tuesday. Gabelli analyst J. Garza now forecasts that the scientific and technical instruments company will post earnings of $3.50 per share for the year, down from their prior forecast of $3.65. Gabelli also issued estimates for Itron’s FY2019 earnings at $4.05 EPS and FY2020 earnings at $4.55 EPS.

A number of other research firms also recently issued reports on ITRI. Canaccord Genuity downgraded shares of Itron from a “buy” rating to a “hold” rating and set a $78.00 target price for the company. in a report on Tuesday. Zacks Investment Research downgraded shares of Itron from a “buy” rating to a “hold” rating in a report on Tuesday. Cowen and Company set a $60.00 target price on shares of Itron and gave the company a “hold” rating in a report on Friday, July 21st. Robert W. Baird downgraded shares of Itron from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $73.00 to $77.00 in a report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $80.22.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/21/fy2018-eps-estimates-for-itron-inc-itri-cut-by-analyst.html.

Itron (ITRI) traded down 0.164% during trading on Wednesday, hitting $76.125. 77,858 shares of the company were exchanged. Itron has a 12 month low of $51.55 and a 12 month high of $77.40. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 94.214 and a beta of 1.08. The company has a 50-day moving average of $72.49 and a 200-day moving average of $67.47.

Itron (NASDAQ:ITRI) last posted its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.03. The firm had revenue of $503.10 million during the quarter, compared to analysts’ expectations of $491.80 million. Itron had a net margin of 1.60% and a return on equity of 15.43%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITRI. PNC Financial Services Group Inc. grew its stake in Itron by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 1,610 shares of the scientific and technical instruments company’s stock worth $109,000 after buying an additional 31 shares during the period. LS Investment Advisors LLC grew its stake in Itron by 56.2% during the first quarter. LS Investment Advisors LLC now owns 1,892 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 681 shares during the period. Pacad Investment Ltd. grew its stake in Itron by 21.4% during the second quarter. Pacad Investment Ltd. now owns 1,700 shares of the scientific and technical instruments company’s stock worth $115,000 after buying an additional 300 shares during the period. Riverhead Capital Management LLC grew its stake in Itron by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the scientific and technical instruments company’s stock worth $142,000 after buying an additional 897 shares during the period. Finally, SG Americas Securities LLC grew its stake in Itron by 1.5% during the first quarter. SG Americas Securities LLC now owns 2,366 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 36 shares during the period. Institutional investors own 93.66% 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)

Receive News & Ratings for Itron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itron Inc. and related companies with MarketBeat.com's FREE daily email newsletter.