Brokerages predict that Iteris, Inc. (NASDAQ:ITI) will announce sales of $26.21 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Iteris’ earnings, with the lowest sales estimate coming in at $26.11 million and the highest estimate coming in at $26.32 million. Iteris reported sales of $25.30 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.6%. The company is expected to announce its next quarterly earnings report on Thursday, June 14th.

On average, analysts expect that Iteris will report full-year sales of $104.67 million for the current fiscal year, with estimates ranging from $104.57 million to $104.77 million. For the next fiscal year, analysts anticipate that the business will report sales of $109.86 million per share, with estimates ranging from $109.24 million to $110.48 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Iteris.

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Iteris (NASDAQ:ITI) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $26.03 million for the quarter, compared to the consensus estimate of $23.28 million. Iteris had a negative net margin of 4.32% and a negative return on equity of 10.05%.

Several research analysts recently commented on the stock. B. Riley set a $9.00 target price on shares of Iteris and gave the stock a “buy” rating in a research note on Saturday. Zacks Investment Research raised shares of Iteris from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. Finally, JMP Securities assumed coverage on shares of Iteris in a research note on Thursday, January 25th. They issued an “outperform” rating and a $10.50 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $8.75.

In other Iteris news, insider Thomas N. Blair sold 18,750 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $6.05, for a total transaction of $113,437.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Neil S. Subin sold 99,141 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $7.54, for a total transaction of $747,523.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 231,414 shares of company stock worth $1,550,045. 4.30% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Cowen Prime Services LLC increased its position in Iteris by 38.0% during the 4th quarter. Cowen Prime Services LLC now owns 777,492 shares of the technology company’s stock valued at $5,419,000 after purchasing an additional 214,097 shares during the period. Royce & Associates LP boosted its holdings in shares of Iteris by 9.5% during the 4th quarter. Royce & Associates LP now owns 576,000 shares of the technology company’s stock valued at $4,015,000 after buying an additional 50,000 shares in the last quarter. State Street Corp bought a new stake in shares of Iteris during the 2nd quarter valued at $1,606,000. Ardsley Advisory Partners bought a new stake in shares of Iteris during the 4th quarter valued at $1,220,000. Finally, Essex Investment Management Co. LLC boosted its holdings in shares of Iteris by 15.8% during the 4th quarter. Essex Investment Management Co. LLC now owns 165,424 shares of the technology company’s stock valued at $1,153,000 after buying an additional 22,627 shares in the last quarter. 33.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of ITI stock traded up $0.23 during trading hours on Monday, hitting $5.10. 210,169 shares of the company’s stock were exchanged, compared to its average volume of 278,702. The company has a market capitalization of $161.07, a PE ratio of -63.75 and a beta of -0.12. Iteris has a 12-month low of $4.09 and a 12-month high of $8.17.

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About Iteris

Iteris, Inc provides intelligent information solutions to traffic management and global agribusiness markets worldwide. It operates in three segments: Roadway Sensors, Transportation Systems, and Agriculture and Weather Analytics. The Roadway Sensors segment provides vehicle detection and information systems and products for traffic intersection control, incident detection, and roadway traffic data collection applications.

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