Brokerages expect Iteris Inc (NASDAQ:ITI) to post $25.29 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Iteris’ earnings, with the lowest sales estimate coming in at $24.98 million and the highest estimate coming in at $25.59 million. Iteris posted sales of $25.25 million in the same quarter last year, which suggests a positive year over year growth rate of 0.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Iteris will report full year sales of $105.94 million for the current year, with estimates ranging from $105.73 million to $106.15 million. For the next fiscal year, analysts forecast that the company will post sales of $121.04 million per share, with estimates ranging from $116.31 million to $125.76 million. Zacks’ sales averages are an average based on a survey of analysts that cover Iteris.

Iteris (NASDAQ:ITI) last released its quarterly earnings results on Tuesday, August 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. Iteris had a negative net margin of 4.54% and a negative return on equity of 10.36%. The company had revenue of $25.48 million for the quarter, compared to analysts’ expectations of $24.22 million.

Several equities research analysts have issued reports on ITI shares. B. Riley set a $9.00 price target on shares of Iteris and gave the stock a “buy” rating in a research note on Friday, June 8th. ValuEngine raised shares of Iteris from a “hold” rating to a “buy” rating in a research note on Tuesday, June 5th. Dougherty & Co reaffirmed a “buy” rating on shares of Iteris in a research note on Tuesday, September 4th. Finally, Zacks Investment Research raised shares of Iteris from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Wednesday, July 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $8.63.

Shares of Iteris stock traded up $0.09 during mid-day trading on Wednesday, hitting $5.12. 66,000 shares of the stock were exchanged, compared to its average volume of 188,101. Iteris has a twelve month low of $4.09 and a twelve month high of $8.17. The stock has a market capitalization of $166.35 million, a P/E ratio of -128.50 and a beta of -0.07.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its position in shares of Iteris by 42.1% in the first quarter. New York State Common Retirement Fund now owns 35,659 shares of the technology company’s stock worth $177,000 after acquiring an additional 10,559 shares during the last quarter. Cowen Prime Services LLC lifted its position in Iteris by 3.2% during the second quarter. Cowen Prime Services LLC now owns 897,692 shares of the technology company’s stock valued at $4,345,000 after buying an additional 28,200 shares in the last quarter. Deutsche Bank AG lifted its position in Iteris by 144.9% during the fourth quarter. Deutsche Bank AG now owns 53,304 shares of the technology company’s stock valued at $370,000 after buying an additional 31,539 shares in the last quarter. Northern Trust Corp lifted its position in Iteris by 13.0% during the first quarter. Northern Trust Corp now owns 321,393 shares of the technology company’s stock valued at $1,595,000 after buying an additional 37,080 shares in the last quarter. Finally, Private Management Group Inc. acquired a new position in Iteris during the second quarter valued at approximately $517,000. 33.53% of the stock is currently owned by institutional investors and hedge funds.

Iteris Company Profile

Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.

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Earnings History and Estimates for Iteris (NASDAQ:ITI)

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