Analysts expect Iteris Inc (NASDAQ:ITI) to post earnings per share of ($0.03) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Iteris’ earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.04). Iteris also reported earnings per share of ($0.03) during the same quarter last year. The company is expected to announce its next earnings report on Tuesday, November 6th.

According to Zacks, analysts expect that Iteris will report full-year earnings of ($0.08) per share for the current financial year, with EPS estimates ranging from ($0.11) to ($0.05). For the next fiscal year, analysts anticipate that the company will report earnings of $0.08 per share, with EPS estimates ranging from $0.00 to $0.16. Zacks Investment Research’s earnings per share 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 for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. Iteris had a negative return on equity of 10.36% and a negative net margin of 4.54%. The company had revenue of $25.48 million for the quarter, compared to analyst estimates of $24.22 million.

Several equities research analysts have commented on the company. ValuEngine raised Iteris from a “hold” rating to a “buy” rating in a report on Friday, June 29th. Zacks Investment Research raised Iteris from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Wednesday, July 11th. Finally, Dougherty & Co restated a “buy” rating on shares of Iteris in a research note on Tuesday, September 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.63.

Shares of NASDAQ ITI traded up $0.15 during mid-day trading on Friday, hitting $4.29. 2,011 shares of the stock traded hands, compared to its average volume of 73,959. Iteris has a 52 week low of $4.09 and a 52 week high of $7.88. The firm has a market capitalization of $146.43 million, a PE ratio of -107.63 and a beta of -0.07.

In other news, major shareholder Neil S. Subin sold 52,830 shares of the business’s stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $4.42, for a total value of $233,508.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Neil S. Subin sold 23,323 shares of the business’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $4.41, for a total value of $102,854.43. The disclosure for this sale can be found here. 6.20% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund raised its stake 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 purchasing an additional 10,559 shares during the last quarter. Cowen Prime Services LLC raised its stake in shares of Iteris by 3.2% in the second quarter. Cowen Prime Services LLC now owns 897,692 shares of the technology company’s stock worth $4,345,000 after purchasing an additional 28,200 shares during the last quarter. Northern Trust Corp raised its stake in shares of Iteris by 13.0% in the first quarter. Northern Trust Corp now owns 321,393 shares of the technology company’s stock worth $1,595,000 after purchasing an additional 37,080 shares during the last quarter. Private Management Group Inc. purchased a new stake in Iteris during the second quarter valued at $517,000. Finally, BlackRock Inc. increased its position in Iteris by 12.0% during the second quarter. BlackRock Inc. now owns 1,950,422 shares of the technology company’s stock valued at $9,440,000 after acquiring an additional 208,926 shares during the last quarter. Hedge funds and other institutional investors own 33.53% of the company’s stock.

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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