Equities analysts expect that Iteris Inc (NASDAQ:ITI) will announce $23.95 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Iteris’ earnings, with the highest sales estimate coming in at $24.42 million and the lowest estimate coming in at $23.47 million. Iteris posted sales of $25.27 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, June 6th.

According to Zacks, analysts expect that Iteris will report full-year sales of $96.98 million for the current fiscal year, with estimates ranging from $96.50 million to $97.46 million. For the next fiscal year, analysts anticipate that the business will report sales of $110.33 million, with estimates ranging from $106.92 million to $113.74 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Iteris.

Several research analysts have recently commented on the company. Dougherty & Co reissued a “buy” rating on shares of Iteris in a research report on Tuesday, April 30th. ValuEngine raised Iteris from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Finally, Zacks Investment Research raised Iteris from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Friday, January 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $6.75.

ITI opened at $4.83 on Friday. The firm has a market capitalization of $156.42 million, a PE ratio of -120.75 and a beta of 0.61. Iteris has a 12 month low of $3.24 and a 12 month high of $5.99.

In related news, insider Neil S. Subin sold 2,551,273 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $4.25, for a total transaction of $10,842,910.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 6.20% of the company’s stock.

A number of large investors have recently made changes to their positions in ITI. B. Riley Financial Inc. increased its holdings in shares of Iteris by 1,006.0% in the first quarter. B. Riley Financial Inc. now owns 1,004,034 shares of the technology company’s stock valued at $4,187,000 after purchasing an additional 913,250 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Iteris in the first quarter valued at about $3,697,000. Royce & Associates LP increased its holdings in shares of Iteris by 21.0% in the fourth quarter. Royce & Associates LP now owns 1,457,000 shares of the technology company’s stock valued at $5,435,000 after purchasing an additional 253,000 shares during the period. Cowen Prime Services LLC increased its holdings in shares of Iteris by 27.2% in the fourth quarter. Cowen Prime Services LLC now owns 1,161,390 shares of the technology company’s stock valued at $4,332,000 after purchasing an additional 248,198 shares during the period. Finally, Private Management Group Inc. increased its holdings in shares of Iteris by 106.3% in the first quarter. Private Management Group Inc. now owns 192,485 shares of the technology company’s stock valued at $803,000 after purchasing an additional 99,162 shares during the period. 37.25% of the stock is currently owned by institutional investors.

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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