Itron, Inc. (NASDAQ:ITRI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Itron, Inc. (NASDAQ:ITRI) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $131.2222.

Several equities analysts recently issued reports on the company. Zacks Research cut Itron from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Itron in a research note on Friday, May 8th. Oppenheimer increased their price objective on Itron from $133.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. lowered their target price on Itron from $133.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Finally, TD Cowen dropped their target price on Itron from $145.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th.

Key Itron News

Here are the key news stories impacting Itron this week:

• Positive Sentiment: Itron reported second-quarter non-GAAP earnings of $1.59 per share, exceeding the $1.29–$1.30 analyst consensus by roughly $0.30. Adjusted EBITDA increased 8% to $97 million, while adjusted gross margin reached a record 41.4%, up 460 basis points year over year. Why Itron Stock Soared 26% Higher Today
• Positive Sentiment: Annual recurring revenue rose 21% to $417 million, supporting the company’s shift toward more predictable, higher-quality revenue. Outcomes revenue also grew 13%, helped by increased services revenue.
• Positive Sentiment: Itron raised its 2026 non-GAAP EPS forecast to $6.30–$6.50, above the prior market expectation of about $5.98. Management cited stronger operating performance and durable demand tied to grid expansion, resiliency and utilities’ need to accelerate power deployment. Itron Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Bookings totaled $550 million and backlog remained substantial at $4.4 billion, providing visibility into future demand. The company also generated $81 million of quarterly free cash flow.
• Neutral Sentiment: Third-quarter guidance calls for revenue of $590 million to $600 million and EPS of $1.50 to $1.60. The EPS range brackets consensus, but the revenue outlook is below the approximately $607 million analyst estimate, suggesting that the near-term growth recovery may be uneven.
• Negative Sentiment: Second-quarter revenue declined 7% to $563 million, primarily because Networked Solutions revenue fell 17% amid project timing and lower volumes. GAAP net income fell to $53 million from $68 million, and free cash flow decreased from $91 million a year earlier.

Itron Stock Up 26.2%

ITRI stock opened at $107.02 on Friday. The company has a fifty day moving average price of $83.62 and a 200 day moving average price of $89.80. Itron has a 12 month low of $77.77 and a 12 month high of $142.00. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 0.74 and a beta of 1.32. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.66 and a quick ratio of 2.24.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.30. The company had revenue of $562.90 million for the quarter, compared to the consensus estimate of $566.34 million. Itron had a net margin of 12.31% and a return on equity of 19.54%. Itron’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the firm posted $1.62 EPS. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. Sell-side analysts expect that Itron will post 6.01 earnings per share for the current year.

Insider Activity at Itron

In other Itron news, SVP Donald L. Reeves III sold 319 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the transaction, the senior vice president owned 29,100 shares in the company, valued at approximately $2,455,167. This represents a 1.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Joan S. Hooper sold 442 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.37, for a total transaction of $37,291.54. Following the transaction, the chief financial officer owned 117,478 shares in the company, valued at approximately $9,911,618.86. This trade represents a 0.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 3,946 shares of company stock worth $324,420 in the last three months. Insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On Itron

Large investors have recently modified their holdings of the business. Private Trust Co. NA boosted its stake in shares of Itron by 112.4% in the fourth quarter. Private Trust Co. NA now owns 274 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 145 shares in the last quarter. Employees Retirement System of Texas purchased a new position in Itron in the third quarter worth $32,000. Northwestern Mutual Wealth Management Co. raised its position in Itron by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 101 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Itron in the third quarter valued at $49,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Itron by 25.3% in the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 81 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.