Itron (ITRI) Getting Somewhat Positive News Coverage, Report Finds

News headlines about Itron (NASDAQ:ITRI) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Itron earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the scientific and technical instruments company an impact score of 45.2024101957533 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern’s rankings:

Itron (ITRI) opened at 71.15 on Friday. The stock has a market capitalization of $2.75 billion, a PE ratio of 88.06 and a beta of 1.10. Itron has a 52-week low of $47.20 and a 52-week high of $75.60. The firm’s 50-day moving average is $71.69 and its 200 day moving average is $66.01.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Itron had a net margin of 1.60% and a return on equity of 15.43%. The company had revenue of $503.10 million during the quarter, compared to the consensus estimate of $491.80 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts forecast that Itron will post $3.07 earnings per share for the current year.

A number of brokerages have issued reports on ITRI. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $78.00 target price (up previously from $75.00) on shares of Itron in a report on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price target (up previously from $74.00) on shares of Itron in a report on Thursday, August 3rd. Cowen and Company set a $74.00 target price on Itron and gave the stock a “hold” rating in a report on Thursday, August 3rd. BidaskClub cut Itron from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Robert W. Baird cut Itron from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $73.00 to $77.00 in a report on Wednesday, July 26th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $79.00.

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Itron Company Profile

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

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