Itron, Inc. (ITRI) Announces Earnings Results

Itron, Inc. (NASDAQ:ITRI) issued its earnings results on Wednesday. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.12), Bloomberg Earnings reports. Itron had a net margin of 3.42% and a return on equity of 14.84%. The business had revenue of $486.75 million for the quarter, compared to the consensus estimate of $526.55 million. During the same period in the previous year, the firm earned $0.77 EPS. The company’s revenue was down 4.0% compared to the same quarter last year.

TRADEMARK VIOLATION WARNING: “Itron, Inc. (ITRI) Announces Earnings Results” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.com-unik.info/2017/11/03/itron-inc-itri-announces-earnings-results.html.

Several research firms have recently weighed in on ITRI. JMP Securities set a $102.00 price target on shares of Itron and gave the stock a “buy” rating in a report on Thursday, October 12th. Canaccord Genuity reaffirmed a “hold” rating and issued a $78.00 price target on shares of Itron in a report on Friday, October 6th. Zacks Investment Research cut shares of Itron from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and issued a $77.00 price target on shares of Itron in a report on Tuesday, September 12th. Finally, Argus reaffirmed a “buy” rating and issued a $80.00 price target (up previously from $78.00) on shares of Itron in a report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Itron currently has an average rating of “Buy” and an average target price of $81.78.

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.

Earnings History for Itron (NASDAQ:ITRI)

What are top analysts saying about Itron Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Itron Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit