In the latest session, Itron Inc. (NASDAQ: ITRI) closed at $89.18 down -2.56% from its previous closing price of $91.52. In other words, the price has decreased by -$2.34 from its previous closing price. On the day, 518678 shares were traded. ITRI stock price reached its highest trading level at $92.21 during the session, while it also had its lowest trading level at $88.65.
Ratios:
For a deeper understanding of Itron Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.51. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 1.95. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.37.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on March 13, 2024, Reiterated its Outperform rating but revised its target price to $110 from $107 previously.
On February 27, 2024, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $68 to $108.
Canaccord Genuity Upgraded its Hold to Buy on February 27, 2024, whereas the target price for the stock was revised from $68 to $105.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 07 ’24 when Lande Jerome J. sold 14,896 shares for $95.25 per share. The transaction valued at 1,418,895 led to the insider holds 5,750 shares of the business.
Deitrich Thomas sold 3,353 shares of ITRI for $305,198 on Feb 28 ’24. The President & CEO now owns 198,498 shares after completing the transaction at $91.02 per share. On Feb 28 ’24, another insider, Hooper Joan S, who serves as the SVP & CFO of the company, sold 1,790 shares for $91.02 each. As a result, the insider received 162,930 and left with 73,348 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ITRI now has a Market Capitalization of 4.06B and an Enterprise Value of 4.25B. As of this moment, Itron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.27, and their Forward P/E ratio for the next fiscal year is 20.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 3.10. Its current Enterprise Value per Revenue stands at 1.96 whereas that against EBITDA is 22.19.
Stock Price History:
Over the past 52 weeks, ITRI has reached a high of $96.73, while it has fallen to a 52-week low of $50.40. The 50-Day Moving Average of the stock is 78.67, while the 200-Day Moving Average is calculated to be 70.20.
Shares Statistics:
For the past three months, ITRI has traded an average of 405.87K shares per day and 500.49k over the past ten days. A total of 45.51M shares are outstanding, with a floating share count of 45.06M. Insiders hold about 1.14% of the company’s shares, while institutions hold 100.17% stake in the company. Shares short for ITRI as of Feb 29, 2024 were 1.5M with a Short Ratio of 3.69, compared to 1.31M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.28% and a Short% of Float of 4.62%.
Earnings Estimates
There are 10 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.84 for the current quarter, with a high estimate of $0.89 and a low estimate of $0.8, while EPS last year was $0.49. The consensus estimate for the next quarter is $0.85, with high estimates of $0.95 and low estimates of $0.76.
Analysts are recommending an EPS of between $3.8 and $3.4 for the fiscal current year, implying an average EPS of $3.6. EPS for the following year is $4.37, with 10 analysts recommending between $5 and $3.81.
Revenue Estimates
A total of 12 analysts believe the company’s revenue will be $579.34M this quarter.It ranges from a high estimate of $582.7M to a low estimate of $575M. As of the current estimate, Itron Inc.’s year-ago sales were $464.25M, an estimated increase of 24.80% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $583.89M, an increase of 7.90% less than the figure of $24.80% in the same quarter last year. There is a high estimate of $597M for the next quarter, whereas the lowest estimate is $579.93M.
A total of 12 analysts have provided revenue estimates for ITRI’s current fiscal year. The highest revenue estimate was $2.37B, while the lowest revenue estimate was $2.31B, resulting in an average revenue estimate of $2.34B. In the same quarter a year ago, actual revenue was $2.17B, up 7.60% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.46B in the next fiscal year. The high estimate is $2.54B and the low estimate is $2.4B. The average revenue growth estimate for next year is up 5.10% from the average revenue estimate for this year.
