At the time of writing, Itron Inc. [ITRI] stock is trading at $91.46, up 22.06%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ITRI shares have gain 19.56% over the last week, with a monthly amount glided 23.34%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Itron Announces Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced financial results for its fourth quarter and full year ended Dec. 31, 2023. Key results for the quarter and full year include (compared with the fourth quarter and full year of 2022):.
From an analyst’s perspective:
Itron Inc. [NASDAQ: ITRI] stock has seen the most recent analyst activity on January 19, 2024, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $81 for it. Previously, Raymond James downgraded its rating to Mkt Perform on January 04, 2024. On December 19, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $91 on the stock. JP Morgan upgraded its rating to a Neutral but stick to its price target of $68 on December 12, 2023. ROTH MKM initiated its recommendation with a Buy and recommended $82 as its price target on December 05, 2023. In a note dated September 22, 2023, Seaport Research Partners initiated an Buy rating and provided a target price of $80 on this stock.
For the past year, the stock price of Itron Inc. fluctuated between $50.35 and $79.99. Currently, Wall Street analysts expect the stock to reach $69.44 within the next 12 months. Itron Inc. [NASDAQ: ITRI] shares were valued at $91.46 at the most recent close of the market. An investor can expect a potential drop of -24.08% based on the average ITRI price forecast.
Analyzing the ITRI fundamentals
According to Itron Inc. [NASDAQ:ITRI], the company’s sales were 2.06B for trailing twelve months, which represents an 33.24% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 85.38 points at the first support level, and at 79.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.75, and for the 2nd resistance point, it is at 100.05.
Itron Inc. [ITRI] reported earnings per share of $0.98 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.51/share, meaning a difference of $0.47 and a surprise factor of 92.20%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.65 per share as compared to estimates of $0.3 per share, a difference of $0.35 representing a surprise of 116.70%.
Ratios To Look Out For
It is important to note that Itron Inc. [NASDAQ:ITRI] has a current ratio of 1.82. Also, the Quick Ratio is 1.32, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 2.02, the price to book ratio is 3.36 and price to earnings (TTM) ratio is 55.95.
Transactions by insiders
Recent insider trading involved Deitrich Thomas, President & CEO, that happened on Feb 20 when 1912.0 shares were sold. SVP & CFO, Hooper Joan S completed a deal on Feb 20 to sell 1560.0 shares. Meanwhile, SVP, Networked Solutions Marcolini John F. sold 511.0 shares on Feb 20.
