Press coverage about Itron (NASDAQ:ITRI) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Itron earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the scientific and technical instruments company an impact score of 47.1636047254317 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Itron to Provide Nationwide Smart Grid Solution for Jamaica (finance.yahoo.com)
- Insider Buying: Itron (ITRI) Major Shareholder Acquires 114,129 Shares of Stock (americanbankingnews.com)
- Itron : to Provide Nationwide Smart Grid Solution for Jamaica (4-traders.com)
- Itron signs smart grid contract (seekingalpha.com)
- Comparing Itron (ITRI) & Analogic (ALOG) (americanbankingnews.com)
A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Itron from a “hold” rating to a “sell” rating in a research note on Saturday, May 19th. ValuEngine lowered shares of Itron from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. Canaccord Genuity reissued a “buy” rating and set a $84.00 price target on shares of Itron in a research report on Wednesday, May 16th. TheStreet lowered shares of Itron from a “b” rating to a “c” rating in a research report on Monday, May 14th. Finally, Zacks Investment Research lowered shares of Itron from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Itron has an average rating of “Buy” and a consensus target price of $83.36.
Itron opened at $59.45 on Thursday, according to MarketBeat. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.13 and a current ratio of 1.46. Itron has a fifty-two week low of $57.96 and a fifty-two week high of $79.95. The stock has a market cap of $2.35 billion, a P/E ratio of 19.43, a PEG ratio of 0.94 and a beta of 1.00.
Itron (NASDAQ:ITRI) last released its quarterly earnings results on Monday, May 14th. The scientific and technical instruments company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. Itron had a negative net margin of 4.85% and a positive return on equity of 13.59%. The company had revenue of $607.00 million for the quarter, compared to analyst estimates of $575.74 million. During the same period last year, the firm earned $0.57 earnings per share. The firm’s revenue was up 27.0% on a year-over-year basis. equities research analysts predict that Itron will post 3.02 EPS for the current fiscal year.
In related news, major shareholder Scopia Capital Management Lp acquired 114,129 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The stock was acquired at an average price of $59.34 per share, for a total transaction of $6,772,414.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip Mezey sold 16,694 shares of the firm’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $65.15, for a total transaction of $1,087,614.10. Following the sale, the insider now owns 93,341 shares of the company’s stock, valued at approximately $6,081,166.15. The disclosure for this sale can be found here. Insiders have sold 30,072 shares of company stock valued at $2,047,827 in the last 90 days. 2.32% of the stock is currently owned by corporate insiders.
Itron, Inc, a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and smart electricity, gas, and water meters and communication modules.
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