Itron (NASDAQ:ITRI) Releases Q3 2026 Earnings Guidance

Itron (NASDAQ:ITRI) issued an update on its third quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 1.500-1.600 for the period, compared to the consensus EPS estimate of 1.550. The company issued revenue guidance of $590.0 million-$600.0 million, compared to the consensus revenue estimate of $607.4 million. Itron also updated its FY 2026 guidance to 6.300-6.500 EPS.

Analysts Set New Price Targets

ITRI has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Itron in a report on Friday, May 8th. Oppenheimer raised their target price on Itron from $133.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Raymond James Financial initiated coverage on Itron in a research report on Tuesday, April 21st. They issued an “underperform” rating for the company. Seaport Research Partners reaffirmed a “buy” rating and set a $150.00 price target on shares of Itron in a research note on Wednesday. Finally, Stephens reiterated an “overweight” rating and issued a $130.00 price target on shares of Itron in a report on Wednesday, May 20th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $131.33.

Itron Stock Down 3.1%

ITRI stock traded down $3.12 during mid-day trading on Thursday, reaching $99.21. 201,282 shares of the company traded hands, compared to its average volume of 898,605. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 0.88 and a beta of 1.32. The company has a quick ratio of 2.24, a current ratio of 2.75 and a debt-to-equity ratio of 0.96. Itron has a fifty-two week low of $77.77 and a fifty-two week high of $142.00. The firm’s 50 day moving average price is $84.04 and its 200 day moving average price is $89.82.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Tuesday, July 28th. The scientific and technical instruments company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.29 by $0.30. Itron had a return on equity of 19.26% and a net margin of 11.90%.The firm had revenue of $562.90 million during the quarter, compared to the consensus estimate of $566.34 million. During the same period in the prior year, the business posted $1.62 earnings per share. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Itron has set its Q3 2026 guidance at 1.500-1.600 EPS and its FY 2026 guidance at 6.300-6.500 EPS. As a group, equities research analysts predict that Itron will post 6.4 EPS for the current fiscal year.

Insider Activity at Itron

In other news, CFO Joan S. Hooper sold 442 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the completion of the sale, the chief financial officer owned 117,478 shares in the company, valued at $9,911,618.86. This represents a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total transaction of $26,914.03. Following the completion of the sale, the senior vice president owned 29,100 shares of the company’s stock, valued at approximately $2,455,167. This represents a 1.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 3,946 shares of company stock valued at $324,420. 1.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Itron

A number of hedge funds and other institutional investors have recently modified their holdings of ITRI. Dimensional Fund Advisors LP grew its stake in Itron by 18.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,271,042 shares of the scientific and technical instruments company’s stock valued at $118,034,000 after purchasing an additional 194,768 shares during the period. First Trust Advisors LP increased its holdings in Itron by 4.1% during the fourth quarter. First Trust Advisors LP now owns 793,175 shares of the scientific and technical instruments company’s stock worth $73,654,000 after buying an additional 31,088 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Itron by 42.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 604,580 shares of the scientific and technical instruments company’s stock worth $75,306,000 after acquiring an additional 180,366 shares during the period. Schroder Investment Management Group increased its stake in shares of Itron by 65.2% during the 4th quarter. Schroder Investment Management Group now owns 588,872 shares of the scientific and technical instruments company’s stock worth $54,683,000 after purchasing an additional 232,341 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Itron by 269.3% during the 4th quarter. Millennium Management LLC now owns 506,867 shares of the scientific and technical instruments company’s stock worth $47,068,000 after purchasing an additional 369,617 shares during the last quarter. Hedge funds and other institutional investors own 96.19% of the company’s stock.

About Itron

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.