에 대한 최신 뉴스 Itron (NASDAQ:ITRI) 주식

Itron

Itron Inc provides solutions that measure, manage, and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems. The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision-making and maximize operational profitability.

Itron Inc

ITRON ORD

In the latest quarter, 10 analysts provided ratings for Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $120.0, with a high estimate of $131.00 and a low estimate of $110.00. Surpassing the previous average price target of $113.38, the current average has increased by 5.84%.
<img src="https://www.benzinga.com/files/images/story/2024/1727445647_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Itron. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sean Milligan</td>
<td>Janney Montgomery Scott</td>
<td>Announces</td>
<td>Buy</td>
<td>$131.00</td>
<td>-</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Ben Kallo</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$123.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$109.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$112.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$112.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$122.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Joseph Osha</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$130.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Itron. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Itron compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Itron's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Itron's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ITRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Itron analyst ratings.</a>
<h2>Get to Know Itron Better</h2>
Itron Inc provides solutions that measure, manage, and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems. The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision-making and maximize operational profitability.
<h3>A Deep Dive into Itron's Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Itron's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 12.57%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Itron's net margin is impressive, surpassing industry averages. With a net margin of 8.43%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Itron's ROE excels beyond industry benchmarks, reaching 3.94%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Itron's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.72%, the company showcases efficient use of assets and strong financial health.
Debt Management: Itron's debt-to-equity ratio stands notably higher than the industry average, reaching 1.02. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

ITRI

A Closer Look at 10 Analyst Recommendations For Itron

Janney Montgomery Scott analyst Sean Milligan initiates coverage on Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Buy rating and announces Price Target of $131.

News

Price Target

Initiation

Janney Montgomery Scott Initiates Coverage On Itron with Buy Rating, Announces Price Target of $131

Buybacks

Itron Approves New $100M Share Buyback Program

Ciena Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cien#NYSE">CIEN</a>) coherent routing solutions are deployed by Bhutan Telecom to handle growing traffic demands and enhance the customer experience, particularly as users transition to emerging technologies such as edge cloud applications.
Bhutan Telecom provides telecommunications and Internet services in the Kingdom of Bhutan. It offers fixed-line telephony, GSM mobile services under the B-Mobile brand, and Internet services through DrukNet. The company leads in mobile and Internet services and is the only provider of fixed-line telephony in the country.
Ciena&#39;s 5164, 8110, and 8114 coherent routers were deployed, tested, and activated remotely by Ciena Services, which also tailored the network design for the provider. The Ciena 5164 Router, designed for compact spaces, is ideal for Bhutan&#39;s landlocked geography, while the temperature-resistant 8114 Router suits Bhutan&#39;s variable climate. Additionally, the 8110 Coherent Aggregation Router helps Bhutan Telecom decrease network latency and enhance the user experience.
The local community stays connected and engaged from home post-pandemic, with renewed interest from connected tourists visiting Bhutan. To support this shift, companies like Bhutan Telecom and Ciena are driving the country&#39;s digital transformation by enhancing network performance and reducing latency.
Ciena is one of the leading providers of optical and routing systems, services, and automation software worldwide. It builds highly adaptive networks to meet increasing digital demands and deliver richer, more connected experiences for all users.
Ciena&#39;s revenues for the second quarter of fiscal 2024 decreased 19.6% year over year, totaling $910.8 million. This decline was attributed to a slower-than-expected recovery of order volumes from service providers who are still working through large inventory corrections. Ongoing global macroeconomic volatility also presents challenges.
As a result, management revised its fiscal 2024 revenue forecast to $4 billion, down from the previously projected range of $4-$4.3 billion.
CIEN currently carries a Zacks Rank #5 (Strong Sell). Shares of the company have gained 31.3% in the past year compared with the sub-industry&#39;s growth of 30.8%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/cf/74918.jpg?v=738053075" />
Image Source: Zacks Investment Research
<h3>Stocks to Consider</h3>
Some better-ranked stocks have been discussed below:
Badger Meter, Inc., sporting a Zacks Rank #1 (Strong Buy) at present, has a long-term earnings growth expectation of 17.9% and delivered an earnings surprise of 12.89%, on average, in the trailing four quarters. In the last reported quarter, BMI delivered an earnings surprise of 14.29%.
Arista Networks, Inc., sporting a Zacks Rank #1 at present, has a long-term earnings growth expectation of 17.2% and delivered an earnings surprise of 15.02%, on average, in the trailing four quarters. In the last reported quarter, ANET delivered an earnings surprise of 8.25%.
Itron, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itri#NASDAQ">ITRI</a>), carrying a Zacks Rank #2 (Buy) at present, has a long-term earnings growth expectation of 26% and delivered an earnings surprise of 57.02%, on average, in the trailing four quarters. In the last reported quarter, ITRI delivered an earnings surprise of 26.04%.
<a href="https://www.zacks.com/stock/news/2325250/ciena-s-cien-routing-solutions-deployed-by-bhutan-telecom?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2325250">To read this article on Zacks.com click here.</a>

Earnings

Mid Cap

Management

Markets

Trading Ideas

CIEN

Ciena's Routing Solutions Deployed by Bhutan Telecom

Analysts' ratings for Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) over the last quarter vary from bullish to bearish, as provided by 10 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $118.9, a high estimate of $130.00, and a low estimate of $110.00. Observing a 4.7% increase, the current average has risen from the previous average price target of $113.56. 
<img src="https://www.benzinga.com/files/images/story/2024/1724252438_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Itron by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Ben Kallo</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$123.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$109.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$112.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$112.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$122.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Joseph Osha</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$115.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Itron. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Itron compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Itron's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Itron's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ITRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Itron analyst ratings.</a>
<h2>Get to Know Itron Better</h2>
Itron Inc provides solutions that measure, manage, and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems. The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision-making and maximize operational profitability.
<h3>Itron: Financial Performance Dissected</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Itron's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 12.57% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Itron's net margin excels beyond industry benchmarks, reaching 8.43%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Itron's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.94%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Itron's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.72% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Itron's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.02, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Itron: Insights From 10 Financial Analysts

Roth MKM analyst Chip Moore maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Buy and maintains $125 price target.

Roth MKM Maintains Buy on Itron, Maintains $125 Price Target

Itron&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itri#NASDAQ">ITRI</a>) shares have been performing well on the trading front, with a gain of 33.1% year to date compared with 19.2% and 2.5% growth of the S&amp;P 500 composite and the sub-industry, respectively.&nbsp;
The stock is down 16.4% from its 52-week high level of $113.07, reflecting further potential upside.
Headquartered in Liberty Lake, WA, Itron is one of the leading global suppliers of a wide range of standard, advanced and smart meters and meter communication systems. It also provides networks and communication modules, software, services and sensors for the effective management of electricity, gas and water resources for its consumers.
With healthy fundamentals and strong growth opportunities, this Zacks Rank #2 (Buy) stock appears to be a solid investment option at present.
Apart from a favorable rank, ITRI has a Growth Score of B. Per Zacks&#39; proprietary methodology, stocks with a combination of a Zacks Rank #1 (Strong Buy) or 2 and&nbsp; a Growth Score of A or B offer solid investment opportunities.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/90/74132.jpg?v=1310954533" />
Image Source: Zacks Investment Research
The company&#39;s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average surprise of 57%.
&nbsp;
<h3>Steady Demand Trends</h3>
Steady market demand remains the primary catalyst. The company recently posted its second-quarter 2024 results wherein revenues of $609 million beat the Zacks Consensus Estimate of $600 million. The top line expanded 13% (up 13% at constant currency) year over year.
Successful operational execution and conversion of previously constrained revenues aided the top-line growth. Itron&#39;s bookings were $447 million, and its backlog amounted to $4.1 billion at the end of the reported quarter.
Networked Solutions&#39; revenues totaled $412.7 million (67.8%), up 14% year over year, driven by current and new project deployments. Outcomes&#39; revenues of $77.8 million (12.8%) increased 16% on a year-over-year basis attributed to higher recurring and one-time services revenues.
Momentum in the Grid Edge Intelligence platform augurs well. The platform&#39;s growth is being driven by various factors, including data center-related demand growth, reindustrialization and production localization, as well as electrification of transportation and homes. Itron added that automation of water infrastructure, safety applications for gas customers and the digitalization of its operations were other growth drivers.
Also, the acquisition of Elpis Squared expanded the Grid Edge Intelligence platform&#39;s solutions. Management noted that its customers are increasingly deploying new digital technology and non-wires grid solutions. This represents a strong opportunity for ITRI.
<h3>Solid Outlook</h3>
Itron anticipates 2024 bookings to result in a book-to-bill ratio of at least 1:1.
For the third quarter of 2024, ITRI expects revenues to be between $590 million and $600 million. Non-GAAP EPS is anticipated to be in the range of $1.10-$1.20. The Zacks Consensus Estimate for both top and bottom lines is pegged at $597 million and $1.10 per share.
The company has revised its full-year revenue outlook for 2024. Management now projects revenues to be between $2.385 billion and $2.415 billion compared with earlier guidance of $2.275 to $2.375 billion.
Non-GAAP EPS is currently estimated in the $4.45-$4.65 band compared with of $3.40-$3.80 projected in February 2024.
<h3>Estimates Northward Bound</h3>
The Zacks Consensus Estimate for ITRI&#39;s 2024 and 2025 revenues is pegged at $2.41 billion and $2.5 billion, respectively, indicating growth of 10.8% and 3.8% from the year-ago levels.
The consensus estimated figures for 2024 and 2025 EPS are expected to rise 33.3% and 3.6% from the prior-year actuals of $4.48 and $4.64, respectively.
The figures of consensus mark for 2024 and 2025 EPS have increased 12% and 5.9%, respectively, in the past 60 days, reflecting analysts&#39; optimism.
ITRI&#39;s long-term earnings growth rate is pegged at 26%.
<h3>Headwinds Persist</h3>
However, rising operating expenses and stiff competition amid a soft macroeconomic backdrop remain concerns.
In the second quarter of 2024, non-GAAP operating expenses of $141.1 million jumped 6.6% year over year due to higher sales and general and administrative costs. These factors might exert pressure on the margins, at least in the near term.
Itron also has a leveraged balance sheet. As of Jun 30, 2024, the company&#39;s cash and cash equivalents totaled $920.6 million. Long-term debt at the end of the second-quarter 2024 was $1.24 billion.
<h3>Other Stocks to Consider</h3>
Other top-ranked stocks worth consideration in the broader technology space are Badger Meter (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmi#NYSE">BMI</a>), Manhattan Associates (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/manh#NASDAQ">MANH</a>) and ANSYS (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anss#NASDAQ">ANSS</a>). Badger Meter and Manhattan Associates sport a Zacks Rank #1 each, while ANSYS carries a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Badger Meter&#39;s 2024 EPS is pegged at $4.06, up 4.4% in the past 30 days. BMI&#39;s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 12.9%. The long-term earnings growth rate is 17.9%. Its shares have risen 12.5% in the past year.
The Zacks Consensus Estimate for ANSS&#39; 2024 earnings is pegged at $9.72, up 3.7% in the past 30 days. ANSS&#39; earnings beat the Zacks Consensus Estimate in three of the last four quarters while missing once, with the average surprise being 4.8%. Its shares have risen 3.3% in the past year.
The Zacks Consensus Estimate for MANH&#39;s 2024 EPS is pegged at $4.26. MANH&#39;s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 26.6%. The stock has surged 28.4% in the past year.
<a href="https://www.zacks.com/stock/news/2321144/itron-itri-stock-up-33-1-in-a-year-will-the-rally-continue?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2321144">To read this article on Zacks.com click here.</a>

Earnings Beats

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Itron Stock Up 33.1% in a Year: Will the Rally Continue?

TELUS Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tu#NYSE">TU</a>) has unveiled a plan to make $19.2 million worth TELUS PureFibre services available in Doig River First Nation, located about 70 kilometers northeast of Fort St. John, as well as to hundreds of homes in 14 other communities. This significant step underscores TELUS&#39; ongoing efforts to bring its PureFibre technology to numerous communities, residents and businesses.
The new fibre-optic network will support TELUS&#39; wireless services, set the stage for future 5G technologies and provide Doig River First Nation residents with the resources needed to participate and gain from the digital economy.
In 2011, Doig River First Nation was among the first to receive broadband through the Pathways to Technology initiative. The Pathways project will fund the fibre upgrade, with TELUS being its longstanding partner.
TELUS PureFibre is a 100% fibre-to-the-home network as it uses cutting-edge fibre optics directly to homes and businesses, providing the fastest possible speeds. As Western Canada&#39;s established fibre network, TELUS offers fast, symmetrical upload and download speeds with reliable and sustainable technology.
High-speed Internet is essential in today&#39;s digital world, whether for accessing healthcare or growing a business. By 2027, Atlantic Canada&#39;s federal government, in partnership with TELUS, plans to bring high-speed Internet to every home in British Columbia.
Last month, TELUS unveiled its plan to make TELUS PureFibre services available in the Township of Langley, Kwantlen First Nation&#39;s McMillan Island 6 and Katzie First Nation&#39;s Katzie 2 communities.
TELUS is dedicated to working with indigenous, federal, provincial and local governments to expand access to their advanced technology. The company highlighted that this collaboration aims to ensure that everyone in Canada has the resources needed to reach their full potential and improve their social and economic outcomes.
TELUS is one of the leading communications technology firms, known for its expertise in developing, constructing and delivering advanced solutions, including artificial intelligence and content moderation.
TU currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 6.8% in the past year compared with the sub-industry&#39;s decline of 2.4%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3c/74192.jpg?v=1240247995" />
Image Source: Zacks Investment Research
<h3>Stocks to Consider</h3>
Badger Meter, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmi#NYSE">BMI</a>), sporting a Zacks Rank #1 (Strong Buy) at present, has a long-term earnings growth expectation of 17.9% and delivered an earnings surprise of 12.89%, on average, in the trailing four quarters. In the last reported quarter, BMI delivered an earnings surprise of 14.29%.
Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), sporting a Zacks Rank #1 at present, has a long-term earnings growth expectation of 17.2% and delivered an earnings surprise of 15.02%, on average, in the trailing four quarters. In the last reported quarter, ANET delivered an earnings surprise of 8.25%.
Itron, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itri#NASDAQ">ITRI</a>), carrying a Zacks Rank #2 (Buy) at present, has a long-term earnings growth expectation of 26% and delivered an earnings surprise of 57.02%, on average, in the trailing four quarters. In the last reported quarter, ITRI delivered an earnings surprise of 26.04%.
<a href="https://www.zacks.com/stock/news/2321441/telus-tu-continues-purefibre-expansion-to-boost-connectivity?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2321441">To read this article on Zacks.com click here.</a>

ANET

TELUS Continues PureFibre Expansion to Boost Connectivity

Stephens &amp; Co. analyst Tommy Moll reiterates Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Equal-Weight and maintains $110 price target.

Reiteration

Stephens & Co. Reiterates Equal-Weight on Itron, Maintains $110 Price Target

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Shares of companies in the broader technology sector are trading lower amid an overall market selloff following weak US jobs data. Weakness in Amazon and Intel has also weighed on the tech sector.

Ratings for Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) were provided by 10 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $117.3, a high estimate of $130.00, and a low estimate of $109.00. Surpassing the previous average price target of $109.00, the current average has increased by 7.61%.
<img src="https://www.benzinga.com/files/images/story/2024/1722618525_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Itron among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Ben Kallo</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$123.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$109.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$112.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Mark Strouse</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$112.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Chip Moore</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$122.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Joseph Osha</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Kashy Harrison</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$109.00</td>
<td>$109.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$85.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Itron. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Itron compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Itron's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Itron's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ITRI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Itron analyst ratings.</a>
<h2>All You Need to Know About Itron</h2>
Itron Inc provides solutions that measure, manage, and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems. The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision-making and maximize operational profitability.
<h3>Itron: A Financial Overview</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Itron's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 22.0% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.57%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Itron's ROE excels beyond industry benchmarks, reaching 3.87%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.96%, the company showcases effective utilization of assets.
Debt Management: Itron's debt-to-equity ratio is below the industry average. With a ratio of 0.36, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Itron: 10 Analysts Share Their Views

Roth MKM analyst Chip Moore maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Buy and raises the price target from $122 to $125.

Roth MKM Maintains Buy on Itron, Raises Price Target to $125

Baird analyst Ben Kallo maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Outperform and raises the price target from $115 to $123.

Baird Maintains Outperform on Itron, Raises Price Target to $123

Itron shares are trading higher after the company reported better-than-expected Q2 financial results. Also, the company raised its FY24 guidance above estimates and issued Q3 guidance above estimates.

Q3 2024 Outlook and Full Year 2024 Guidance Update
Outlook for the third quarter of 2024 is as follows:
<ul>
<li>Revenue between $590 and $600 million</li>
<li>Non-GAAP diluted EPS between $1.10 and $1.20</li>
</ul>
Itron's guidance for the full year 2024 has been updated as follows:
<ul>
<li>Revenue between $2.385 to $2.415 billion vs. February 2024 guidance of $2.275 to $2.375 billion</li>
<li>Non-GAAP diluted EPS between $4.45 to $4.65 vs. February 2024 guidance of $3.40 to $3.80</li>
</ul>

Itron Sees Q3 EPS $1.10-$1.20 Vs $0.92 Est.; Revenue $590M-$600M Vs $586.09M Est.; Raises FY24 EPS From $3.40-$3.80 To $4.45-$4.65 Vs $4.07 Est.; Revenue From $2.275-$2.375 To $2.385B-$2.415B Vs $2.38B Est.

Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) reported quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $0.96 by 26.04 percent. This is a 86.15 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $609.07 million which beat the analyst consensus estimate of $599.10 million by 1.66 percent. This is a 12.57 percent increase over sales of $541.07 million the same period last year.

Itron Q2 Adj $1.21 Beats $0.96 Estimate, Sales $609.07M Beat $599.10M Estimate

Piper Sandler analyst Kashy Harrison maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Neutral and raises the price target from $109 to $110.

Piper Sandler Maintains Neutral on Itron, Raises Price Target to $110

Oppenheimer analyst Noah Kaye maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Outperform and raises the price target from $110 to $112.

Oppenheimer Maintains Outperform on Itron, Raises Price Target to $112

JP Morgan analyst Mark Strouse maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Neutral and raises the price target from $104 to $112.

JP Morgan Maintains Neutral on Itron, Raises Price Target to $112

Roth MKM analyst Chip Moore maintains Itron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>) with a Buy and raises the price target from $112 to $122.

Roth MKM Maintains Buy on Itron, Raises Price Target to $122

Itron, Inc. 2024 Q2 - Results - Earnings Call Presentation

Invesco Main Street Small Cap Fund Q2 2024 Review

Canaccord Genuity analyst Austin Moeller maintained a Buy rating on Itron (ITRI – Research Report) yesterday and set a price target of $125.00. Aus...

Itron's Strategic Transformation and GridEdge Intelligence Bolster Buy Rating

Invesco Small Cap Growth Fund Q2 2024 Review

Roth MKM analyst Chip Moore maintained a Buy rating on Itron (ITRI – Research Report) today and set a price target of $125.00. The company's shares...

Itron (ITRI) Receives a Buy from Roth MKM

In a report released today, Chip Moore from Roth MKM maintained a Buy rating on Itron (ITRI – Research Report), with a price target of $125.00. The...

Roth MKM Keeps Their Buy Rating on Itron (ITRI)

Roth MKM Remains a Buy on Itron (ITRI)

Itron ( ($ITRI) ) has issued an update. Itron, Inc. has appointed David M. Wright as Vice President, Corporate Controller & Chief Accounting Office...

Itron Announces Executive Appointment and Share Buyback Plan

Itron: A Great Performance, But Soft On The Bookings

Itron rated new Buy at Janney as top provider of grid edge technology

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Press Releases

Itron Collaborates with VODA.ai to Pinpoint Water Pipe Failure with Artificial Intelligence

General

Integra Becomes First Itron Engage Sales Channel Partner in Italy

Itron Announces $500.0 Million Convertible Senior Notes

Itron Prices Upsized $700 Million 1.375% Convertible Senior Notes Offering

Itron to Announce Second Quarter Results on August 1, 2024

Itron Inspire 2024 to Gather Leaders to Address Industry Challenges Leveraging Data and Artificial Intelligence

Itron Celebrates More Than 1 Million Cyble™ 5 Communication Modules Shipped

Itron Invites Nominations for 2024 Innovator Award

Itron Announces Second Quarter 2024 Financial Results

Itron Inspire 2024 Agenda Revealed: Empowering Utilities and Cities with Innovative Solutions

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