Itron (ITRI) Earning Favorable Press Coverage, Analysis Shows

Media coverage about Itron (NASDAQ:ITRI) has trended positive on Friday, according to Alpha One. The research firm, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Itron earned a news impact score of 0.40 on Alpha One’s scale. Alpha One also assigned media stories about the scientific and technical instruments company an impact score of 57 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the near term.

Here are some of the media stories that may have effected Alpha One’s rankings:

Itron (NASDAQ:ITRI) traded up 0.08% during trading on Friday, hitting $65.40. The stock had a trading volume of 150,921 shares. The firm has a 50 day moving average price of $62.83 and a 200-day moving average price of $62.50. The firm has a market capitalization of $2.53 billion, a PE ratio of 67.98 and a beta of 1.29. Itron has a 1-year low of $40.12 and a 1-year high of $67.45.

Itron (NASDAQ:ITRI) last issued its quarterly earnings data on Wednesday, May 3rd. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06. The company had revenue of $477.59 million for the quarter, compared to the consensus estimate of $454.20 million. Itron had a net margin of 1.45% and a return on equity of 12.89%. On average, equities research analysts expect that Itron will post $3.00 EPS for the current year.

A number of brokerages have weighed in on ITRI. Zacks Investment Research downgraded Itron from a “buy” rating to a “hold” rating in a research report on Thursday. JMP Securities began coverage on Itron in a research report on Thursday, March 9th. They set an “outperform” rating and a $75.00 price target on the stock. TheStreet raised Itron from a “c+” rating to a “b+” rating in a research report on Tuesday, February 28th. Robert W. Baird set a $73.00 price target on Itron and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Finally, Needham & Company LLC boosted their price target on Itron from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $67.86.

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In related news, insider Philip Mezey sold 7,980 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $64.16, for a total transaction of $511,996.80. Following the transaction, the insider now owns 97,045 shares in the company, valued at $6,226,407.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shannon M. Votava sold 957 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $63.83, for a total transaction of $61,085.31. Following the transaction, the vice president now owns 11,972 shares in the company, valued at approximately $764,172.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,932 shares of company stock worth $770,003. 2.10% of the stock is owned by insiders.

About Itron

Itron, Inc (Itron) is a technology and service company. The Company provides solutions that measure, manage and analyze energy and water use. The Company operates through three segments: Electricity, Gas and Water. It provides a portfolio of products, solutions, software and services to electric, gas and water utility customers across the globe.

5 Day Chart for NASDAQ:ITRI

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