In yesterday’s Wall Street session, Itron Inc (NASDAQ:ITRI) shares traded at $105.36, up 0.87% from the previous session.
ITRI stock price is now -7.04% away from the 50-day moving average and 0.55% away from the 200-day moving average. The market capitalization of the company currently stands at $4.75B.
With the price target of $131, Janney recently initiated with Buy rating for Itron Inc (NASDAQ: ITRI). On September 05, 2024, Exane BNP Paribas recently initiated its ‘Outperform’ rating on the stock quoting a target price of $133, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Deitrich Thomas, President & CEO sold 34,787 shares of the company’s stock on Jan 03 ’25. The stock was sold for $3,833,458 at an average price of $110.20. Upon completion of the transaction, the President & CEO now directly owns 204,393 shares in the company, valued at $21.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, President & CEO Deitrich Thomas sold 2,954 shares of the business’s stock. A total of $325,265 was realized by selling the stock at an average price of $110.11. This leaves the insider owning 204,393 shares of the company worth $21.53 million. A total of 1.10% of the company’s stock is owned by insiders.
During the past 12 months, Itron Inc has had a low of $67.21 and a high of $124.90. As of last week, the company has a debt-to-equity ratio of 0.94, a current ratio of 3.36, and a quick ratio of 2.83. According to the stock market information, the enterprise value for the company is $5058268160, which is based on a 21.57 price-to-earnings ratio, a 0.90 price-to-earnings-growth ratio, and a beta of 1.47. The fifty day moving average price for ITRI is $113.344 and a two-hundred day moving average price translates $104.78455 for the stock.
The latest earnings results from Itron Inc (NASDAQ: ITRI) was released for 2024-09-30. The net profit margin was 9.37% and return on equity was 17.43% for ITRI. The company reported revenue of $615.46 million for the quarter, compared to $560.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.75 percent.
