Itron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing. The Networked Solutions segment provides a combination of communicating devices, such as smart meters, modules, endpoints, and sensors; network infrastructure; and associated application software for acquiring and transporting application-specific data. The Outcomes segment offers enhanced software and services for managing, organizing, analyzing, and interpreting data to enhance decision making, maximize operational profitability, drive resource efficiency, and deliver results for consumers, utilities, and smart cities. In addition, it offers implementation, project management, installation, consulting, and post-sale maintenance support services, as well as cloud and software-as-a-service; and extended or customer-specific warranties. It offers its products and services under the Itron brand. The company markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives to utilities and municipalities. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington.
IPO Year: 1993
Exchange: NASDAQ
Website: itron.com/na
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/5/2024 | $133.00 | Outperform | Exane BNP Paribas |
8/2/2024 | $115.00 → $125.00 | Buy | TD Cowen |
7/11/2024 | $130.00 | Neutral → Buy | Guggenheim |
5/21/2024 | $109.00 | Overweight → Neutral | Piper Sandler |
5/3/2024 | $110.00 → $115.00 | Buy | TD Cowen |
3/13/2024 | $107.00 → $110.00 | Outperform | TD Cowen |
2/27/2024 | $68.00 → $108.00 | Neutral → Outperform | Robert W. Baird |
2/27/2024 | $68.00 → $105.00 | Hold → Buy | Canaccord Genuity |
1/19/2024 | $81.00 | Perform → Outperform | Oppenheimer |
1/4/2024 | Outperform → Mkt Perform | Raymond James |
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4 - ITRON, INC. (0000780571) (Issuer)
4 - ITRON, INC. (0000780571) (Issuer)
4 - ITRON, INC. (0000780571) (Issuer)
4 - ITRON, INC. (0000780571) (Issuer)
4 - ITRON, INC. (0000780571) (Issuer)
4 - ITRON, INC. (0000780571) (Issuer)
Piper Sandler analyst Kashy Harrison maintains Itron (NASDAQ:ITRI) with a Neutral and raises the price target from $109 to $110.
Oppenheimer analyst Noah Kaye maintains Itron (NASDAQ:ITRI) with a Outperform and raises the price target from $110 to $112.
JP Morgan analyst Mark Strouse maintains Itron (NASDAQ:ITRI) with a Neutral and raises the price target from $104 to $112.
Roth MKM analyst Chip Moore maintains Itron (NASDAQ:ITRI) with a Buy and raises the price target from $112 to $122.
Throughout the last three months, 10 analysts have evaluated Itron (NASDAQ:ITRI), offering a diverse set of opinions from bullish to bearish. 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. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 2 2 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 4 2 1 0 0 Analysts have set 12-month price targets for Itron, revealing an average target of $113.2, a high estimate of $130.00, and a low estimate of $102.00. Marking an
Guggenheim analyst Joseph Osha upgrades Itron (NASDAQ:ITRI) from Neutral to Buy and announces $130 price target.
In the latest quarter, 10 analysts provided ratings for Itron (NASDAQ:ITRI), showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 3 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 4 2 1 0 0 3M Ago 0 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Itron, presenting an average target of $110.5, a high estimate of $120.00, and a low estimate of $102.00. This current average reflects an increase of 6.48%
Canaccord Genuity analyst Austin Moeller maintains Itron (NASDAQ:ITRI) with a Buy and raises the price target from $115 to $120.
The offering size was increased from the previously announced offering size of $500 million aggregate principal amount of Notes. The Company also granted the initial purchasers of the Notes an option to purchase, for settlement during a 13-day period beginning on, and including the first day the Notes are issued, an additional $105 million aggregate principal amount of Notes. The offering is expected to settle on June 21, 2024, subject to customary closing conditions.
Exane BNP Paribas initiated coverage of Itron with a rating of Outperform and set a new price target of $133.00
TD Cowen reiterated coverage of Itron with a rating of Buy and set a new price target of $125.00 from $115.00 previously
Guggenheim upgraded Itron from Neutral to Buy and set a new price target of $130.00
Piper Sandler downgraded Itron from Overweight to Neutral and set a new price target of $109.00
TD Cowen reiterated coverage of Itron with a rating of Buy and set a new price target of $115.00 from $110.00 previously
TD Cowen reiterated coverage of Itron with a rating of Outperform and set a new price target of $110.00 from $107.00 previously
Robert W. Baird upgraded Itron from Neutral to Outperform and set a new price target of $108.00 from $68.00 previously
Canaccord Genuity upgraded Itron from Hold to Buy and set a new price target of $105.00 from $68.00 previously
Oppenheimer upgraded Itron from Perform to Outperform and set a new price target of $81.00
Raymond James downgraded Itron from Outperform to Mkt Perform
LIBERTY LAKE, Wash., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its second quarter ended June 30, 2024. Key results for the quarter include (compared with the second quarter of 2023): Revenue of $609 million, increased 13%;Gross profit of $210 million, increased 21%;GAAP net income attributable to Itron, Inc. of $51 million, increased $27 million;GAAP diluted earnings per share of $1.10, increased $0.57 per share;Non-GAAP diluted EPS of $1.21, increased $0.56 per share;Adjusted EBITDA of $77 million, increased 56%; andFree cash flow of $45 million, increa
LIBERTY LAKE, Wash., July 23, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced a global call for nominations for the 2024 Itron Innovator Award. The nominations are open through Friday, Sept. 6, 2024. The sixth annual Itron Innovator Award will recognize an Itron utility or city customer who has implemented a cutting-edge solution that leverages Itron's Technology Partner Enablement Program to overcome energy or water challenges or help create a more resourceful world. The winner will be announced at Itron Inspire 2024, Itron's premier customer-focused conference that unites industry leaders and
LIBERTY LAKE, Wash., July 18, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, has shipped more than a million Cyble 5 water communication modules. Itron customer, and one of the largest U.K. water utilities, Severn Trent Water, was the recipient of the 1 millionth module. Severn Trent Water is deploying Itron Cyble 5 equipped water meters as part of its Green Recovery Program, which aims to address the impacts of climate disruption and support economic vitality across the region. The solution plays a significant role in advancing Severn Trent Water's goals of improving consumer engagement, reducing water
LIBERTY LAKE, Wash., July 17, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced its flagship customer event, Itron Inspire, will take place Oct. 4-10, 2024, at the JW Marriott Desert Springs Resort & Spa in Palm Desert, California. Itron's premier, customer-focused event will include a keynote presentation from Southern California Edison's senior vice president and chief information officer, Todd Inlander, focused on the utility's innovative approach to better serving customers. Also taking the stage on day two will be Dr. Michael E. Webber, the John J. McKetta Centennial Energy Chair at the Univ
LIBERTY LAKE, Wash., July 11, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended June 30, 2024 before the opening of market on Thursday, Aug. 1, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Aug. 1, 2024 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed fro
LIBERTY LAKE, Wash., June 17, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI) (the "Company"), which is innovating new ways for utilities and cities to manage energy and water, today announced the pricing of its private offering of $700 million aggregate principal amount of its 1.375% convertible senior notes due 2030 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The offering size was increased from the previously announced offering size of $500 million aggregate principal amount of Notes. The Company also granted the initial purchasers of the Notes an option to
LIBERTY LAKE, Wash., June 17, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI) (the "Company"), which is innovating new ways for utilities and cities to manage energy and water, today announced that it intends to commence a private offering, subject to market and other conditions, of $500.0 million aggregate principal amount of convertible senior notes due 2030 (the "Notes") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company intends to grant the initial purchasers of the Notes an option to purchase, for settlement during a 13-day period beginning on, and including, the
LIBERTY LAKE, Wash., June 12, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that Integra S.R.L. (Integra), a water, electricity, heat and gas supplier in Italy, Switzerland and Albania, has officially joined the Itron Engage Sales Channel Partner Program and is Itron's first channel partner in Italy. The Itron Engage Sales Channel Partner Program hosts an array of unique suppliers worldwide. With the addition of Integra, more utilities and cities in Italy can enhance their grid infrastructure with Itron's solutions and establish a strong local business relationship. The Itron channel partner
LIBERTY LAKE, Wash. and BOSTON, June 06, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, and VODA.ai, which helps utilities by performing AI-based analyses, are collaborating to simplify how water utilities identify and predict which pipe assets need to be replaced, rehabilitated or contain lead. Through this collaboration, Itron will introduce Pipe Asset Management, a solution that helps utilities reduce costs associated with pipe replacement decisions. The solution combines detailed meter data from Itron's end-to-end water portfolio with data the utility is already collecting and is powered by daVinci™,
LIBERTY LAKE, Wash., June 05, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), who is innovating new ways for utilities and cities to manage energy and water, published its 2023 Corporate Sustainability Report. The report details Itron's commitment to create a more resourceful world by helping utilities and cities achieve their sustainability goals, improve their environmental footprint, and shares the company's progress on advancing its own sustainability initiatives. "At Itron, doing the right thing is more than a corporate objective; it is a fundamental principle that guides our actions. We are proud to have achieved our initial goal of reducing our owned carbon emissions by 50% i
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LIBERTY LAKE, Wash., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its second quarter ended June 30, 2024. Key results for the quarter include (compared with the second quarter of 2023): Revenue of $609 million, increased 13%;Gross profit of $210 million, increased 21%;GAAP net income attributable to Itron, Inc. of $51 million, increased $27 million;GAAP diluted earnings per share of $1.10, increased $0.57 per share;Non-GAAP diluted EPS of $1.21, increased $0.56 per share;Adjusted EBITDA of $77 million, increased 56%; andFree cash flow of $45 million, increa
LIBERTY LAKE, Wash., July 11, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended June 30, 2024 before the opening of market on Thursday, Aug. 1, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Aug. 1, 2024 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed fro
LIBERTY LAKE, Wash., May 02, 2024 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its first quarter ended March 31, 2024. Key results for the quarter include (compared with the first quarter of 2023): Revenue of $603 million, increased 22%;Gross profit of $205 million, increased 31%;GAAP net income attributable to Itron, Inc. of $52 million, increased $64 million;GAAP diluted earnings per share of $1.12, increased $1.38 per share;Non-GAAP diluted EPS of $1.24, increased $0.75 per share;Adjusted EBITDA of $76 million, increased 94%; andFree cash flow of $34 million, increased $4
Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today that it will release financial results for the quarter ended March 31, 2024 before the opening of market on Thursday, May 2, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on May 2, 2024 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company's website at https://investors.itron.com/e
Acquisition to Help Accelerate the Energy Transition with Grid Planning, Operations and Engineering Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced today it is expanding its Grid Edge Intelligence portfolio through the acquisition of Elpis Squared, an innovative provider of software and services for utility grid operations, effective immediately. Founded in 2013 and headquartered in Newport Beach, CA, Elpis Squared is modernizing the electric distribution grid by providing innovative, cost-effective management and optimization solutions to utilities. The acquisition will strengthen and complement Itron's solutions, a
Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced financial results for its fourth quarter and full year ended Dec. 31, 2023. Key results for the quarter and full year include (compared with the fourth quarter and full year of 2022): Revenue of $577 million and $2.2 billion, increased 23% and 21%; Gross profit of $196 million and $714 million, increased 39% and 37%; GAAP net income attributable to Itron, Inc. of $44 million and $97 million, increased $22 million and $107 million; GAAP diluted earnings per share of $0.96 and $2.11, increased $0.47 and $2.33; Non-GAAP diluted EPS of $1.23 and $3.36, increased
Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will release financial results for the fourth quarter and full year ended Dec. 31, 2023 before the opening of market on Monday, Feb. 26, 2024. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Feb. 26, 2024 at 8:30 a.m. EST followed by the management conference call at 10 a.m. EST to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company's website at https://investo
Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its third quarter ended September 30, 2023. Key results for the quarter include (compared with the third quarter of 2022): Revenue of $561 million, increased 33%; Gross profit of $187 million, increased 56%; GAAP net income of $40 million, increased $36 million; GAAP diluted earnings per share of $0.87, increased $0.78 per share; Non-GAAP diluted EPS of $0.98, increased $0.75 per share; Adjusted EBITDA of $68 million, increased 181%; Free cash flow of $28 million, increased $18 million; and Total backlog of $4.3 billion increased
Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will release financial results for the quarter ended Sep. 30, 2023 before the market opens on Thursday, Nov. 2, 2023. The company's press release and financial statements will be available on the company's website at https://investors.itron.com on Nov. 2, 2023 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results. Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company's website at https://investors.itron.com/events.cfm. P
Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today financial results for its second quarter ended June 30, 2023. Key results for the quarter include (compared with the second quarter of 2022): Revenue of $541 million, increased 25%; Gross profit of $174 million, increased 38%; GAAP net income of $24 million, increased $61 million; GAAP diluted earnings per share of $0.53, increased $1.35 per share; Non-GAAP diluted EPS of $0.65, increased $0.58 per share; Adjusted EBITDA of $49 million, increased 182%; Free cash flow of $36 million, increased $26 million; and Total backlog of $4.5 billion increased 11%
Bangladesh Rural Electrification Board to Deploy Itron Solution to Improve Operational Efficiency and Customer Service Itron, Inc. (NASDAQ:ITRI), which is innovating new ways for utilities and cities to manage energy and water, announced that Bangladesh Rural Electrification Board (BREB), a government organization and the largest power distributor in Bangladesh, has selected Itron to provide its Advanced Metering Infrastructure (AMI) solution as the foundational technology to build a more resilient grid. This project supports a sustainable future in Bangladesh by helping to modernize BREB's distribution system. Included, BREB can empower its customers through greater visibility and contro
Technology Executive Brings More Than 30 Years of Expertise in Cybersecurity, Data Protection and Customer Service Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Sanjay Mirchandani, CEO of Commvault, to its board of directors, effective July 18, 2023. Mirchandani has more than 30 years of experience in cybersecurity, data protection, customer service and technology, most recently as CEO of Commvault, the recognized leader in data backup and recovery. Since joining Commvault, Mirchandani has innovated Commvault's industry-recognized portfolio, launching Metallic, an award-winning SaaS offering, and s
Finance Executive Brings More Than 30 Years of Energy Industry Expertise Itron, Inc. (NASDAQ:ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Mary Hemmingsen, an energy and infrastructure industry executive with deep utility industry expertise, to its board of directors, effective Oct. 7. Hemmingsen brings more than 30 years of expertise in finance, asset management, project delivery, business development and governance. Since 2017, she has served in a variety of executive advisory roles for energy industry organizations as well as board roles. From 2013 to 2017, Hemmingsen was a global partner and gas, power and utilities
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today the appointment of Santiago Perez, a senior advisor at Arsenal Capital Partners and former executive at Schneider Electric, to its board of directors, effective June 1. Perez brings nearly 35 years of sales, product management and service operations experience in high-tech industries, including the energy, building automation and industrial automation sectors. Prior to his engagement with Arsenal, Perez served as chief commercial digital officer and senior vice president of U.S. services and solutions at Schneider Electric fro