Itron Inc Stock Today

ITRI Stock  USD 92.52  0.98  1.07%   

Performance

8 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Itron is trading at 92.52 as of the 29th of March 2024. This is a 1.07 percent up since the beginning of the trading day. The stock's open price was 91.54. Itron has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Itron Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of May 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
4th of November 1993
Category
Technology
Classification
Information Technology
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. Itron, Inc. was incorporated in 1977 and is headquartered in Liberty Lake, Washington. Itron operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. The company has 45.84 M outstanding shares of which 1.58 M shares are currently shorted by private and institutional investors with about 2.59 trading days to cover. More on Itron Inc

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Itron Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Itron's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Itron or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and President and DirectorPhilip Mezey
Thematic Ideas
(View all Themes)
Business ConcentrationElectronic Equipment, Instruments & Components, Scientific & Technical Instruments, Information Technology, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Measuring and Control Equipment, Climate Change, Information Technology, Electronic Equipment, Instruments & Components, Scientific & Technical Instruments, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Itron report their recommendations after researching Itron's financial statements, talking to executives and customers, or listening in on Itron's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Itron Inc. The Itron consensus assessment is calculated by taking the average forecast from all of the analysts covering Itron.
Itron's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Itron's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Itron's financial leverage. It provides some insight into what part of Itron's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Itron's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Itron deploys its capital and how much of that capital is borrowed.
Liquidity
Itron cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 502.46 M in liabilities with Debt to Equity (D/E) ratio of 0.44, which is about average as compared to similar companies. Itron Inc has a current ratio of 1.61, which is within standard range for the sector. Debt can assist Itron until it has trouble settling it off, either with new capital or with free cash flow. So, Itron's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Itron Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Itron to invest in growth at high rates of return. When we think about Itron's use of debt, we should always consider it together with cash and equity.

Change In Working Capital

(41.63 Million)
Itron Inc (ITRI) is traded on NASDAQ Exchange in USA. It is located in 2111 North Molter Road, Liberty Lake, WA, United States, 99019 and employs 5,081 people. Itron is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.24 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Itron's market, we take the total number of its shares issued and multiply it by Itron's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Itron Inc conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 45.84 M outstanding shares of which 1.58 M shares are currently shorted by private and institutional investors with about 2.59 trading days to cover. Itron Inc currently holds about 208.5 M in cash with 122.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.62.
Check Itron Probability Of Bankruptcy
Ownership Allocation
Itron secures a total of 45.84 Million outstanding shares. The majority of Itron Inc outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Itron to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Itron Inc. Please pay attention to any change in the institutional holdings of Itron Inc as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Itron Ownership Details

Itron Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Itron jumping above the current price in 90 days from now is about 7.74%. The Itron Inc probability density function shows the probability of Itron stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.9587. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Itron will likely underperform. Additionally, itron Inc has an alpha of 0.1102, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 92.52HorizonTargetOdds Above 92.52
92.20%90 days
 92.52 
7.74%
Based on a normal probability distribution, the odds of Itron to move above the current price in 90 days from now is about 7.74 (This Itron Inc probability density function shows the probability of Itron Stock to fall within a particular range of prices over 90 days) .

Itron Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Itron that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Itron's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Itron's value.
InstituionRecorded OnShares
Aristotle Capital Boston, Llc2023-12-31
804.8 K
Vontobel Holding Ltd.2023-12-31
804.6 K
First Trust Advisors L.p.2023-12-31
754.2 K
Sam Sustainable Asset Management Ltd2023-12-31
731.2 K
Guinness Asset Management Limited2023-12-31
586 K
Northern Trust Corp2023-12-31
559 K
Morgan Stanley - Brokerage Accounts2023-12-31
557.7 K
Nuveen Asset Management, Llc2023-12-31
548.7 K
Hhg Plc2023-12-31
531 K
Blackrock Inc2023-12-31
8.3 M
Vanguard Group Inc2023-12-31
5.7 M
View Itron Diagnostics

Itron Historical Income Statement

Itron Inc Income Statement is one of the three primary financial statements used for reporting Itron's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Itron Inc revenue and expense. Itron Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Itron's Income Before Tax is increasing as compared to previous years. The Itron's current Net Income is estimated to increase to about 101.8 M, while Interest Expense is projected to decrease to under 7.9 M. View More Fundamentals

Itron Stock Against Markets

Picking the right benchmark for Itron stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Itron stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Itron is critical whether you are bullish or bearish towards Itron Inc at a given time. Please also check how Itron's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Itron without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Itron Corporate Directors

Itron corporate directors refer to members of an Itron board of directors. The board of directors generally takes responsibility for the Itron's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Itron's board members must vote for the resolution. The Itron board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gary PruittIndependent DirectorProfile
Lynda ZieglerIndependent DirectorProfile
Frank JaehnertDirectorProfile
Daniel PelinoDirectorProfile

How to buy Itron Stock?

Before investing in Itron, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Itron. To buy Itron stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Itron. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Itron stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Itron Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Itron Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Itron Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Itron Stock please use our How to Invest in Itron guide.

Already Invested in Itron Inc?

The danger of trading Itron Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Itron is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Itron. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Itron Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Itron Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Itron's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Itron Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Itron Inc Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itron Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running Itron's price analysis, check to measure Itron's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Itron is operating at the current time. Most of Itron's value examination focuses on studying past and present price action to predict the probability of Itron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itron's price. Additionally, you may evaluate how the addition of Itron to your portfolios can decrease your overall portfolio volatility.
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Is Itron's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Itron. If investors know Itron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Itron listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.969
Earnings Share
2.11
Revenue Per Share
47.855
Quarterly Revenue Growth
0.235
Return On Assets
0.0429
The market value of Itron Inc is measured differently than its book value, which is the value of Itron that is recorded on the company's balance sheet. Investors also form their own opinion of Itron's value that differs from its market value or its book value, called intrinsic value, which is Itron's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Itron's market value can be influenced by many factors that don't directly affect Itron's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Itron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Itron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Itron's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.