Itron (ITRI) Given Daily Coverage Optimism Rating of 0.07

Media headlines about Itron (NASDAQ:ITRI) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Itron earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the scientific and technical instruments company an impact score of 47.0069938687172 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of research firms have commented on ITRI. Zacks Investment Research lowered shares of Itron from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Needham & Company LLC reissued a “buy” rating and issued a $84.00 price target on shares of Itron in a research report on Friday, November 3rd. JMP Securities set a $102.00 price target on shares of Itron and gave the stock a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity reissued a “hold” rating and issued a $78.00 price target on shares of Itron in a research report on Friday, October 6th. Finally, Robert W. Baird reissued a “hold” rating and issued a $77.00 price target on shares of Itron in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Itron currently has a consensus rating of “Buy” and an average price target of $81.78.

Itron (NASDAQ ITRI) traded up $1.00 during trading hours on Thursday, reaching $66.25. The company had a trading volume of 252,317 shares, compared to its average volume of 194,884. Itron has a 12-month low of $57.80 and a 12-month high of $79.95. The firm has a market capitalization of $2,570.00, a P/E ratio of 24.01, a P/E/G ratio of 1.04 and a beta of 1.07. The company has a quick ratio of 1.26, a current ratio of 1.67 and a debt-to-equity ratio of 0.38.

Itron (NASDAQ:ITRI) last released its quarterly earnings data on Wednesday, November 1st. The scientific and technical instruments company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.12). Itron had a return on equity of 14.84% and a net margin of 3.42%. The firm had revenue of $486.75 million during the quarter, compared to analyst estimates of $526.55 million. During the same quarter in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. equities analysts predict that Itron will post 2.99 earnings per share for the current year.

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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.

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