Itron (NASDAQ:ITRI) Issues Q3 2026 Earnings Guidance

Itron (NASDAQ:ITRI) updated its third quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.500-1.600 for the period, compared to the consensus EPS estimate of 1.550. The company issued revenue guidance of $590.0 million-$600.0 million, compared to the consensus revenue estimate of $607.4 million. Itron also updated its FY 2026 guidance to 6.300-6.500 EPS.

Itron Trading Up 0.7%

ITRI stock opened at $84.78 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 2.66 and a debt-to-equity ratio of 0.97. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.74 and a beta of 1.32. The business has a fifty day simple moving average of $83.04 and a 200-day simple moving average of $89.73. Itron has a 52 week low of $77.77 and a 52 week high of $142.00.

Itron (NASDAQ:ITRI) last issued its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Itron had a return on equity of 19.54% and a net margin of 12.31%.The firm had revenue of $586.98 million for the quarter, compared to analysts’ expectations of $572.04 million. During the same quarter last year, the firm earned $1.52 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities research analysts expect that Itron will post 6.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ITRI. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Itron in a report on Wednesday, May 20th. Raymond James Financial began coverage on shares of Itron in a report on Tuesday, April 21st. They issued an “underperform” rating on the stock. Zacks Research downgraded shares of Itron from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. dropped their price objective on shares of Itron from $133.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, Roth Capital reissued a “buy” rating and issued a $136.00 target price on shares of Itron in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $131.22.

Insider Activity at Itron

In related news, CFO Joan S. Hooper sold 442 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $37,291.54. Following the sale, the chief financial officer directly owned 117,478 shares of the company’s stock, valued at $9,911,618.86. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Donald L. Reeves III sold 319 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.37, for a total value of $26,914.03. Following the sale, the senior vice president owned 29,100 shares in the company, valued at $2,455,167. The trade was a 1.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 3,946 shares of company stock valued at $324,420. Corporate insiders own 1.77% of the company’s stock.

Hedge Funds Weigh In On Itron

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Itron by 25.3% during the second quarter. EverSource Wealth Advisors LLC now owns 401 shares of the scientific and technical instruments company’s stock worth $53,000 after acquiring an additional 81 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Itron by 29.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 443 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 101 shares during the period. Xponance LLC grew its position in Itron by 3.2% in the 4th quarter. Xponance LLC now owns 3,877 shares of the scientific and technical instruments company’s stock worth $360,000 after purchasing an additional 120 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of Itron by 2.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 6,718 shares of the scientific and technical instruments company’s stock valued at $624,000 after purchasing an additional 146 shares during the period. Finally, Lido Advisors LLC raised its holdings in shares of Itron by 6.2% during the third quarter. Lido Advisors LLC now owns 2,518 shares of the scientific and technical instruments company’s stock valued at $314,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 96.19% of the company’s stock.

Itron Company Profile

Itron, Inc (NASDAQ: ITRI) is a global technology company that develops innovative solutions to measure, manage and analyze the use of energy and water. Its comprehensive portfolio includes smart meters, data collection devices, communication networks and advanced software applications designed to optimize utility operations and foster sustainable resource management. The company’s offerings enable utilities and cities to accurately monitor consumption patterns, streamline billing processes and improve grid reliability.

Itron’s product lineup spans a range of hardware and software solutions, from residential and commercial smart meters to meter data management systems (MDMS), networked communication platforms and analytics tools.