Iteris Inc (ITI) Forecasted to Earn FY2019 Earnings of $0.06 Per Share

Iteris Inc (NASDAQ:ITI) – Stock analysts at Dougherty & Co issued their FY2019 earnings estimates for shares of Iteris in a research note issued on Monday. Dougherty & Co analyst J. Fisher anticipates that the technology company will earn $0.06 per share for the year.

Several other equities research analysts also recently weighed in on ITI. Zacks Investment Research downgraded shares of Iteris from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. B. Riley restated a “buy” rating and issued a $9.00 target price on shares of Iteris in a research note on Wednesday, November 8th. Finally, Northland Securities set a $9.00 target price on shares of Iteris and gave the company a “buy” rating in a research note on Monday, November 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Iteris currently has a consensus rating of “Buy” and a consensus target price of $8.31.

Shares of Iteris (ITI) traded down $0.07 on Thursday, reaching $6.99. 179,200 shares of the company’s stock traded hands, compared to its average volume of 209,994. The firm has a market capitalization of $230.82, a P/E ratio of -34.95 and a beta of -0.46. Iteris has a 52 week low of $3.52 and a 52 week high of $8.17.

Several large investors have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Iteris during the third quarter valued at $116,000. SG Americas Securities LLC acquired a new position in Iteris during the third quarter valued at $120,000. Wells Fargo & Company MN lifted its position in Iteris by 1,730.8% during the third quarter. Wells Fargo & Company MN now owns 18,308 shares of the technology company’s stock valued at $122,000 after purchasing an additional 17,308 shares during the period. Rhumbline Advisers acquired a new position in Iteris during the second quarter valued at $136,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Iteris during the second quarter valued at $137,000. Institutional investors and hedge funds own 33.35% of the company’s stock.

In other news, insider Todd Kreter sold 37,500 shares of Iteris stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $6.10, for a total transaction of $228,750.00. Following the completion of the sale, the insider now directly owns 40,803 shares in the company, valued at $248,898.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas N. Blair sold 31,250 shares of Iteris stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $6.88, for a total transaction of $215,000.00. Following the sale, the insider now owns 12,500 shares of the company’s stock, valued at $86,000. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

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About Iteris

Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.

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