Itron (NASDAQ:ITRI) announced its quarterly earnings data on Sunday. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10, MarketWatch Earnings reports. Itron had a negative net margin of 2.85% and a positive return on equity of 9.74%. The firm had revenue of $519.60 million for the quarter, compared to analysts’ expectations of $547.37 million. During the same period last year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was down 13.2% on a year-over-year basis.
ITRI traded down $3.90 on Tuesday, reaching $84.55. The company had a trading volume of 350,729 shares, compared to its average volume of 566,716. The business has a 50 day simple moving average of $90.43 and a 200 day simple moving average of $89.97. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -52.19 and a beta of 1.18. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.95 and a current ratio of 2.30. Itron has a 52-week low of $50.87 and a 52-week high of $122.31.
In other Itron news, SVP Michel Cadieux sold 6,316 shares of Itron stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of $95.25, for a total transaction of $601,599.00. Following the transaction, the senior vice president now directly owns 29,542 shares of the company’s stock, valued at $2,813,875.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.72% of the company’s stock.
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.
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