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ITRI $119.27

ITRI target price
119.27
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Itron, Inc.
Type
Public
Traded as NASDAQ: ITRI
S&P 600 Component
Industry Technology
Founded 1977
Headquarters Liberty Lake, Washington,
United States
Number of locations
49 sites in over 100 countries (of which 27 are manufacturing facilities)
Key people
Philip Mezey (President & CEO)
Products Itron Riva
Smart Meters
Smart Grid
Data Collection
Analysis Software
Data Management
Water Comm Modules
Professional Services
Sensing + Control
Solar Monitoring
Revenue Increase $2 billion (2014)
Website www.itron.com

Itron is an American technology company that offers products and services on energy and water resource management. Its headquarters is in Liberty Lake, Washington, United States. Its products and services include technology solutions related to smart grid, smart gas and smart water that measure and analyze electricity, gas and water consumption. Its products include electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. Itron has over 8,000 customers in more than 100 countries.


Itron was founded by a small group of engineers trying to find more efficient ways to read meters in Hauser Lake, Idaho, in 1977. In 1984, Itron experienced global expansion into the Asian market and developed new manufacturing plants in France and the U.K. By 2006, Itron consulting teams were created to offer services for energy efficiency programs, renewables, conservation and demand response. Itron gained national recognition from the White House in 2010, for its commitment to U.S.-based manufacturing and contributions to a clean energy economy. Within the same year, Itron and Cisco formed an alliance to deliver Internet Protocol (IP) communications to the smart grid market thus changing networking capabilities for utilities. Itron is a founding member of the Smart Cities Council, having joined in 2013. Itron is also a partner of Microsoft CityNext helping with global Smart City initiatives. After developing Itron OpenWay Riva adaptive communications technology (ACT), Itron launched the Itron Riva Developers Community for the Internet of Things, for developers interested in developing software applications for the IoT space.

2017 - Itron acquires Comverge, industry-leading demand response provider also offering energy efficiency and customer engagement solutions.
2012 - Itron acquires SmartSynch, cellular communications and also acquires C&N GasGate Technology for enhanced smart gas distribution systems.
2007 - Itron expands global footprint and both gas and water metering products are added to product portfolio. Itron acquires Actaris Metering Systems.
2004 – Itron acquires Schlumberger Electricity Metering.
2002 - Itron acquires software solutions for distributed system design, field workforce management and energy forecasting.
1996 - Itron acquires UTS, bringing MV-90 metering software application to its product portfolio.
1995 - AEG Meters are acquired with production sites in Italy, Germany, Spain & South Africa.
1993 – Itron acquires two German companies, Heliowatt and Danyl.
1989 - Itron acquires a number of metering companies including, Thorn Emi Gas Metering in the U.K. and Bosco Spa in Italy.
1987 – Itron acquires Allmess Congermania and Conteuro Rigas in Europe, as well as two U.S. companies for gas and water meter technology, Sprague and Neptune, respectfully.

Various utilities have worked with Itron to deploy smart meters, advanced communications technology, analytics software and other resource management solutions. Below are some of the utilities that have worked and partnered with Itron for smart meter projects.

Itron has won multiple awards for their work on smart grids from Greentech Media and Frost & Sullivan.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-02 Future report Set alerts
Q2 2022 2022-08-04 0.07 0.07
Q1 2022 2022-05-02 0.11 0.11
Q4 2021 2022-02-28 0.75 0.75
Q3 2021 2021-11-04 0.21 0.21
Q2 2021 2021-08-05 0.00 0.00
Q1 2021 2021-05-03 0.52 0.52
Q4 2020 2021-02-24 0.65 0.65
Q3 2020 2020-11-02 0.00 0.00
Q2 2020 2020-08-03 0.03 -1.56

Ratings

2016-05-04 Reiterated Rating Canaccord Genuity Buy
2016-04-17 Reiterated Rating Canaccord Genuity Buy
2016-03-16 Reiterated Rating Canaccord Genuity Buy
2016-03-07 Reiterated Rating Robert W. Baird Outperform $47.00
2016-03-03 Upgrade Argus Hold to Buy $48.00
2016-03-02 Reiterated Rating Canaccord Genuity Buy
2016-02-18 Boost Price Target Wedbush Outperform $42.00 to $46.00
2016-02-18 Boost Price Target Robert W. Baird Buy $42.00 to $47.00
2016-01-12 Initiated Coverage Wedbush Outperform $42.00
2015-12-11 Reiterated Rating Canaccord Genuity Buy $45.00
2015-11-10 Reiterated Rating Canaccord Genuity Buy $45.00
2015-11-04 Reiterated Rating Robert W. Baird Outperform $38.00 to $42.00
2015-11-04 Reiterated Rating Canaccord Genuity Buy $45.00
2015-10-22 Reiterated Rating Robert W. Baird Outperform $38.00
2015-10-19 Upgrade Canaccord Genuity Hold to Buy $35.00 to $45.00
2015-10-07 Initiated Coverage Gabelli Hold $39.00
2015-09-10 Initiated Coverage Oppenheimer Market Perform
2015-09-10 Initiated Coverage Oppenheimer Holdings Inc. Market Perform
2015-08-31 Reiterated Rating Needham & Company LLC Buy $46.00
2015-08-06 Reiterated Rating Canaccord Genuity Hold $35.00
2015-08-06 Lower Price Target Robert W. Baird Outperform $45.00 to $38.00
2015-07-20 Lower Price Target Canaccord Genuity Hold $40.00 to $35.00
2015-05-29 Reiterated Rating Robert W. Baird Outperform $45.00
2015-05-05 Reiterated Rating Canaccord Genuity Hold $40.00
2015-05-05 Lower Price Target Northland Securities Market Perform $41.00 to $37.00
2015-03-12 Reiterated Rating Canaccord Genuity Hold $40.00
2015-02-12 Reiterated Rating Brean Capital Hold
2015-02-12 Reiterated Rating Canaccord Genuity Hold $42.00 to $40.00
2015-02-12 Lower Price Target Northland Securities Hold $44.00 to $41.00
2014-09-11 Initiated Coverage Cowen and Company Market Perform $43.00
2014-09-10 Boost Price Target Canaccord Genuity Hold $41.00 to $42.00
2014-08-12 Initiated Coverage Northland Securities Market Perform $40.00
2014-08-06 Upgrade Brean Capital Sell to Hold
2014-08-06 Reiterated Rating JPMorgan Chase & Co. Underweight $30.00 to $31.00
2014-08-06 Reiterated Rating Macquarie Neutral $32.00 to $35.00
2014-07-21 Downgrade Bank of America Buy to Underperform $40.00 to $39.00
2014-07-21 Downgrade Bank of America Corp. Buy to Underperform $40.00 to $39.00
2014-05-28 Initiated Coverage Stifel Nicolaus Hold
2014-05-05 Boost Price Target Credit Suisse $38.00 to $40.00
2014-04-28 Reiterated Rating Robert W. Baird Outperform $41.00
2014-04-25 Boost Price Target Brean Capital Sell $28.00 to $30.00
2014-03-05 Initiated Coverage Stephens Equal Weight
2014-02-14 Upgrade Stifel Nicolaus Sell to Hold
2014-02-13 Downgrade Brean Capital Hold to Sell $28.00
2014-02-13 Downgrade Credit Suisse Neutral $45.00
2014-02-13 Downgrade JPMorgan Chase & Co. Neutral to Underweight $41.00 to $30.00
2014-02-13 Downgrade Canaccord Genuity Buy to Hold $48.00 to $38.00
2014-02-12 Upgrade Needham & Company LLC Hold to Buy $45.00
2014-01-08 Downgrade Argus Buy to Hold
2013-11-01 Boost Price Target Wedbush Outperform $45.00 to $51.00
2013-10-31 Downgrade Janney Montgomery Scott Buy to Neutral $48.00 to $40.00
2013-10-31 Upgrade Brean Capital Sell to Hold
2013-08-01 Downgrade Brean Capital Hold to Sell $34
2013-04-29 Reiterated Canaccord Genuity Buy $50 to $48
2012-02-16 Upgrade Robert W. Baird Neutral to Outperform $32 to $53
2016-05-04 Reiterated Rating Canaccord Genuity Buy
2016-04-17 Reiterated Rating Canaccord Genuity Buy
2016-03-16 Reiterated Rating Canaccord Genuity Buy
2016-03-07 Reiterated Rating Robert W. Baird Outperform $47.00
2016-03-03 Upgrade Argus Hold to Buy $48.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
SCOPIA FUND MANAGEMENT, LLC 13.31%  (5222140) ACOR / ITRI / PHH /
Deitrich Thomas Exec VP and COO 0.22%  (87451) FSL / ITRI /
MEZEY PHILIP President and CEO 0.20%  (76647) ITRI /
HOLLERAN JOHN W Exec VP and COO 0.18%  (70735) ITRI /
HELMBRECHT STEVEN M Sr. VP & CFO 0.16%  (61286) ITRI /
CADIEUX MICHEL Sr. VP - HR 0.07%  (29174) ITRI /
Schmitz William Mark Executive VP and CFO 0.07%  (25971) ITRI /
Pruitt Gary E 0.05%  (21305) ESL / ITRI / PSA / PSB /
GAYLORD CHARLES H JR 0.05%  (18646) ITRI /
ELIASSEN JON E Chairman of the Board 0.04%  (17492) ITRI / RLH /
WILSON GRAHAM M 0.04%  (15146) ITRI /
DYESS KIRBY 0.04%  (14953) ITRI / POR / VIAS /
Votava Shannon M. VP/General Counsel/Corp Sec 0.04%  (14697) ITRI /
NELSON SHARON L 0.04%  (13971) ITRI /
GLANVILLE THOMAS S 0.03%  (13456) ITRI / MIND /
Ziegler Lynda L. 0.03%  (13358) ITRI /
VANOS RUSSELL E Sr. VP ? Strategy & Bus Dev 0.03%  (12159) ITRI /
Pelino Daniel S 0.03%  (10777) ITRI /
LEYDEN TIMOTHY M 0.02%  (7734) ITRI / WDC /
JAEHNERT FRANK M 0.02%  (7103) BGG / BRC / ITRI / NDSN /
Tremblay Diana D 0.02%  (7103) ITRI /
Serff Jared P VP, Competitive Resources 0.02%  (6106) DK / ITRI /
Lande Jerome J. 0.01%  (5445) CNMD / ITRI /
Mainz Peter 0.01%  (5347) ITRI /
Farrow Robert Henry Alban Interim CFO 0.01%  (4305) ITRI /
Hooper Joan S Sr. VP & CFO 0.01%  (3652) HELI / ITRI /
Pulli Michael V 0.01%  (3359) ITRI /