Itron (ITRI) Sees Price Target Reduced by Seaport Research | ITRI Stock News

Seaport Research has adjusted its price target for Itron (ITRI, Financial), bringing it down from $145 to $130. Despite this reduction, the firm maintains a Buy rating on the company’s shares. According to the analyst, Itron delivered an impressive performance in the first quarter, with notable success in margins and strong booking outcomes.

Wall Street Analysts Forecast

Based on the one-year price targets offered by 12 analysts, the average target price for Itron Inc (ITRI, Financial) is $131.42 with a high estimate of $145.00 and a low estimate of $110.00. The average target implies an upside of 18.32% from the current price of $111.07. More detailed estimate data can be found on the Itron Inc (ITRI) Forecast page.

Based on the consensus recommendation from 15 brokerage firms, Itron Inc’s (ITRI, Financial) average brokerage recommendation is currently 1.9, indicating “Outperform” status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

Based on GuruFocus estimates, the estimated GF Value for Itron Inc (ITRI, Financial) in one year is $86.59, suggesting a downside of 22.04% from the current price of $111.07. GF Value is GuruFocus’ estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business’ performance. More detailed data can be found on the Itron Inc (ITRI) Summary page.

ITRI Key Business Developments

Release Date: May 01, 2025

• Revenue: $607 million, increased 1% year-over-year.
• Adjusted EBITDA: $88 million, increased 15% year-over-year.
• Non-GAAP Earnings Per Share: $1.52, up from $1.24 a year ago.
• Free Cash Flow: $67 million, compared to $34 million a year ago.
• Gross Margin: 35.8%, a quarterly record, up 180 basis points year-over-year.
• GAAP Net Income: $65 million or $1.42 per diluted share, compared to $52 million or $1.12 per share in the prior year.
• Bookings: $530 million, book-to-bill ratio of 0.9 to 1.
• Backlog: $4.7 billion at quarter end.
• Device Solutions Revenue: $126 million, gross margin of 30%, operating margin of 24.2%.
• Network Solutions Revenue: $403 million, gross margin of 36.9%, operating margin of 28.8%.
• Outcomes Revenue: $79 million, gross margin of 39.2%, operating margin of 18.2%.
• Total Debt: $1.265 billion, net debt of $142 million.
• Cash and Equivalents: $1.1 billion.
• Net Leverage: 0.4 times.
• Q2 Revenue Outlook: $605 million to $615 million.
• Q2 Non-GAAP EPS Outlook: $1.30 to $1.40 per diluted share.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Itron Inc (ITRI, Financial) reported a strong first quarter with revenue of $607 million, adjusted EBITDA of $88 million, and non-GAAP earnings per share of $1.52.
• The company achieved a record gross margin of 35.8%, driven by favorable product mix and operational efficiencies.
• Itron Inc (ITRI) has a substantial backlog of $4.7 billion, indicating strong future demand and stability.
• The Outcomes segment showed impressive growth, with a 14% year-over-year increase in revenue, driven by increased recurring revenue and software licenses.
• The company is well-positioned to navigate macroeconomic uncertainties due to its strategic focus and operational execution, which align with customer needs.

Negative Points

• Bookings for the first quarter were $530 million, resulting in a book-to-bill ratio of 0.9, which may indicate a potential slowdown in future orders.
• The tariff environment remains dynamic, with an estimated EBITDA impact of $15 million for the year, which could affect profitability.
• Device Solutions revenue was down 1% year-over-year, indicating potential challenges in this segment.
• The Network Solutions segment experienced a slight decrease in gross margin due to product mix, which could impact future profitability.
• There is uncertainty regarding the macroeconomic environment and trade policies, which could potentially affect customer demand and overall business performance.