China smartphone shipments slumped in June on inventory overhang: Jefferies
Patrick Justin K, Senior Vice President of Device Solutions at Itron, Inc. (NASDAQ:ITRI), a company currently valued at $5.2 billion with strong financial health according to InvestingPro analysis, recently sold 375 shares of the company’s common stock. The shares were sold on May 27, 2025, at an average price of $114.9451 each, totaling $43,104. This transaction was carried out to cover tax withholding obligations related to the vesting of a restricted stock unit award. Following the sale, Patrick Justin K retains direct ownership of 30,185 shares in Itron. The company maintains healthy financials with a current ratio of 1.93 and operates with moderate debt levels. Notably, six analysts have revised their earnings estimates upward for the upcoming period, with price targets ranging from $110 to $137 per share. For deeper insights into Itron’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Itron, Inc. reported its first-quarter 2025 earnings, revealing an earnings per share (EPS) of $1.52, which exceeded analyst forecasts of $1.32. Despite this positive earnings result, the company’s revenue of $607 million fell short of the projected $614.49 million. The company achieved a record gross margin of 35.8% and an EBITDA margin of 14.5%, highlighting its strong operational performance. Additionally, Itron has doubled its authorized shares of common stock from 75 million to 150 million following shareholder approval, aiming to provide greater flexibility for future corporate needs. The company also updated its bylaws and ratified the appointment of Deloitte & Touche LLP as its independent registered public accounting firm for 2025. Looking ahead, Itron forecasts second-quarter 2025 revenue between $595 million and $615 million, with a non-GAAP EPS range of $1.30 to $1.40. The company remains focused on mergers and acquisitions, particularly in the software domain, as highlighted by CFO Joan Hooper. Despite macroeconomic uncertainties, CEO Tom Dietrich emphasized Itron’s strategic positioning to navigate market disruptions effectively.
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