Itron (ITRI) Misses Q1 EPS by 5c
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May 5, 2015 9:51 AM EDT
Northland Capital Markets maintained Market Perform rating on Itron, Inc. (NASDAQ: ITRI) and lowers its price target to $37 (from $41) after ITRI posted "modest bookings". Although ITRI announced that Duquesne Light & Power had signed on to have ITRI manage its smart grid network with recurring revenue in the $2/meter range, Northland is concerned that both the Water and Gas segments saw GM declines of 500+ bps Y-o-Y. Management noted that the results were skewed by one-time items.
Northland analyst Noah Kaye comments, "Management reiterated its goal... More
May 5, 2015 7:10 AM EDT
Baird maintaine dan Outperform rating on Itron, Inc. (NASDAQ: ITRI) and kept its price target at $45. This comes after ITRI missed EPS following warranty expenses related to its water segment. Despite this setback, ITRI had solid revenue, and continues to expand its 12-month backlog... More
