Wall Street analysts expect Iteris Inc (NASDAQ:ITI) to report earnings of $0.04 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Iteris’ earnings. The highest EPS estimate is $0.04 and the lowest is $0.03. Iteris posted earnings of ($0.05) per share in the same quarter last year, which would suggest a positive year over year growth rate of 180%. The firm is expected to announce its next quarterly earnings report on Tuesday, November 3rd.
On average, analysts expect that Iteris will report full-year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.11 to $0.19. For the next fiscal year, analysts forecast that the company will report earnings of $0.22 per share, with EPS estimates ranging from $0.21 to $0.23. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Iteris.
Iteris (NASDAQ:ITI) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.29. Iteris had a negative return on equity of 5.52% and a net margin of 5.46%.
Several analysts have weighed in on ITI shares. ValuEngine raised Iteris from a “hold” rating to a “buy” rating in a report on Friday, May 15th. JMP Securities reaffirmed an “outperform” rating and issued a $9.00 price target on shares of Iteris in a report on Thursday, June 18th. TheStreet upgraded shares of Iteris from a “d” rating to a “c-” rating in a research report on Thursday, June 11th. B. Riley reissued a “buy” rating and issued a $8.50 price target on shares of Iteris in a report on Wednesday, June 10th. Finally, Northland Securities began coverage on Iteris in a research note on Wednesday, June 10th. They set a “buy” rating and a $9.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $8.06.
Shares of ITI traded down $0.13 on Tuesday, reaching $4.43. The stock had a trading volume of 127,600 shares, compared to its average volume of 147,634. The firm has a 50-day moving average of $4.80 and a 200 day moving average of $4.35. The firm has a market capitalization of $181.30 million, a PE ratio of 27.69, a PEG ratio of 8.86 and a beta of 1.00. Iteris has a twelve month low of $2.08 and a twelve month high of $6.69. The company has a quick ratio of 2.44, a current ratio of 2.53 and a debt-to-equity ratio of 0.15.
In related news, Director Tom Thomas acquired 10,000 shares of the stock in a transaction dated Monday, June 22nd. The stock was bought at an average cost of $4.88 per share, with a total value of $48,800.00. Following the purchase, the director now directly owns 40,403 shares of the company’s stock, valued at $197,166.64. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.64% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its position in shares of Iteris by 44.3% during the first quarter. Citigroup Inc. now owns 11,609 shares of the technology company’s stock worth $37,000 after buying an additional 3,563 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Iteris by 125.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 12,406 shares of the technology company’s stock valued at $40,000 after purchasing an additional 6,899 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Iteris during the first quarter worth about $46,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Iteris by 26.4% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,333 shares of the technology company’s stock valued at $46,000 after buying an additional 2,993 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Iteris by 53.5% during the 2nd quarter. Bank of America Corp DE now owns 14,057 shares of the technology company’s stock worth $67,000 after buying an additional 4,901 shares during the last quarter. 48.02% of the stock is currently owned by hedge funds and other institutional investors.
Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.
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