Brokerages Expect Iteris Inc (NASDAQ:ITI) Will Announce Earnings of -$0.03 Per Share

Brokerages predict that Iteris Inc (NASDAQ:ITI) will post earnings of ($0.03) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Iteris’ earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.04). Iteris posted earnings of ($0.01) per share in the same quarter last year, which suggests a negative year over year growth rate of 200%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 5th.

On average, analysts expect that Iteris will report full year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.14) to ($0.05). For the next financial year, analysts expect that the firm will post earnings of $0.01 per share, with EPS estimates ranging from ($0.09) to $0.11. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Iteris.

Iteris (NASDAQ:ITI) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $26.61 million for the quarter, compared to analyst estimates of $26.66 million. Iteris had a negative return on equity of 11.35% and a negative net margin of 7.79%.

A number of analysts have commented on the stock. BidaskClub raised shares of Iteris from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. TheStreet raised shares of Iteris from a “d+” rating to a “c-” rating in a research report on Wednesday, August 28th. Dougherty & Co assumed coverage on shares of Iteris in a research report on Tuesday, August 27th. They set a “buy” rating and a $6.50 price target on the stock. ValuEngine cut shares of Iteris from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research cut shares of Iteris from a “hold” rating to a “sell” rating in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $7.38.

Several hedge funds have recently added to or reduced their stakes in ITI. LPL Financial LLC lifted its position in Iteris by 3.4% in the 2nd quarter. LPL Financial LLC now owns 147,300 shares of the technology company’s stock valued at $762,000 after acquiring an additional 4,900 shares in the last quarter. TIAA FSB boosted its holdings in Iteris by 4.8% in the 3rd quarter. TIAA FSB now owns 108,359 shares of the technology company’s stock valued at $623,000 after purchasing an additional 5,000 shares during the period. Strs Ohio boosted its holdings in Iteris by 5.2% in the 2nd quarter. Strs Ohio now owns 106,300 shares of the technology company’s stock valued at $549,000 after purchasing an additional 5,300 shares during the period. Northern Trust Corp lifted its holdings in shares of Iteris by 2.7% during the 2nd quarter. Northern Trust Corp now owns 348,661 shares of the technology company’s stock worth $1,803,000 after acquiring an additional 9,302 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Iteris during the 2nd quarter worth $62,000. 45.00% of the stock is currently owned by institutional investors.

NASDAQ ITI traded down $0.01 on Thursday, reaching $5.11. The company had a trading volume of 3,743 shares, compared to its average volume of 268,497. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.55 and a quick ratio of 2.46. The firm has a market cap of $208.52 million, a price-to-earnings ratio of -46.45 and a beta of 0.29. The business has a 50 day moving average of $5.56 and a two-hundred day moving average of $5.12. Iteris has a fifty-two week low of $3.24 and a fifty-two week high of $6.69.

Iteris Company Profile

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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