Equities analysts expect that Iteris, Inc. (NASDAQ:ITI) will report earnings of ($0.02) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Iteris’ earnings, with estimates ranging from ($0.03) to ($0.01). The business is scheduled to announce its next earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Iteris will report full year earnings of ($0.07) per share for the current year. For the next fiscal year, analysts forecast that the company will report earnings of $0.04 per share, with EPS estimates ranging from $0.01 to $0.08. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Iteris.
Several equities research analysts recently commented on the stock. B. Riley reiterated a “buy” rating on shares of Iteris in a research report on Friday, June 9th. ValuEngine upgraded shares of Iteris from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Iteris from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $3.75.
In related news, major shareholder Lloyd I. Miller III sold 100,000 shares of the stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $6.00, for a total value of $600,000.00. Following the completion of the transaction, the insider now owns 42,743 shares in the company, valued at approximately $256,458. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 14.90% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in Iteris stock. Renaissance Technologies LLC raised its stake in Iteris, Inc. (NASDAQ:ITI) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 649,100 shares of the technology company’s stock after buying an additional 48,900 shares during the period. Renaissance Technologies LLC owned about 2.02% of Iteris worth $2,363,000 as of its most recent filing with the SEC. 25.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Iteris (NASDAQ ITI) traded down 0.16% on Friday, reaching $6.11. 7,425 shares of the company’s stock were exchanged. Iteris has a one year low of $3.03 and a one year high of $6.50. The firm’s market capitalization is $198.53 million. The firm has a 50 day moving average of $5.96 and a 200 day moving average of $5.11.
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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