Brokerages Expect Iteris, Inc. (ITI) to Announce -$0.02 Earnings Per Share

Analysts forecast that Iteris, Inc. (NASDAQ:ITI) will announce earnings of ($0.02) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Iteris’ earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.03). The business is scheduled to issue its next earnings results on Thursday, August 3rd.

On average, analysts expect that Iteris will report full-year earnings of ($0.07) per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.04 per share, with EPS estimates ranging from $0.01 to $0.08. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Iteris.

ITI has been the subject of several research reports. ValuEngine lowered Iteris from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. B. Riley reiterated a “buy” rating on shares of Iteris in a research note on Friday, June 9th. Finally, Zacks Investment Research upgraded Iteris from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $3.75.

Iteris (NASDAQ ITI) traded up 3.13% during trading on Tuesday, reaching $5.61. The company’s stock had a trading volume of 139,305 shares. The stock has a 50-day moving average of $5.73 and a 200 day moving average of $4.92. The firm’s market capitalization is $181.34 million. Iteris has a one year low of $2.55 and a one year high of $6.50.

In other Iteris news, major shareholder Lloyd I. Miller III sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $6.00, for a total transaction of $600,000.00. Following the completion of the sale, the insider now directly owns 42,743 shares in the company, valued at approximately $256,458. The transaction was disclosed in a document filed with the SEC, which is available through this link. 14.90% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Iteris stock. Renaissance Technologies LLC boosted its stake in Iteris, Inc. (NASDAQ:ITI) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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. 25.98% of the stock is owned by institutional investors and hedge funds.

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About Iteris

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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