Iteris Inc (NASDAQ:ITI) – Analysts at Dougherty & Co issued their Q1 2020 earnings estimates for Iteris in a report issued on Friday, June 7th, according to Zacks Investment Research. Dougherty & Co analyst R. Department expects that the technology company will earn ($0.05) per share for the quarter. Dougherty & Co has a “Buy” rating on the stock.
Iteris (NASDAQ:ITI) last issued its quarterly earnings data on Monday, June 3rd. The technology company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. Iteris had a negative net margin of 7.89% and a negative return on equity of 10.20%. The business had revenue of $26.09 million during the quarter, compared to analysts’ expectations of $23.95 million.
A number of other research analysts also recently commented on ITI. Northland Securities reissued a “buy” rating and set a $9.00 target price on shares of Iteris in a research report on Monday. ValuEngine raised shares of Iteris from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Iteris currently has an average rating of “Buy” and a consensus price target of $7.08.
Shares of Iteris stock traded down $0.03 during trading on Monday, hitting $5.20. The stock had a trading volume of 181,528 shares, compared to its average volume of 131,870. Iteris has a 12 month low of $3.24 and a 12 month high of $5.73. The company has a fifty day simple moving average of $5.17. The firm has a market capitalization of $174.62 million, a PE ratio of -47.27 and a beta of 0.36.
Institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP raised its holdings in Iteris by 21.0% in the fourth quarter. Royce & Associates LP now owns 1,457,000 shares of the technology company’s stock valued at $5,435,000 after acquiring an additional 253,000 shares in the last quarter. Cowen Prime Services LLC grew its position in shares of Iteris by 20.2% during the first quarter. Cowen Prime Services LLC now owns 1,396,242 shares of the technology company’s stock worth $5,822,000 after acquiring an additional 234,852 shares during the last quarter. B. Riley Financial Inc. grew its position in shares of Iteris by 1,006.0% during the first quarter. B. Riley Financial Inc. now owns 1,004,034 shares of the technology company’s stock worth $4,187,000 after acquiring an additional 913,250 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Iteris in the 1st quarter valued at $3,697,000. Finally, Dimensional Fund Advisors LP grew its position in Iteris by 37.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 281,085 shares of the technology company’s stock valued at $1,048,000 after buying an additional 77,069 shares during the last quarter. 40.18% of the stock is owned by institutional investors and hedge funds.
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.