Itron Inc. (ITRI)’s Financial Results Comparing With Novanta Inc. (NASDAQ:NOVT)

Itron Inc. (NASDAQ:ITRI) and Novanta Inc. (NASDAQ:NOVT) compete against each other in the Scientific & Technical Instruments sector. We will compare them and contrast their institutional ownership, analyst recommendations, profitability, risk, dividends, earnings and valuation.

Earnings & Valuation

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Itron Inc. 2.38B 0.98 44.51M 1.12 50.81
Novanta Inc. 624.56M 4.80 56.63M 1.39 60.14

In table 1 we can see Itron Inc. and Novanta Inc.’s gross revenue, earnings per share and valuation. Novanta Inc. is observed to has lower revenue, but higher earnings than Itron Inc. Company that presently has a lower P/E ratio means that it is the more affordable of the two businesses. Itron Inc.’s presently lower P/E ratio makes it the more affordable of the two businesses.

Profitability

Table 2 represents Itron Inc. (NASDAQ:ITRI) and Novanta Inc. (NASDAQ:NOVT)’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Itron Inc. 1.87% 6.4% 1.7%
Novanta Inc. 9.07% 13.5% 6.3%

Risk & Volatility

A 1.28 beta means Itron Inc.’s volatility is 28.00% more than Standard and Poor’s 500’s volatility. Novanta Inc.’s 49.00% more volatile than Standard and Poor’s 500 volatility due to the company’s 1.49 beta.

Liquidity

The Current Ratio and a Quick Ratio of Itron Inc. are 1.4 and 1.1. Competitively, Novanta Inc. has 2.7 and 1.7 for Current and Quick Ratio. Novanta Inc.’s better ability to pay short and long-term obligations than Itron Inc.

Analyst Recommendations

Recommendations and Ratings for Itron Inc. and Novanta Inc. can be find in next table.

Sell Ratings Hold Ratings Buy Ratings Rating Score
Itron Inc. 0 0 4 3.00
Novanta Inc. 0 1 0 2.00

The average target price of Itron Inc. is $67.25, with potential upside of 12.82%. On the other hand, Novanta Inc.’s potential downside is -5.52% and its average target price is $81. The data from earlier shows that analysts opinion suggest that Itron Inc. seems more appealing than Novanta Inc.

Institutional and Insider Ownership

The shares of both Itron Inc. and Novanta Inc. are owned by institutional investors at 0% and 88.1% respectively. Itron Inc.’s share held by insiders are 1%. Insiders Comparatively, held 4.4% of Novanta Inc. shares.

Performance

In this table we show the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
Itron Inc. -7.57% 16.75% -4.36% 5.59% -15.1% 20.55%
Novanta Inc. 1.18% -6.13% 14.16% 10.59% 33.49% 32.22%

For the past year Itron Inc. has weaker performance than Novanta Inc.

Summary

Novanta Inc. beats Itron Inc. on 12 of the 15 factors.

Itron, Inc. provides metering solutions to electricity, gas, and water utility markets worldwide. The company operates through three segments: Electricity, Gas, and Water. It offers standard electromechanical and electronic, gas, and water and heat meters; and advanced and smart electricity, gas, and water meters and communication modules. The company also provides prepayment systems, including smart key, keypad, and smart card communication technologies; advanced systems, such as handheld, mobile, and fixed network collection technologies; smart network technologies; meter data management software; and knowledge application solutions. In addition, it offers installation and software implementation; professional services comprising consulting and analysis; and project management, installation, and post-sale maintenance support services. The company offers its standard metering systems to measure electricity, natural gas, water, or thermal energy; advanced metering systems to collect, store, and transmit meter data to handheld computers, mobile units, telephone, radio frequency, cellular, power line carrier, and fixed networks. Itron, Inc. markets its products directly through its sales force, as well as through indirect sales force consisting of distributors, sales representatives, partners, and meter manufacturer representatives to utilities. The company was founded in 1977 and is headquartered in Liberty Lake, Washington.

Novanta Inc., together with its subsidiaries, designs, develops, manufactures, markets, and sells precision photonic and motion control components and subsystems to original equipment manufacturers in the medical equipment and advanced industrial technology markets worldwide. The company operates in three segments: Photonics, Vision, and Precision Motion. The Photonics segment offers photonics-based solutions, including CO2 laser sources, and laser scanning and laser beam delivery products for photonics-based applications, such as industrial material processing, metrology, medical and life science imaging, and medical laser procedures. The Vision segment provides a range of medical grade technologies, including visualization solutions, imaging informatics products, optical data collection and machine vision technologies, RFID technologies, thermal printers, light and color measurement instrumentation, and embedded touch screen solutions. The Precision Motion segment offers optical encoders, precision motor and other motion control technology, air bearing spindles, and precision machined components. The company sells its products through its direct sales force; distributors, including manufacturersÂ’ representatives; resellers; and system integrators under the MicroE, Celera Motion, Westwind, Synrad, Cambridge Technology, ExoTec Precision, General Scanning, Photo Research, JADAK, NDS, NDSsi, Applimotion, Lincoln Laser, Skyetek, and Reach Technology brands. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts.

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