Ituran Location and Control (ITRN) Scheduled to Post Quarterly Earnings on Tuesday

Ituran Location and Control (NASDAQ:ITRNGet Rating) is set to announce its earnings results before the market opens on Tuesday, May 24th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Ituran Location and Control (NASDAQ:ITRNGet Rating) last issued its quarterly earnings results on Monday, March 7th. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $70.36 million during the quarter, compared to analysts’ expectations of $70.03 million. Ituran Location and Control had a net margin of 12.65% and a return on equity of 27.52%. During the same period last year, the business earned $0.33 EPS. On average, analysts expect Ituran Location and Control to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ ITRN opened at $23.13 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average of $22.79 and a 200-day moving average of $24.15. Ituran Location and Control has a 12 month low of $19.73 and a 12 month high of $29.85. The company has a market cap of $542.86 million, a PE ratio of 14.02 and a beta of 1.30.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Wednesday, March 23rd were given a $0.14 dividend. The ex-dividend date was Tuesday, March 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.42%. Ituran Location and Control’s payout ratio is presently 25.45%.

ITRN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Ituran Location and Control from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. StockNews.com raised Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 2nd.

A number of institutional investors have recently added to or reduced their stakes in ITRN. Geode Capital Management LLC grew its position in Ituran Location and Control by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 26,908 shares of the industrial products company’s stock worth $717,000 after acquiring an additional 850 shares in the last quarter. Morgan Stanley grew its holdings in Ituran Location and Control by 208.2% in the second quarter. Morgan Stanley now owns 23,236 shares of the industrial products company’s stock worth $633,000 after purchasing an additional 15,697 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Ituran Location and Control by 3.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 20,088 shares of the industrial products company’s stock valued at $535,000 after buying an additional 614 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Ituran Location and Control by 27.6% during the first quarter. Invesco Ltd. now owns 20,837 shares of the industrial products company’s stock valued at $480,000 after buying an additional 4,502 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Ituran Location and Control by 8.2% during the fourth quarter. Northern Trust Corp now owns 14,146 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 1,073 shares during the period. Institutional investors and hedge funds own 60.03% of the company’s stock.

Ituran Location and Control Company Profile (Get Rating)

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based telematics services and machine-to-machine telematics products. The company's Telematics services segment provides stolen vehicle recovery and tracking services, which locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment.

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Earnings History for Ituran Location and Control (NASDAQ:ITRN)

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