Research Analysts Set Expectations for Ituran Location and Control Ltd.’s Q2 2022 Earnings (NASDAQ:ITRN)

Ituran Location and Control Ltd. (NASDAQ:ITRNGet Rating) – Research analysts at Jefferies Financial Group dropped their Q2 2022 earnings per share (EPS) estimates for shares of Ituran Location and Control in a report issued on Wednesday, May 25th. Jefferies Financial Group analyst D. Kelley now expects that the industrial products company will earn $0.46 per share for the quarter, down from their previous forecast of $0.47. Jefferies Financial Group also issued estimates for Ituran Location and Control’s Q3 2022 earnings at $0.46 EPS, FY2022 earnings at $1.90 EPS and FY2023 earnings at $2.29 EPS.

Several other analysts have also issued reports on the stock. StockNews.com upgraded shares of Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 2nd. Zacks Investment Research upgraded shares of Ituran Location and Control from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th.

Shares of ITRN opened at $24.06 on Thursday. The company has a market capitalization of $564.69 million, a PE ratio of 14.58 and a beta of 1.30. Ituran Location and Control has a one year low of $19.73 and a one year high of $29.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.56 and a quick ratio of 1.30. The company’s fifty day moving average price is $22.96 and its 200 day moving average price is $24.03.

Ituran Location and Control (NASDAQ:ITRNGet Rating) last released its quarterly earnings results on Tuesday, May 24th. The industrial products company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.05). Ituran Location and Control had a net margin of 12.65% and a return on equity of 27.52%. During the same quarter in the prior year, the company posted $0.40 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Wednesday, June 29th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Tuesday, June 28th. Ituran Location and Control’s dividend payout ratio is currently 25.45%.

Several institutional investors have recently added to or reduced their stakes in ITRN. Lazard Asset Management LLC boosted its holdings in Ituran Location and Control by 17.0% during the fourth quarter. Lazard Asset Management LLC now owns 3,503 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 508 shares during the last quarter. Invesco Ltd. raised its position in shares of Ituran Location and Control by 3.3% in the third quarter. Invesco Ltd. now owns 17,292 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 550 shares during the period. Man Group plc increased its position in Ituran Location and Control by 2.1% during the third quarter. Man Group plc now owns 29,174 shares of the industrial products company’s stock worth $741,000 after acquiring an additional 600 shares during the period. Goldman Sachs Group Inc. increased its position in 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 worth $535,000 after acquiring an additional 614 shares during the period. Finally, Morgan Stanley increased its position in Ituran Location and Control by 9.0% during the first quarter. Morgan Stanley now owns 7,539 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 620 shares during the period. Institutional investors 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.

Read More

Receive News & Ratings for Ituran Location and Control Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ituran Location and Control and related companies with MarketBeat.com's FREE daily email newsletter.