Ituran Location and Control (ITRN) Expected to Announce Quarterly Earnings on Wednesday

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) is expected to be announcing its Q1 2025 earnings results before the market opens on Wednesday, May 28th. Analysts expect the company to announce earnings of $0.70 per share and revenue of $88.47 million for the quarter.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%. The firm had revenue of $82.88 million during the quarter, compared to the consensus estimate of $81.81 million.

Ituran Location and Control Trading Up 0.4%

Shares of NASDAQ ITRN opened at $37.99 on Wednesday. Ituran Location and Control has a 12-month low of $24.12 and a 12-month high of $45.43. The company has a market cap of $755.77 million, a P/E ratio of 14.56 and a beta of 0.80. The stock has a fifty day moving average price of $35.40 and a 200 day moving average price of $33.67.

Ituran Location and Control Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, March 20th. This is an increase from Ituran Location and Control's previous quarterly dividend of $0.39. This represents a $2.00 annualized dividend and a yield of 5.26%. Ituran Location and Control's payout ratio is currently 73.80%.

Analysts Set New Price Targets

Separately, Barclays boosted their target price on shares of Ituran Location and Control from $35.00 to $50.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th.

Institutional Investors Weigh In On Ituran Location and Control

A hedge fund recently raised its stake in Ituran Location and Control stock. Jones Financial Companies Lllp boosted its position in Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 327.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,226 shares of the industrial products company's stock after purchasing an additional 939 shares during the quarter. Jones Financial Companies Lllp's holdings in Ituran Location and Control were worth $43,000 at the end of the most recent quarter. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Ituran Location and Control Company Profile

Ituran Location and Control Ltd., together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to 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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