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

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data 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 data on Wednesday, February 26th. The industrial products company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $82.88 million during the quarter, compared to analysts' expectations of $81.81 million. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%.

Ituran Location and Control Stock Performance

ITRN stock traded up $0.51 during trading on Monday, reaching $37.26. 67,558 shares of the company were exchanged, compared to its average volume of 100,698. Ituran Location and Control has a 52-week low of $24.12 and a 52-week high of $45.43. The company has a market cap of $741.25 million, a P/E ratio of 14.28 and a beta of 0.80. The stock's 50 day moving average price is $35.37 and its 200 day moving average price is $34.01.

Ituran Location and Control Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a dividend of $0.50 per share. This is a positive change from Ituran Location and Control's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $2.00 annualized dividend and a dividend yield of 5.37%. Ituran Location and Control's payout ratio is 73.80%.

Institutional Investors Weigh In On Ituran Location and Control

An institutional investor recently raised its position in Ituran Location and Control stock. Jones Financial Companies Lllp boosted its holdings in shares of Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) by 327.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,226 shares of the industrial products company's stock after acquiring an additional 939 shares during the period. Jones Financial Companies Lllp's holdings in Ituran Location and Control were worth $43,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 94.80% of the company's stock.

Analysts Set New Price Targets

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

About Ituran Location and Control

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.