Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) declared a quarterly dividend on Tuesday, August 19th, RTT News reports. Shareholders of record on Thursday, September 25th will be paid a dividend of 0.50 per share by the industrial products company on Friday, October 10th. This represents a c) dividend on an annualized basis and a yield of 5.0%.
Ituran Location and Control has a payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings.
Ituran Location and Control Trading Down 1.1%
NASDAQ:ITRN opened at $40.28 on Tuesday. Ituran Location and Control has a 1-year low of $25.86 and a 1-year high of $45.43. The business's fifty day moving average price is $38.93 and its 200 day moving average price is $37.37. The firm has a market capitalization of $801.17 million, a price-to-earnings ratio of 14.49 and a beta of 0.89.
Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last posted its earnings results on Tuesday, August 19th. The industrial products company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.06). Ituran Location and Control had a return on equity of 29.19% and a net margin of 16.35%. The company had revenue of $86.79 million for the quarter, compared to the consensus estimate of $89.17 million.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of Ituran Location and Control from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th.
View Our Latest Research Report on Ituran Location and Control
About Ituran Location and Control
(
Get Free Report)
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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