Maxim Group Issues Optimistic Outlook for ITRN Earnings

Key Points

• Maxim Group raised its Q3 2026 EPS forecast for Ituran Location and Control to $0.91 from $0.88, while projecting $3.54 in FY2026 EPS.
• Ituran recently beat quarterly expectations, reporting $0.88 EPS versus $0.87 estimated and revenue of $104.79 million versus $99.84 million expected.
• Analyst sentiment remains positive, with four Buy ratings and one Hold, while the company declared a quarterly dividend of $0.50 per share, representing a 3.7% annualized yield.

Ituran Location and Control Ltd. (NASDAQ:ITRN - Free Report) - Analysts at Maxim Group upped their Q3 2026 EPS estimates for Ituran Location and Control in a report issued on Thursday, August 13th. Maxim Group analyst A. Klee now forecasts that the industrial products company will post earnings per share of $0.91 for the quarter, up from their prior estimate of $0.88. The consensus estimate for Ituran Location and Control's current full-year earnings is $3.50 per share. Maxim Group also issued estimates for Ituran Location and Control's FY2026 earnings at $3.54 EPS, Q2 2027 earnings at $0.98 EPS, Q3 2027 earnings at $1.01 EPS and Q4 2027 earnings at $1.04 EPS.

Ituran Location and Control (NASDAQ:ITRN - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. The firm had revenue of $104.79 million during the quarter, compared to analyst estimates of $99.84 million. Ituran Location and Control had a return on equity of 29.25% and a net margin of 16.28%.

Several other research analysts have also issued reports on ITRN. Zacks Research raised Ituran Location and Control to a "hold" rating in a research report on Thursday, May 28th. Wall Street Zen raised Ituran Location and Control from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, June 2nd. UBS Group reiterated a "buy" rating on shares of Ituran Location and Control in a research note on Wednesday, May 27th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ituran Location and Control in a report on Wednesday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $60.67.

Ituran Location and Control Stock Down 0.7%

NASDAQ:ITRN opened at $53.69 on Friday. The firm has a 50 day moving average of $58.50 and a 200 day moving average of $54.80. Ituran Location and Control has a 52 week low of $32.71 and a 52 week high of $68.30. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 16.57 and a beta of 0.79.

Institutional Trading of Ituran Location and Control

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC grew its stake in Ituran Location and Control by 50.1% in the 4th quarter. Global Retirement Partners LLC now owns 656 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 219 shares during the period. Values First Advisors Inc. raised its position in Ituran Location and Control by 2.1% during the first quarter. Values First Advisors Inc. now owns 11,217 shares of the industrial products company's stock worth $550,000 after acquiring an additional 234 shares during the period. Assetmark Inc. lifted its holdings in Ituran Location and Control by 14.0% during the fourth quarter. Assetmark Inc. now owns 1,950 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 240 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Ituran Location and Control by 14.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,548 shares of the industrial products company's stock valued at $110,000 after purchasing an additional 327 shares during the period. Finally, Four Tree Island Advisory LLC grew its position in shares of Ituran Location and Control by 0.5% in the fourth quarter. Four Tree Island Advisory LLC now owns 60,806 shares of the industrial products company's stock valued at $2,615,000 after purchasing an additional 330 shares during the period. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Ituran Location and Control Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. Ituran Location and Control's dividend payout ratio is currently 66.01%.

Ituran Location and Control Company Profile

Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics.

Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications.

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