Ituran Location and Control - ITRN Stock Forecast, Price & News

Ituran Location and Control's stock was trading at $21.13 at the beginning of the year. Since then, ITRN shares have increased by 6.1% and is now trading at $22.42.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our ITRN earnings forecast.

Ituran Location and Control will be holding an earnings conference call on Tuesday, February 28th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Ituran Location and Control Ltd. (NASDAQ:ITRN) announced its quarterly earnings results on Monday, November, 21st. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05. The industrial products company had revenue of $72.66 million for the quarter, compared to analysts' expectations of $71.09 million. Ituran Location and Control had a trailing twelve-month return on equity of 25.69% and a net margin of 12.86%.

Ituran Location and Control declared a quarterly dividend on Monday, November 21st. Stockholders of record on Wednesday, December 21st will be given a dividend of $0.105 per share on Wednesday, January 4th. This represents a $0.42 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Tuesday, December 20th.
Read our dividend analysis for ITRN.

Ituran Location and Control (NASDAQ:ITRN) pays an annual dividend of $0.42 per share and currently has a dividend yield of 1.86%. The dividend payout ratio is 23.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ITRN will have a dividend payout ratio of 18.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ITRN.

9 employees have rated Ituran Location and Control Chief Executive Officer Eyal Sheratzky on Glassdoor.com. Eyal Sheratzky has an approval rating of 99% among the company's employees. This puts Eyal Sheratzky in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ituran Location and Control investors own include MoneyGram International (MGI), Pointer Telocation (PNTR), AbbVie (ABBV), Applied Materials (AMAT), Gilead Sciences (GILD), Teva Pharmaceutical Industries (TEVA), Verizon Communications (VZ), Booking (BKNG), Energy Transfer (ET) and Gilat Satellite Networks (GILT).

Ituran Location and Control trades on the NASDAQ under the ticker symbol "ITRN."

Ituran Location and Control's stock is owned by many different retail and institutional investors. Top institutional investors include Ibex Investors LLC (0.00%), River Road Asset Management LLC (0.00%), Rice Hall James & Associates LLC (1.40%), Seizert Capital Partners LLC (0.00%), ARK Investment Management LLC (0.39%) and Simplex Trading LLC (0.00%).

Shares of ITRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ITRN stock can currently be purchased for approximately $22.42.

The company employs 2,814 workers across the globe.

Ituran Location and Control's mailing address is 3 HASHIKMA STREET, AZOOR L3, 58001. The official website for the company is www.ituran.com. The industrial products company can be reached via phone at (723) 557-1314, via email at ituran@gkir.com, or via fax at 972-3557-1327.