Ituran Location and Control (NASDAQ:ITRN) Announces Quarterly Earnings Results

Ituran Location and Control (NASDAQ:ITRN) posted its earnings results on Monday. The industrial products company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05, Yahoo Finance reports. Ituran Location and Control had a net margin of 15.30% and a return on equity of 28.58%. The firm had revenue of $84.87 million for the quarter.

Ituran Location and Control Stock Up 3.1 %

Shares of ITRN opened at $27.87 on Tuesday. Ituran Location and Control has a 52-week low of $24.01 and a 52-week high of $31.01. The company has a market cap of $554.45 million, a PE ratio of 11.15 and a beta of 1.16. The business has a fifty day moving average of $25.73 and a 200 day moving average of $26.39.

Ituran Location and Control Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.56 annualized dividend and a yield of 5.60%. Ituran Location and Control’s payout ratio is presently 62.40%.

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.