Ituran Location and Control Ltd. (NASDAQ:ITRN – Get Free Report)’s stock price shot up 4.3% during trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $29.14 and last traded at $29.06. 47,249 shares were traded during trading, a decline of 10% from the average session volume of 52,653 shares. The stock had previously closed at $27.87.
The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $84.87 million during the quarter. Ituran Location and Control had a return on equity of 28.58% and a net margin of 15.30%.
Ituran Location and Control Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend is Thursday, September 26th. Ituran Location and Control’s payout ratio is 62.40%.
Institutional Trading of Ituran Location and Control
Ituran Location and Control Stock Performance
The stock’s 50-day simple moving average is $25.78 and its two-hundred day simple moving average is $26.41. The stock has a market cap of $568.97 million, a price-to-earnings ratio of 11.44 and a beta of 1.16.
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.
See Also
- Five stocks we like better than Ituran Location and Control
- Using the MarketBeat Dividend Tax Calculator
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- 3 Stocks to Consider Buying in October
- Lowe’s Stock: Hold Now, Buy it When it Dips
- Pros And Cons Of Monthly Dividend Stocks
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
Receive News & Ratings for Ituran Location and Control Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ituran Location and Control and related companies with MarketBeat.com's FREE daily email newsletter.