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

Ituran Location and Control (NASDAQ:ITRNGet Free Report) released its earnings results on Tuesday. The industrial products company reported $0.66 earnings per share for the quarter, Zacks reports. Ituran Location and Control had a net margin of 15.04% and a return on equity of 28.61%. The business had revenue of $85.03 million during the quarter.

Ituran Location and Control Price Performance

Ituran Location and Control stock traded down $0.17 during mid-day trading on Wednesday, hitting $27.56. 14,076 shares of the company’s stock traded hands, compared to its average volume of 49,924. The firm has a 50 day simple moving average of $26.99 and a two-hundred day simple moving average of $26.47. Ituran Location and Control has a fifty-two week low of $22.36 and a fifty-two week high of $31.01. The stock has a market cap of $548.17 million, a price-to-earnings ratio of 11.42 and a beta of 1.17.

Ituran Location and Control Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.66%. The ex-dividend date is Tuesday, June 18th. Ituran Location and Control’s dividend payout ratio is 65.00%.

Ituran Location and Control Company Profile

(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.

Further Reading

Earnings History for Ituran Location and Control (NASDAQ:ITRN)

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