Ituran Location and Control (NASDAQ:ITRN) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Ituran Location and Control (NASDAQ:ITRN) announced its earnings results on Monday. The industrial products company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05, Yahoo Finance reports. The firm 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 Stock Performance

Shares of ITRN opened at $28.60 on Wednesday. Ituran Location and Control has a 52 week low of $24.01 and a 52 week high of $31.01. The firm has a market capitalization of $568.97 million, a P/E ratio of 11.44 and a beta of 1.16. The company has a 50-day simple moving average of $25.78 and a 200-day simple moving average of $26.41.

Ituran Location and Control Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.56 annualized dividend and a yield of 5.45%. Ituran Location and Control’s dividend payout ratio is 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.