Ituran Location and Control Ltd. (NASDAQ:ITRN – Get Free Report)’s stock price shot up 4.3% during trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $29.14 and last traded at $29.06. 47,249 shares changed hands 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 analysts’ consensus estimates of $0.61 by $0.05. Ituran Location and Control had a return on equity of 28.58% and a net margin of 15.30%. The company had revenue of $84.87 million during the quarter.
Ituran Location and Control Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date is Thursday, September 26th. Ituran Location and Control’s dividend payout ratio (DPR) is currently 62.40%.
Institutional Inflows and Outflows
Ituran Location and Control Stock Performance
The firm has a market capitalization of $576.93 million, a price-to-earnings ratio of 11.15 and a beta of 1.16. The business’s 50 day moving average is $25.73 and its 200-day moving average is $26.39.
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.
Further Reading
- Five stocks we like better than Ituran Location and Control
- What is a Bond Market Holiday? How to Invest and Trade
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- Why Invest in 5G? How to Invest in 5G Stocks
- Lowe’s Stock: Hold Now, Buy it When it Dips
- What Are the FAANG Stocks and Are They Good Investments?
- 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.