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

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

Ituran Location and Control Stock Performance

NASDAQ:ITRN traded down $0.17 during mid-day trading on Wednesday, hitting $27.56. 14,076 shares of the stock were exchanged, compared to its average volume of 49,924. The firm’s 50-day simple moving average is $26.99 and its 200 day simple moving average is $26.47. The stock has a market capitalization of $548.17 million, a price-to-earnings ratio of 11.42 and a beta of 1.17. Ituran Location and Control has a fifty-two week low of $22.36 and a fifty-two week high of $31.01.

Ituran Location and Control Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend 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.

See Also

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

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