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

Ituran Location and Control (NASDAQ:ITRN) issued its earnings results on Monday. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05, Yahoo Finance reports. Ituran Location and Control had a return on equity of 28.58% and a net margin of 15.30%. The business had revenue of $84.87 million during the quarter.

Ituran Location and Control Trading Up 2.6 %

NASDAQ:ITRN opened at $28.60 on Wednesday. Ituran Location and Control has a twelve month low of $24.01 and a twelve month high of $31.01. The firm has a market capitalization of $568.97 million, a price-to-earnings ratio of 11.44 and a beta of 1.16. The firm’s fifty day simple moving average is $25.78 and its 200 day simple moving average is $26.41.

Ituran Location and Control Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Thursday, September 26th. Ituran Location and Control’s payout ratio is currently 62.40%.

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.