Ituran Location and Control (NASDAQ:ITRN) Issues Earnings Results, Beats Expectations By $0.05 EPS

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

Ituran Location and Control Stock Performance

NASDAQ:ITRN traded down $0.22 during mid-day trading on Wednesday, reaching $28.38. 23,702 shares of the company’s stock were exchanged, compared to its average volume of 53,210. Ituran Location and Control has a one year low of $24.01 and a one year high of $31.01. The firm has a market capitalization of $564.59 million, a PE ratio of 11.44 and a beta of 1.16. The business’s fifty day simple moving average is $25.78 and its two-hundred day simple moving average is $26.41.

Ituran Location and Control Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Thursday, September 26th. Ituran Location and Control’s dividend 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.