Ituran Location and Control (ITRN) Scheduled to Post Earnings on Tuesday

Ituran Location and Control (NASDAQ:ITRN) will be issuing its quarterly earnings data before the market opens on Tuesday, May 28th. Parties that are interested in participating in the company’s conference call can do so using this link.

Ituran Location and Control (NASDAQ:ITRN) last issued its earnings results on Thursday, February 29th. The industrial products company reported $0.60 earnings per share for the quarter. Ituran Location and Control had a net margin of 15.04% and a return on equity of 28.61%. The firm had revenue of $77.81 million for the quarter.

Ituran Location and Control Price Performance

Shares of Ituran Location and Control stock opened at $26.45 on Friday. Ituran Location and Control has a fifty-two week low of $22.36 and a fifty-two week high of $31.01. The firm has a market capitalization of $526.09 million, a P/E ratio of 11.02 and a beta of 1.17. The company’s 50 day moving average price is $27.02 and its two-hundred day moving average price is $26.42.

Ituran Location and Control Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were given a $0.39 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $1.56 dividend on an annualized basis and a yield of 5.90%. This is a positive change from Ituran Location and Control’s previous quarterly dividend of $0.24. Ituran Location and Control’s dividend payout ratio (DPR) is currently 65.00%.

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.