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

Ituran Location and Control (NASDAQ:ITRN) announced its quarterly earnings results on Monday. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $84.87 million for the quarter.

Ituran Location and Control Stock Up 2.6 %

Shares of ITRN stock opened at $28.60 on Wednesday. The firm has a market capitalization of $568.97 million, a P/E ratio of 11.44 and a beta of 1.16. Ituran Location and Control has a twelve month low of $24.01 and a twelve month high of $31.01. The stock’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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Thursday, September 26th. Ituran Location and Control’s dividend payout ratio (DPR) is 62.40%.

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.