Ituran Location and Control Ltd. (ITRN) to Issue $0.24 Quarterly Dividend
Ituran Location and Control Ltd. (NASDAQ:ITRN) declared a quarterly dividend on Wednesday, August 16th, Zacks reports. Shareholders of record on Tuesday, September 19th will be paid a dividend of 0.24 per share by the industrial products company on Tuesday, October 10th. This represents a $0.96 annualized dividend and a yield of 3.05%. The ex-dividend date is Monday, September 18th.
Ituran Location and Control (NASDAQ:ITRN) opened at 31.45 on Thursday. The firm has a 50-day moving average of $30.96 and a 200 day moving average of $30.43. Ituran Location and Control has a one year low of $23.95 and a one year high of $36.95. The company has a market capitalization of $659.44 million, a P/E ratio of 17.38 and a beta of 0.80.
Ituran Location and Control (NASDAQ:ITRN) last announced its quarterly earnings data on Wednesday, August 16th. The industrial products company reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $58.53 million during the quarter. Ituran Location and Control had a net margin of 18.15% and a return on equity of 35.51%. On average, equities analysts forecast that Ituran Location and Control will post $1.74 EPS for the current fiscal year.
A number of brokerages have recently issued reports on ITRN. BidaskClub raised shares of Ituran Location and Control from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research cut shares of Ituran Location and Control from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th.
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Ituran Location and Control Company Profile
Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications.
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