Ituran Location and Control (NASDAQ:ITRN) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Ituran Location and Control (NASDAQ:ITRN) released its quarterly earnings data on Wednesday. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02, Zacks reports. Ituran Location and Control had a return on equity of 28.31% and a net margin of 15.65%. The firm had revenue of $82.88 million during the quarter, compared to analysts’ expectations of $81.81 million.

Ituran Location and Control Stock Performance

Shares of NASDAQ ITRN traded down $0.87 during trading on Thursday, reaching $43.04. The stock had a trading volume of 190,201 shares, compared to its average volume of 216,731. Ituran Location and Control has a one year low of $24.12 and a one year high of $45.43. The stock has a market cap of $856.24 million, a PE ratio of 16.48 and a beta of 1.15. The firm’s 50 day moving average price is $33.83 and its two-hundred day moving average price is $29.99.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their price objective on Ituran Location and Control from $35.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday.

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.