Brokers Set Expectations for Ituran Location and Control Ltd. (US)’s FY2018 Earnings (ITRN)

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) – Analysts at Jefferies Financial Group issued their FY2018 earnings per share estimates for Ituran Location and Control Ltd. (US) in a note issued to investors on Monday, December 3rd. Jefferies Financial Group analyst D. Kelley anticipates that the industrial products company will post earnings of $2.40 per share for the year. Jefferies Financial Group currently has a “Buy” rating and a $41.00 price target on the stock. Jefferies Financial Group also issued estimates for Ituran Location and Control Ltd. (US)’s Q4 2018 earnings at $0.70 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.80 EPS and FY2019 earnings at $3.02 EPS.

Several other brokerages have also recently issued reports on ITRN. BidaskClub upgraded shares of Ituran Location and Control Ltd. (US) from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. Zacks Investment Research upgraded shares of Ituran Location and Control Ltd. (US) from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research report on Friday, November 30th.

Shares of NASDAQ ITRN opened at $32.84 on Thursday. Ituran Location and Control Ltd. has a 1 year low of $29.25 and a 1 year high of $36.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.42 and a current ratio of 1.73. The stock has a market cap of $714.94 million, a P/E ratio of 15.71, a P/E/G ratio of 0.87 and a beta of 0.85.

Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last announced its quarterly earnings results on Monday, November 26th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.14. Ituran Location and Control Ltd. (US) had a net margin of 25.13% and a return on equity of 32.17%. The company had revenue of $53.38 million for the quarter, compared to analysts’ expectations of $57.06 million.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 9th. Investors of record on Wednesday, December 26th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, December 24th. Ituran Location and Control Ltd. (US)’s dividend payout ratio is currently 45.93%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in Ituran Location and Control Ltd. (US) in the second quarter worth about $108,000. RBF Capital LLC purchased a new stake in Ituran Location and Control Ltd. (US) in the third quarter worth about $204,000. Stone Ridge Asset Management LLC purchased a new stake in Ituran Location and Control Ltd. (US) in the third quarter worth about $208,000. WBI Investments Inc. purchased a new stake in Ituran Location and Control Ltd. (US) in the third quarter worth about $233,000. Finally, Marshall Wace LLP purchased a new stake in Ituran Location and Control Ltd. (US) in the third quarter worth about $341,000. Institutional investors own 57.99% of the company’s stock.

About Ituran Location and Control Ltd. (US)

Ituran Location and Control Ltd., together with its subsidiaries, provides location-based services and wireless communications products in Israel, Brazil, Argentina, and the United States. The company's Location-Based Services segment provides stolen vehicle recovery and tracking services, which 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 personal locator services that allow customers to protect valuable merchandise and equipment.

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Earnings History and Estimates for Ituran Location and Control Ltd. (US) (NASDAQ:ITRN)

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