Ituran Location and Control (NASDAQ:ITRN) Announces Quarterly Earnings Results

Ituran Location and Control (NASDAQ:ITRN) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01, FiscalAI reports. The company had revenue of $104.79 million during the quarter, compared to analysts’ expectations of $99.84 million. Ituran Location and Control had a return on equity of 29.25% and a net margin of 16.28%.

Here are the key takeaways from Ituran Location and Control’s conference call:

• Ituran reported record second-quarter results, with revenue up 21% year over year to $104.8 million, EBITDA up 24% to $28.5 million, and net income up 29% to $17.3 million. EBITDA margin improved to 27.2%.
• Recurring subscription revenue grew 25% to $79.8 million, while the subscriber base added 41,000 net customers to reach 2.711 million. OEM programs, particularly in South America and with Stellantis, Yamaha, and BMW, remain key growth drivers.
• Strong cash generation continued, with record operating cash flow of $32.2 million and $103.7 million of net cash and marketable securities with no debt. The company declared a $10 million quarterly dividend and repurchased $3 million of shares.
• Big-data initiatives are progressing through pilots and discussions with governmental, transportation, and commercial customers, initially focused on Israel before potential expansion to Brazil and Mexico. However, management characterized IturanMOB in the U.S. as a midterm opportunity unlikely to contribute materially in 2026 or 2027.
• Motorcycle telematics is gaining traction in Brazil, while usage-based insurance is growing mainly in Israel but remains limited by low average revenue per user and the insurance industry’s slow adoption of data-driven pricing.

Ituran Location and Control Trading Up 1.7%

NASDAQ:ITRN traded up $0.92 on Friday, hitting $54.60. The company had a trading volume of 25,169 shares, compared to its average volume of 131,314. Ituran Location and Control has a 52 week low of $32.71 and a 52 week high of $68.30. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 16.85 and a beta of 0.79. The firm has a 50 day moving average of $58.50 and a two-hundred day moving average of $54.80.

Ituran Location and Control Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.00 annualized dividend and a yield of 3.7%. Ituran Location and Control’s dividend payout ratio is presently 66.01%.

Analyst Upgrades and Downgrades

ITRN has been the topic of a number of recent research reports. UBS Group restated a “buy” rating on shares of Ituran Location and Control in a research note on Wednesday, May 27th. Wall Street Zen raised Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Ituran Location and Control in a research report on Wednesday. Finally, Zacks Research raised Ituran Location and Control to a “hold” rating in a research note on Thursday, May 28th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ituran Location and Control has an average rating of “Moderate Buy” and a consensus target price of $60.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ITRN. Wells Fargo & Company MN boosted its stake in shares of Ituran Location and Control by 14.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,548 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 327 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in shares of Ituran Location and Control in the fourth quarter valued at approximately $246,000. PNC Financial Services Group Inc. raised its holdings in Ituran Location and Control by 15.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,659 shares of the industrial products company’s stock valued at $114,000 after buying an additional 353 shares during the last quarter. Van ECK Associates Corp raised its holdings in Ituran Location and Control by 18.3% in the 3rd quarter. Van ECK Associates Corp now owns 7,132 shares of the industrial products company’s stock valued at $255,000 after buying an additional 1,103 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Ituran Location and Control by 43.2% during the 2nd quarter. Bank of America Corp DE now owns 6,196 shares of the industrial products company’s stock worth $240,000 after buying an additional 1,868 shares during the period. 94.80% of the stock is currently owned by institutional investors.

Ituran Location and Control Company Profile

Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics.

Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications.