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

Ituran Location and Control (NASDAQ:ITRN) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02, Zacks reports. Ituran Location and Control had a net margin of 15.65% and a return on equity of 28.31%.

Ituran Location and Control Price Performance

Shares of ITRN traded up $2.02 during midday trading on Wednesday, hitting $42.19. 361,252 shares of the company traded hands, compared to its average volume of 212,097. Ituran Location and Control has a one year low of $24.12 and a one year high of $45.24. The firm has a market cap of $839.33 million, a P/E ratio of 16.21 and a beta of 1.15. The stock has a 50-day moving average of $33.54 and a 200-day moving average of $29.89.

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.