Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) released its earnings results on Monday. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.07), Fidelity Earnings reports. Ituran Location and Control Ltd. (US) had a net margin of 20.55% and a return on equity of 29.72%. The firm had revenue of $69.00 million during the quarter, compared to analyst estimates of $70.09 million.
NASDAQ ITRN opened at $24.50 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.77 and a quick ratio of 1.51. The stock’s fifty day moving average price is $24.68 and its 200 day moving average price is $28.30. Ituran Location and Control Ltd. has a 1 year low of $22.51 and a 1 year high of $38.50. The company has a market cap of $497.69 million, a price-to-earnings ratio of 10.14, a PEG ratio of 0.78 and a beta of 0.90.
Several equities analysts recently issued reports on the company. ValuEngine raised Ituran Location and Control Ltd. (US) from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. BidaskClub downgraded Ituran Location and Control Ltd. (US) from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. TheStreet downgraded Ituran Location and Control Ltd. (US) from a “b-” rating to a “c+” rating in a research report on Monday, October 14th. Finally, Barclays cut their target price on Ituran Location and Control Ltd. (US) from $39.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $37.00.
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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