Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Ituran Location and Control (ITRN) Share Price
News headlines about Ituran Location and Control (NASDAQ:ITRN) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ituran Location and Control earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.2005606798167 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of brokerages have recently commented on ITRN. BidaskClub lowered shares of Ituran Location and Control from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Ituran Location and Control from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Wednesday, August 30th.
Ituran Location and Control (NASDAQ:ITRN) opened at 34.05 on Monday. The firm has a market cap of $713.96 million, a price-to-earnings ratio of 17.51 and a beta of 0.80. Ituran Location and Control has a one year low of $23.95 and a one year high of $36.95. The stock’s 50 day moving average is $32.29 and its 200-day moving average is $31.23.
Ituran Location and Control (NASDAQ:ITRN) last released its earnings results on Wednesday, August 16th. The industrial products company reported $0.50 EPS for the quarter. Ituran Location and Control had a net margin of 18.67% and a return on equity of 36.12%. The company had revenue of $58.53 million for the quarter. On average, equities research analysts expect that Ituran Location and Control will post $1.74 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Tuesday, September 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Monday, September 18th. Ituran Location and Control’s dividend payout ratio is currently 49.23%.
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About Ituran Location and Control
Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications.
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