Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) announced its earnings results on Thursday. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08, Fidelity Earnings reports. Ituran Location and Control Ltd. (US) had a net margin of 17.21% and a return on equity of 32.30%.

Shares of ITRN stock opened at $34.40 on Friday. Ituran Location and Control Ltd. has a 1 year low of $29.25 and a 1 year high of $38.00. The firm has a market cap of $799.34 million, a P/E ratio of 16.94, a P/E/G ratio of 1.52 and a beta of 0.88.

ITRN has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on shares of Ituran Location and Control Ltd. (US) in a research report on Friday, July 20th. They set a “buy” rating and a $35.00 target price on the stock. BidaskClub raised shares of Ituran Location and Control Ltd. (US) from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research lowered shares of Ituran Location and Control Ltd. (US) from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Ituran Location and Control Ltd. (US) presently has a consensus rating of “Hold” and a consensus target price of $35.50.

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

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