Ituran Location and Control (NASDAQ:ITRN) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Ituran Location and Control (NASDAQ:ITRN) announced its earnings results on Wednesday. The industrial products company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01, FiscalAI reports. The business had revenue of $104.79 million during the quarter, compared to the consensus estimate of $99.84 million. Ituran Location and Control had a net margin of 16.03% and a return on equity of 27.70%.

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 Stock Performance

Shares of NASDAQ ITRN traded up $4.00 during midday trading on Wednesday, hitting $56.66. 94,141 shares of the stock traded hands, compared to its average volume of 130,659. Ituran Location and Control has a one year low of $32.71 and a one year high of $68.30. The business has a 50 day moving average price of $58.95 and a two-hundred day moving average price of $54.66. The company has a market cap of $1.13 billion, a PE ratio of 18.70 and a beta of 0.79.

Ituran Location and Control Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, June 24th. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Ituran Location and Control’s payout ratio is currently 66.01%.

Institutional Trading of Ituran Location and Control

Several hedge funds have recently bought and sold shares of ITRN. Nuveen LLC raised its position in Ituran Location and Control by 721.6% in the 4th quarter. Nuveen LLC now owns 104,190 shares of the industrial products company’s stock valued at $4,481,000 after buying an additional 91,509 shares during the last quarter. Man Group plc boosted its holdings in Ituran Location and Control by 90.8% during the second quarter. Man Group plc now owns 137,657 shares of the industrial products company’s stock worth $5,331,000 after purchasing an additional 65,502 shares during the last quarter. Millennium Management LLC boosted its holdings in Ituran Location and Control by 71.1% during the fourth quarter. Millennium Management LLC now owns 125,478 shares of the industrial products company’s stock worth $5,397,000 after purchasing an additional 52,150 shares during the last quarter. First Trust Advisors LP grew its position in Ituran Location and Control by 74.2% in the 3rd quarter. First Trust Advisors LP now owns 117,720 shares of the industrial products company’s stock worth $4,205,000 after purchasing an additional 50,127 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Ituran Location and Control by 251.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 61,951 shares of the industrial products company’s stock valued at $2,665,000 after buying an additional 44,315 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ITRN. Wall Street Zen upgraded Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. UBS Group reissued a “buy” rating on shares of Ituran Location and Control in a research note on Wednesday, May 27th. Finally, Zacks Research upgraded Ituran Location and Control to a “hold” rating in a research report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.67.

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.