Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) – Equities research analysts at Jefferies Financial Group dropped their Q2 2019 earnings per share (EPS) estimates for Ituran Location and Control Ltd. (US) in a research note issued on Thursday, July 18th, Zacks Investment Research reports. Jefferies Financial Group analyst D. Kelley now expects that the industrial products company will earn $0.52 per share for the quarter, down from their previous estimate of $0.67. Jefferies Financial Group also issued estimates for Ituran Location and Control Ltd. (US)’s Q3 2019 earnings at $0.59 EPS, Q1 2020 earnings at $0.59 EPS, Q2 2020 earnings at $0.67 EPS, Q3 2020 earnings at $0.69 EPS, Q4 2020 earnings at $0.84 EPS and FY2020 earnings at $2.79 EPS.
A number of other analysts have also recently weighed in on the company. BidaskClub upgraded Ituran Location and Control Ltd. (US) from a “strong sell” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research cut Ituran Location and Control Ltd. (US) from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Finally, Barclays set a $39.00 price target on Ituran Location and Control Ltd. (US) and gave the company a “buy” rating in a research note on Thursday, May 23rd.
Shares of NASDAQ ITRN traded down $0.09 during mid-day trading on Friday, hitting $29.41. The company had a trading volume of 45,056 shares, compared to its average volume of 91,356. Ituran Location and Control Ltd. has a 1-year low of $28.82 and a 1-year high of $38.50. The company has a quick ratio of 1.55, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock has a market cap of $629.58 million, a P/E ratio of 12.00, a PEG ratio of 0.79 and a beta of 0.83. The business’s 50-day moving average price is $30.46.
Ituran Location and Control Ltd. (US) (NASDAQ:ITRN) last announced its quarterly earnings data on Tuesday, May 21st. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.17). The company had revenue of $73.60 million during the quarter, compared to analyst estimates of $86.76 million. Ituran Location and Control Ltd. (US) had a net margin of 23.24% and a return on equity of 32.82%.
Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc raised its stake in Ituran Location and Control Ltd. (US) by 58.8% in the fourth quarter. Legal & General Group Plc now owns 929 shares of the industrial products company’s stock valued at $30,000 after buying an additional 344 shares in the last quarter. Bank of America Corp DE increased its position in shares of Ituran Location and Control Ltd. (US) by 16.5% during the fourth quarter. Bank of America Corp DE now owns 3,376 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 477 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of Ituran Location and Control Ltd. (US) by 51.7% during the first quarter. Campbell & CO Investment Adviser LLC now owns 12,757 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 4,347 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of Ituran Location and Control Ltd. (US) during the first quarter worth about $691,000. Finally, Summit Global Investments increased its position in shares of Ituran Location and Control Ltd. (US) by 7.1% during the first quarter. Summit Global Investments now owns 22,500 shares of the industrial products company’s stock worth $768,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 61.06% of the company’s stock.
Ituran Location and Control Ltd. (US) Company Profile
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.
