Ituran Location And Control Increases Dividend To 6%
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AZOUR, Israel, Nov. 21, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ:ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.39 per share, totaling approximately US $8 million. The dividend will be paid to shareholders of record as of December 23, 2024. The Company will pay the dividend out on January 8, 2025, net of taxes at the rate of 25%. In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of Directors concluded that the above-mentioned distribution will not undermine the Company's abil
Continued strong profitability and reiterates guidance;Declares an $8 million dividend for the third quarter of 2024 AZOUR, Israel, Nov. 21, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ:ITRN) today announced its consolidated financial results for the third quarter 2024. Highlights of the third quarter of 2024 Number of subscribers reached 2,369,000, adding a net 40,000 in the third quarter.Revenue of $83.5 million, an increase of 3% year-over-year.Net income increased to $13.7 million, up by 9% year-over-year.EBITDA grew to $23.3 million, a 4% increase year-over-year.Operating cash flow of $17.2 million.The Board declared a dividend of $8 million or $0.39 per share, in line
AZOUR, Israel, Nov. 13, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ:ITRN), a global leader in vehicle telematics, today announced that following its long-term partnership with Nissan in Mexico, Ituran's subsidiary in Chile has signed a 5-year contract with Nissan Chile. Under this agreement, Ituran will provide the Vehicle Location Unit (VLU) and a suite of telematics and stolen vehicle recovery (SVR) services to Nissan and its customers throughout Chile. Following their car purchase, Nissan's customers will enjoy a one year free trial of Ituran's service which will be paid for by Nissan. This agreement will initially cover three vehicle models, with an expected addition o
Barclays reiterated coverage of Ituran Location and Control with a rating of and set a new price target of $26.00 from $23.00 previously
6-K - Ituran Location & Control Ltd. (0001337117) (Filer)
6-K - Ituran Location & Control Ltd. (0001337117) (Filer)
6-K - Ituran Location & Control Ltd. (0001337117) (Filer)
SC 13G/A - Ituran Location & Control Ltd. (0001337117) (Subject)
SC 13G/A - Ituran Location & Control Ltd. (0001337117) (Subject)
SC 13G/A - Ituran Location & Control Ltd. (0001337117) (Subject)
Overall, looking ahead to 2024, management reiterates its expectations for continued revenue growth and profitability throughout the year. Management continues to expect to add approximately 35,000 to 40,000, net new subscribers per each quarter during 2024. From a financial perspective, full-year 2024 EBITDA expectations continue to be between $90-95 million and 2025 EBITDA is targeted to surpass $100 million. It is noted that these targets are based on current exchange rates and assumes that the current global macro-economic situation and political situation in Israel does not significantly worsen.
Ituran Location & Control (NASDAQ:ITRN) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.59 by 11.86 percent. This is a 17.86 percent increase over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $85.03 million which missed the analyst consensus estimate of $85.70 million by 0.79 percent. This is a 6.99 percent increase over sales of $79.47 million the same period last year.
AZOUR, Israel, Nov. 21, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ:ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.39 per share, totaling approximately US $8 million. The dividend will be paid to shareholders of record as of December 23, 2024. The Company will pay the dividend out on January 8, 2025, net of taxes at the rate of 25%. In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of Directors concluded that the above-mentioned distribution will not undermine the Company's abil
Continued strong profitability and reiterates guidance;Declares an $8 million dividend for the third quarter of 2024 AZOUR, Israel, Nov. 21, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ:ITRN) today announced its consolidated financial results for the third quarter 2024. Highlights of the third quarter of 2024 Number of subscribers reached 2,369,000, adding a net 40,000 in the third quarter.Revenue of $83.5 million, an increase of 3% year-over-year.Net income increased to $13.7 million, up by 9% year-over-year.EBITDA grew to $23.3 million, a 4% increase year-over-year.Operating cash flow of $17.2 million.The Board declared a dividend of $8 million or $0.39 per share, in line
Conference Call Scheduled at 10am ET AZOUR, Israel, Oct. 15, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ:ITRN), announced that it will be releasing its third quarter 2024 results on Thursday, November 21, 2024. The Company will be hosting a conference call later that day at 10am Eastern Time. On the call, management will review and discuss the results, and will be available to answer investor questions. To participate, please call one of the following teleconferencing numbers. Please begin placing your calls a few minutes before the conference call commences. If you are unable to connect using the toll-free numbers, please try the international dial-in number. US Dial-in N