Ituran Location And Control Increases Dividend To 6%
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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
AZOUR, Israel, Aug. 19, 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 September 26, 2024. The Company will pay the dividend out on October 9, 2024 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 abovementioned distribution will not undermine the Company's abili
Continued strong profitability and reiterates guidance; Declares an $8 million dividend for the second quarter of 2024 AZOUR, Israel, Aug. 19, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ:ITRN) today announced its consolidated financial results for the second quarter 2024. Highlights of the Second Quarter of 2024 Number of subscribers reached 2,329,000, adding a net 38,000 in the second quarter.Revenue of $84.9 million, an increase of 4% year-over-year.Net income increased to $13.1 million, up by 7% year-over-year.EBITDA grew to $23.1 million, a 6% increase year-over-year.Operating cash flow of $22.9 million.The Board declared a dividend of $8 million or $0.39 per share, in
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.
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
Recognition highlights Ituran's superior on-time delivery, engineering and problem-solving capabilities MEXICO CITY and AZOUR, Israel, Oct. 15, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ:ITRN) announced that its subsidiary, Ituran Mexico, was awarded Nissan's Supplier of the Year 2024 Regional Aftersales Accessory Parts award. This recognition highlights Ituran's commitment to excellence in delivering high-quality service to Nissan and its customers. The award recognizes Ituran's exceptional business performance across several key areas, including a consistent focus on timely deliveries, superior engineering capabilities and rapid problem-solving. These core competencie
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
Presenting to investors on Wednesday, October 30, 2024 at 8:30am PT AZOUR, Israel, Oct. 9, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ:ITRN), a global leader in vehicle telematics, today announced its management's participation at the 17th Annual LD Micro Main Event XVII Conference taking place at the Luxe Sunset Boulevard Hotel from Monday, October 28th until Wednesday, October 30th. The three-day event will feature around 150 companies, presenting in half-hour increments, and private one-on-one meetings with investors and analysts. Ituran's management will be presenting to investors on Wednesday, October 30 at 8:30am Pacific Time in Track 1 and will be viewable from the
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)
6-K - Ituran Location & Control Ltd. (0001337117) (Filer)
6-K - Ituran Location & Control Ltd. (0001337117) (Filer)
6-K - Ituran Location & Control Ltd. (0001337117) (Filer)