Ituran Location and Control (NASDAQ:ITRN) Announces Earnings Results, Beats Expectations By $0.05 EPS

Ituran Location and Control (NASDAQ:ITRN) announced its earnings results on Tuesday. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05, FiscalAI reports. Ituran Location and Control had a return on equity of 27.27% and a net margin of 16.15%.The business had revenue of $102.67 million for the quarter, compared to analyst estimates of $95.32 million.

Here are the key takeaways from Ituran Location and Control’s conference call:

• Ituran reported a record first quarter, with revenue crossing $100 million for the first time at $102.7 million, up 19% year over year. Subscription revenue also rose 21% to $75.4 million, helping drive double-digit growth in EBITDA and net income.
• The company added 40,000 net new subscribers in the quarter, bringing its total subscriber base to 2.67 million. Management reiterated full-year 2026 guidance for 160,000 to 180,000 net subscriber additions.
• OEM partnerships remain a key growth driver, highlighted by the expanded Stellantis collaboration through the launch of Connect Fiat in South America. Management said it is also in active discussions with additional OEMs and sees this channel as a long-term growth opportunity.
• Ituran is building out new growth initiatives beyond its core telematics subscription business, including IturanMob, Credit Carbon, and big data services. Management said these efforts are still early but are already attracting customer interest and could become meaningful contributors over time.
• The company generated strong cash flow of $18.2 million from operations and ended the quarter with $108 million in net cash and marketable securities. Ituran also declared a $10 million dividend and continued share repurchases under its buyback program.

Ituran Location and Control Stock Up 2.1%

Shares of ITRN opened at $61.39 on Wednesday. Ituran Location and Control has a 12-month low of $32.71 and a 12-month high of $62.82. The business has a 50-day simple moving average of $54.91 and a two-hundred day simple moving average of $47.71. The stock has a market cap of $1.22 billion, a PE ratio of 21.10 and a beta of 0.73.

Ituran Location and Control Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 24th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Ituran Location and Control’s dividend payout ratio is presently 206.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ITRN shares. Weiss Ratings reissued a “buy (b)” rating on shares of Ituran Location and Control in a research report on Friday, March 27th. Barclays lifted their target price on Ituran Location and Control from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Wall Street Zen downgraded Ituran Location and Control from a “strong-buy” rating to a “buy” rating in a research note on Monday. Maxim Group initiated coverage on Ituran Location and Control in a report on Thursday, March 12th. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Loop Capital set a $57.00 price target on Ituran Location and Control in a report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $60.67.

Hedge Funds Weigh In On Ituran Location and Control

A number of institutional investors and hedge funds have recently bought and sold shares of ITRN. Nuveen LLC increased its holdings 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 worth $4,481,000 after purchasing an additional 91,509 shares in the last quarter. Man Group plc increased its holdings in Ituran Location and Control by 90.8% in the 2nd 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 in the last quarter. Millennium Management LLC increased its holdings in Ituran Location and Control by 71.1% in the 4th 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 in the last quarter. First Trust Advisors LP increased its holdings 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 holdings 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 worth $2,665,000 after purchasing an additional 44,315 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

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.