Ituran Location and Control (NASDAQ:ITRN) Posts Earnings Results, Beats Estimates By $0.01 EPS

by · The Markets Daily

Ituran Location and Control (NASDAQ:ITRN – Get Free Report) released its earnings results on Wednesday. The industrial products company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01, FiscalAI reports. The company had revenue of $104.79 million for the quarter, compared to analyst estimates 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 Trading Down 1.6%

NASDAQ ITRN traded down $0.85 during mid-day trading on Thursday, reaching $53.22. 71,719 shares of the company’s stock traded hands, compared to its average volume of 131,107. The company has a fifty day simple moving average of $58.73 and a 200-day simple moving average of $54.73. Ituran Location and Control has a 1-year low of $32.71 and a 1-year high of $68.30. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 17.60 and a beta of 0.79.

Ituran Location and Control Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 29th. Ituran Location and Control’s payout ratio is presently 66.01%.

Hedge Funds Weigh In On Ituran Location and Control

A number of large investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in Ituran Location and Control in the third quarter valued at $28,000. Global Retirement Partners LLC boosted its holdings in Ituran Location and Control by 50.1% during the fourth quarter. Global Retirement Partners LLC now owns 656 shares of the industrial products company’s stock worth $28,000 after buying an additional 219 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Ituran Location and Control by 327.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,226 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 939 shares during the last quarter. National Bank of Canada FI bought a new stake in Ituran Location and Control in the 3rd quarter valued at about $53,000. Finally, Quantbot Technologies LP purchased a new position in shares of Ituran Location and Control during the third quarter valued at approximately $63,000. Institutional investors own 94.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Ituran Location and Control in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Ituran Location and Control from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Finally, Zacks Research upgraded Ituran Location and Control to a “hold” rating in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Ituran Location and Control has an average rating of “Moderate Buy” and an average target price of $60.67.

View Our Latest Analysis on ITRN

Trending Headlines about Ituran Location and Control

Here are the key news stories impacting Ituran Location and Control this week:

  • Positive Sentiment: Record quarterly performance: Revenue reached $104.8 million, up 21% year over year and ahead of the $99.8 million consensus estimate. Subscription revenue increased 25%, while EBITDA climbed 24% to a record $28.5 million. Adjusted earnings of $0.88 per share also exceeded forecasts by $0.01. Ituran Presents Second Quarter 2026 Results
  • Positive Sentiment: Shareholder return: The board approved a $0.50-per-share cash dividend, totaling approximately $10 million. The dividend represents an annualized yield of about 3.7%, with payment scheduled for October 14 to investors of record September 29. Ituran Dividend Distribution
  • Positive Sentiment: Growth opportunity: Management outlined plans to expand its big-data business beyond Israel, potentially creating additional revenue streams from the company’s connected-vehicle and location-data capabilities. Ituran Big Data Expansion
  • Neutral Sentiment: Longer-term initiatives: Management characterized Ituranmob as a midterm project, indicating that investors should not expect it to materially affect near-term results. The expansion strategy could require time and investment before producing meaningful returns. Q2 2026 Earnings Call Transcript
  • Negative Sentiment: Potential profit-taking and technical pressure: Although fundamentals were favorable, the shares remained below their 50-day moving average of $58.73, which may reflect investor caution or profit-taking following the company’s earlier rally.

Ituran Location and Control Company Profile

(Get Free Report)

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.

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