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Ituran Location And Control Ltd. - ITRN STOCK NEWS

Welcome to our dedicated news page for Ituran Location And Control Ltd. (Ticker: ITRN), a resource for investors and traders seeking the latest updates and insights on Ituran Location And Control Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ituran Location And Control Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ituran Location And Control Ltd.'s position in the market.

News
Ituran Increases Dividend To 6% And Earns $35 Price Target From Barclay Analyst
Rhea-AI Summary
Ituran Location and Control (ITRN) recently announced a 6% dividend increase and received a $35 price target from Barclay Analyst after a strong Q4 performance. The company added $8 million to its dividend pool, with a forward-looking yield of 6%. Ituran reported impressive financial metrics, including a 9% revenue increase to $320 million, net income of $48 million (up 30% YoY), and EBITDA of $87 million (up 10% YoY).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
dividends
-
News
Ituran to Present at the LD Micro Invitational XIV
Rhea-AI Summary
Ituran Location and Control (ITRN) will be participating at the 14th Annual LD Micro Invitational, presenting to investors on April 9, 2024. Interested parties can register to watch the presentation virtually and schedule one-on-one meetings with management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
conferences
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News
ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $8 MILLION DIVIDEND
Rhea-AI Summary
Ituran Location and Control Ltd. (NASDAQ: ITRN) declared a cash dividend of $0.39 per share, totaling $8 million, to be paid on April 3, 2024, with shareholders of record as of March 20, 2024. The Board of Directors ensured the dividend distribution aligns with Israeli law and won't hinder the company's operations or future plans. Retained earnings pre-distribution were $203.5 million, decreasing to $195.5 million post-distribution. The company held $53.4 million in cash as of December 31, 2023, with minimal long-term debt and healthy current assets exceeding liabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
Tags
dividends
News
ITURAN PRESENTS FOURTH QUARTER & FULL YEAR 2023 RESULTS
Rhea-AI Summary
Ituran Location and Control Ltd. (NASDAQ: ITRN) announced a 60% increase in dividend policy to $8 million per quarter, with full year 2024 EBITDA guidance of $90-95m and a target to surpass $100m in EBITDA in 2025. Financial results for 2023 included record revenue of $320.0 million, net income of $48.1 million, and EBITDA of $87.0 million. The Company added 186,000 subscribers in 2023, reaching a total of 2,252,000 subscribers by year-end.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
Tags
earnings
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News
ITURAN LOCATION AND CONTROL LTD. SCHEDULES FOURTH QUARTER & FULL YEAR 2023 RESULTS RELEASE AND CONFERENCE CALL FOR FEBRUARY 29, 2024
Rhea-AI Summary
Ituran Location and Control Ltd. (NASDAQ: ITRN) will release its fourth quarter and full year 2023 results on February 29, 2024. A conference call will be held at 9am ET on the same day for management to review and discuss the results and answer investor questions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
earnings
-
News
ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $3 MILLION DIVIDEND
Rhea-AI Summary
Ituran Location and Control Ltd. (ITRN) approved a cash dividend of $0.24 per share, totaling approximately US$5 million. The dividend will be paid to shareholders of record as of December 20, 2023, net of taxes at the rate of 25%. Retained earnings as of September 30, 2023, prior to the distribution was US$ 196.3 million and will reach US$ 191.3 million after the distribution. The Company had a cash balance in hand of US$ 39.9 million as of September 30, 2023, and current assets (excluding cash and cash equivalents) were US$ 123.6 million with current liabilities of US$ 84.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.25%
Tags
dividends
News
/C O R R E C T I O N -- Ituran Location and Control Ltd./
Rhea-AI Summary
Ituran Location and Control Ltd. (ITRN) has announced the distribution of a $5 million dividend, with a cash dividend of $0.24 per share, totaling approximately US$5 million. The dividend will be paid to shareholders of record as of December 20, 2023, and the Company will pay the dividend out on January 4, 2024 net of taxes at the rate of 25%. Retained earnings as of September 30, 2023, prior to the distribution was US$ 196.3 million, and retained earnings will reach US$ 191.3 million after the distribution. As of September 30, 2023, the Company had a cash balance in hand of US$ 39.9 million, long-term loan of US$0.3 million, and credit from banking institutions of US$ 1.7 million. The Company's current assets (excluding cash and cash equivalents) were in the sum of US$ 123.6 million, and current liabilities were in the sum of US$ 84.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.25%
Tags
none
-
News
ITURAN PRESENTS THIRD QUARTER 2023 RESULTS
Rhea-AI Summary
Ituran Location and Control Ltd. (ITRN) reported strong net subscriber growth of 48,000 in Q3 2023, leading to record EBITDA of $22.5 million. Revenue increased by 12% year-over-year to $81.1 million, with net income growing by 24% to $12.5 million. The Company declared a dividend of $5 million and repurchased $1.9 million worth of shares in the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.25%
Tags
earnings
-
News
ITURAN LOCATION AND CONTROL LTD. SCHEDULES THIRD QUARTER 2023 RESULTS RELEASE AND CONFERENCE CALL FOR NOVEMBER 27, 2023
Rhea-AI Summary
Ituran Location and Control Ltd. to release Q3 2023 results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
Tags
earnings
News
ITURAN AFFIRMS NO DISRUPTION TO ITS CONTINUED BUSINESS OPERATION IN ISRAEL AND ELSEWHERE
Rhea-AI Summary
Ituran Location and Control Ltd. addresses the impact of the recent terrorist attack and war declaration in Israel, stating that their operations have not been affected and they continue to ensure continuity. Their headquarters are located in a safe environment and most employees can work remotely.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.37%
Tags
none
Stock ITRN logo
Ituran Location And Control Ltd.

Nasdaq:ITRN

ITRN Rankings

#2950 Ranked by Market Cap
#1933 Ranked by Stock Gains
#491 Ranked by Dividends

ITRN Stock Data

518.63M
16.17M
20.72%
67.03%
0.39%
Telephone Apparatus Manufacturing
Manufacturing
Link
Israel
Azor

About ITRN

Ituran Location and Control Ltd. is an Israeli company that provides stolen vehicle recovery and tracking services, and markets GPS wireless communications products. Ituran is traded on NASDAQ and is included in the TA-100 Index.