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

Ituran Location and Control (NASDAQ:ITRN) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.05, FiscalAI reports. The firm had revenue of $102.67 million for the quarter, compared to the consensus estimate of $95.32 million. Ituran Location and Control had a net margin of 16.03% and a return on equity of 27.56%.

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 Price Performance

Ituran Location and Control stock opened at $63.87 on Thursday. The firm has a 50 day simple moving average of $55.18 and a 200-day simple moving average of $47.89. The stock has a market capitalization of $1.27 billion, a PE ratio of 21.08 and a beta of 0.73. Ituran Location and Control has a 12-month low of $32.71 and a 12-month high of $66.44.

Ituran Location and Control Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 24th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. Ituran Location and Control’s dividend payout ratio (DPR) is 206.19%.

Key Ituran Location and Control News

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

• Positive Sentiment: Ituran reported Q1 2026 EPS of $0.85, ahead of estimates, while revenue of $102.67 million also topped expectations; the company said revenue rose 19% year over year and subscription revenue increased 21%, signaling solid operating momentum. ITURAN PRESENTS FIRST QUARTER 2026 RESULTS
• Positive Sentiment: The company announced a quarterly cash dividend of $0.50 per share, totaling about $10 million, which reinforces its shareholder-friendly capital return strategy. ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million for the First Quarter of 2026
• Positive Sentiment: Management also expanded share buybacks and highlighted strong cash generation, with roughly $108 million in net cash, supporting the view that the balance sheet remains healthy. Why Ituran Location and Control (ITRN) Is Up 7.8% After Dividend Hike And Buyback Expansion
• Positive Sentiment: Investor commentary after the earnings release noted that Ituran’s subscriber base grew by 40,000 in the quarter, helped by OEM partnerships and new initiatives such as IturanMob and Big Data analytics, suggesting room for continued growth. Ituran’s Strong Q1 Results Keep The Buy Case Alive

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Aristides Capital LLC boosted its holdings in shares of Ituran Location and Control by 1.1% in the fourth quarter. Aristides Capital LLC now owns 283,405 shares of the industrial products company’s stock valued at $12,189,000 after acquiring an additional 3,010 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Ituran Location and Control by 32.1% in the third quarter. Raymond James Financial Inc. now owns 159,200 shares of the industrial products company’s stock valued at $5,687,000 after acquiring an additional 38,655 shares in the last quarter. Man Group plc boosted its holdings in shares of Ituran Location and Control by 90.8% in the second quarter. Man Group plc now owns 137,657 shares of the industrial products company’s stock valued at $5,331,000 after acquiring an additional 65,502 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Ituran Location and Control by 71.1% in the fourth quarter. Millennium Management LLC now owns 125,478 shares of the industrial products company’s stock valued at $5,397,000 after acquiring an additional 52,150 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Ituran Location and Control by 74.2% in the third quarter. First Trust Advisors LP now owns 117,720 shares of the industrial products company’s stock valued at $4,205,000 after acquiring an additional 50,127 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ITRN shares. Loop Capital set a $57.00 price objective on shares of Ituran Location and Control in a research report on Monday, March 9th. Maxim Group started coverage on shares of Ituran Location and Control in a research report on Thursday, March 12th. They issued a “buy” rating and a $70.00 price objective on the stock. Wall Street Zen downgraded shares of Ituran Location and Control from a “strong-buy” rating to a “buy” rating in a research report on Monday. Barclays lifted their price objective on shares of Ituran Location and Control from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Finally, UBS Group reiterated a “buy” rating on shares of Ituran Location and Control in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $60.67.

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.