Ituran Location and Control Ltd. (NASDAQ:ITRN) is reporting second quarter financial results on Tuesday 25th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, ITRN is expected to report 2Q20 income of $ 0.22 per share from revenue of $ 49.61 million.
For the full year, analysts anticipate top line of $ 242.04 million, while looking forward to income of $ 1.07 per share bottom line.
Previous Quarter Performance
Ituran Location and Control Ltd. unveiled income for the first quarter of $ 0.31 per share, from the revenue of $ 68.37 million. The quarterly earnings down 38.00 percent while revenues decreased 8.38 percent compared with the same quarter last year.
According to street consensus, ITRN was expected to report 1Q20 income of $ 0.34 per share from revenue of $ 64.10 million. The bottom line results missed street analysts by $ 0.03 or 8.82 percent, at the same time, top line results outshined analysts by $ 4.27 million or 6.66 percent.
Stock Performance
Shares of Ituran Location and Control Ltd. traded high $ 0.59 or 4.27 percent on Monday, reaching $ 14.41 with volume of 16.10 thousand shares. Ituran Location and Control Ltd. has traded high as $ 14.41 and has cracked $ 13.72 on the downward trend
According to the previous trading day, closing price of $ 14.41, representing a 25.52 % increase from the 52 week low of $ 11.01 and a 52.25 % decrease over the 52 week high of $ 28.94.
The company has a market capital of $ 338.28 million and is part of the Technology sector and Communication Equipment industry.
Recent Analyst recommendations
- On 21st July 2020, downgraded by Jefferies Financial Group to Hold from Buy rating.
Conference Call
Ituran Location and Control Ltd. will be hosting a conference call at 9:00 AM eastern time on 25th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1 -88-668-9141 (United States) or +972-3-918-0609 Outside U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.ituran.com/ituranfront/en/about-ituran/investor-relations/
Ituran Location and Control Ltd., together with its subsidiaries, provides location-based services and wireless communications products. The companys Location-Based Services segment provides stolen vehicle recovery and tracking services, which locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and personal locator services that allow customers to protect valuable merchandise and equipment. It also offers on-demand navigation guidance, information, and assistance, including the provision of traffic reports and directions, as well as information on the location of gas stations, car repair shops, post offices, hospitals, and other facilities; and Connect, an Android platform that provides access to Android applications and various services through manufacturer interface.
