NASDAQ:ITRN

ITURAN LOCATION AND CONTROL LTD. SCHEDULES FIRST QUARTER 2024 RESULTS RELEASE AND CONFERENCE CALL FOR TUESDAY, MAY 28, 2024

Retrieved on: 
Monday, May 6, 2024
Control

AZOUR, Israel, May 6, 2024 /PRNewswire/ --  Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its first quarter 2024 results on Tuesday, May 28, 2024.

Key Points: 
  • AZOUR, Israel, May 6, 2024 /PRNewswire/ --  Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its first quarter 2024 results on Tuesday, May 28, 2024.
  • The Company will be hosting a conference call later that day at 10am Eastern Time.
  • On the call, management will review and discuss the results, and will be available to answer investor questions.
  • Please begin placing your calls a few minutes before the conference call commences.

Ituran Increases Dividend To 6% And Earns $35 Price Target From Barclay Analyst

Retrieved on: 
Monday, April 15, 2024
NOT, System, ZERO, Policy, HPM, Hardware, OEM, Insurance, Traction, Barclays, EBIDTA, Violence, B2B, Multimedia, Control, Growth, Disclosure, Online shopping

That performance helped generate a bullish price target from an analyst at Barclay's, who models that Ituran shares could touch $35 within the next twelve months, an over 33% increase from current levels.

Key Points: 
  • That performance helped generate a bullish price target from an analyst at Barclay's, who models that Ituran shares could touch $35 within the next twelve months, an over 33% increase from current levels.
  • As expected from record operating performances, Ituran ended the year financially solid, with year-end net cash and marketable securities of $53 million.
  • The latter is significant, noting that the company only has about 20 million shares outstanding on a fully diluted basis.
  • Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D.

Ituran to Present at the LD Micro Invitational XIV

Retrieved on: 
Tuesday, March 26, 2024
Control, Sofitel New York Hotel, Cryptocurrency

AZOUR, Israel, March 26, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (Nasdaq: ITRN), a global leader in vehicle telematics, announced today that it will be participating at the 14th Annual LD Micro Invitational at the Sofitel New York on April 8th-9th, 2024. The event is expected to feature 80 companies presenting in half-hour increments, as well as private one-on-one meetings.

Key Points: 
  • The event is expected to feature 80 companies presenting in half-hour increments, as well as private one-on-one meetings.
  • Mr. Udi Mizrahi, Deputy CEO will be presenting to investors on Tuesday, April 9, 2024 at 3:30pm Eastern Time.
  • In addition, management will also be available for one-on-one meetings with investors throughout that day at the conference.
  • To schedule a meeting with management, please contact an LD Micro representative or email a request to the Ituran investor relations team at [email protected] .

ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $8 MILLION DIVIDEND

Retrieved on: 
Thursday, February 29, 2024
Control, Tax, Holding company

AZOUR, Israel, Feb. 29, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.39 per share, totaling approximately US$ 8 million.

Key Points: 
  • AZOUR, Israel, Feb. 29, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.39 per share, totaling approximately US$ 8 million.
  • In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law.
  • Retained earnings as of December 31, 2023, prior to the distribution was US$ 203.5 million and retained earnings will reach US$ 195.5 million after the distribution.
  • The Company also had long-term loan of US$ 0.2 million and credit from banking institutions of US$ 0.4 million.

ITURAN PRESENTS FOURTH QUARTER & FULL YEAR 2023 RESULTS

Retrieved on: 
Thursday, February 29, 2024
Hardware, OEM, Growth, United States dollar, COVID-19, Control, Policy, Eastern Time Zone, Video game

AZOUR, Israel, Feb. 29, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the fourth quarter and full year of 2023.

Key Points: 
  • Revenue for the fourth quarter of 2023 was $77.8 million, a 4% increase compared with revenues of $74.9 million in the fourth quarter of 2022.
  • In local currency terms, fourth quarter revenues grew by 6% compared with that of the fourth quarter of last year.
  • In local currency terms, fourth quarter subscription fee revenue grew by 12% compared with that of the fourth quarter of last year.
  • In local currency terms, fourth quarter EBITDA grew by 8% compared with that of the fourth quarter of last year.

ITURAN LOCATION AND CONTROL LTD. SCHEDULES FOURTH QUARTER & FULL YEAR 2023 RESULTS RELEASE AND CONFERENCE CALL FOR FEBRUARY 29, 2024

Retrieved on: 
Tuesday, February 6, 2024
Eastern Time Zone, Control

AZOUR, Israel , Feb. 6, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its fourth quarter and full year 2023 results on Thursday, February 29, 2024.

Key Points: 
  • AZOUR, Israel , Feb. 6, 2024 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its fourth quarter and full year 2023 results on Thursday, February 29, 2024.
  • The Company will be hosting a conference call later that day at 9am Eastern Time.
  • On the call, management will review and discuss the results, and will be available to answer investor questions.
  • If you are unable to connect using the toll-free numbers, please try the international dial-in number.

ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $3 MILLION DIVIDEND

Retrieved on: 
Monday, November 27, 2023
Tax, Control, Holding company

AZOUR, Israel, Nov. 27, 2023 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.24 per share, totaling approximately US$5 million.

Key Points: 
  • AZOUR, Israel, Nov. 27, 2023 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.24 per share, totaling approximately US$5 million.
  • In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law.
  • Retained earnings as of September 30, 2023, prior to the distribution was US$ 196.3 million and retained earnings will reach US$ 191.3 million after the distribution.
  • The Company also had long-term loan of US$0.3 million and credit from banking institutions of US$ 1.7 million.

ITURAN PRESENTS THIRD QUARTER 2023 RESULTS

Retrieved on: 
Monday, November 27, 2023
EBITDA, SECURE Act, Policy, Eastern Time Zone, COVID-19, OEM, Share repurchase, Control, Growth, Internet service provider, Holding company, Mobile phone, Video game, Payment card, Ituran, Corona

AZOUR, Israel, Nov. 27, 2023 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter of 2023.

Key Points: 
  • AZOUR, Israel, Nov. 27, 2023 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter of 2023.
  • Eyal Sheratzky, Co-CEO of Ituran said, "We are pleased with our third quarter results.
  • Revenue for the third quarter of 2023 was $81.1 million, a 12% increase compared with revenues of $72.7 million in the third quarter of 2022.
  • In local currency terms, third quarter revenues grew by 13% compared with that of the third quarter of last year.

ITURAN LOCATION AND CONTROL LTD. SCHEDULES THIRD QUARTER 2023 RESULTS RELEASE AND CONFERENCE CALL FOR NOVEMBER 27, 2023

Retrieved on: 
Monday, October 23, 2023
Control, Eastern Time Zone, Cryptocurrency, Ituran

AZOUR, Israel, Oct. 23, 2023 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its third quarter 2023 results on Monday, November 27, 2023.

Key Points: 
  • AZOUR, Israel, Oct. 23, 2023 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its third quarter 2023 results on Monday, November 27, 2023.
  • The Company will be hosting a conference call later that day at 9am Eastern Time.
  • On the call, management will review and discuss the results, and will be available to answer investor questions.
  • Please begin placing your calls a few minutes before the conference call commences.

ITURAN AFFIRMS NO DISRUPTION TO ITS CONTINUED BUSINESS OPERATION IN ISRAEL AND ELSEWHERE

Retrieved on: 
Monday, October 16, 2023
Control, Hamas, Environment, Safety, Government, Friends, Ituran

Ituran's management affirms that the Company has not seen any impact to its ongoing operations in Israel or elsewhere, and continues to make any adjustments to ensure continuity, as maybe needed.

Key Points: 
  • Ituran's management affirms that the Company has not seen any impact to its ongoing operations in Israel or elsewhere, and continues to make any adjustments to ensure continuity, as maybe needed.
  • Furthermore, its headquarters are in the center of the country, just outside of Tel Aviv and not near any borders.
  • Eyal Sheratzky, CEO of Ituran, "The Ituran family is absolutely horrified by the barbaric attacks against ordinary citizens - which directly led to the declaration of war by Israel.
  • Finally, I would like to thank all those that have reached out to express their support and best wishes. "