Earnings Report: Here’s what to expect from Ituran Location and Control Ltd. (US) Stock Forecast, Price & News (NASDAQ:ITRN)

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Earnings results for Ituran Location and Control Ltd. (US) Stock Forecast, Price & News (NASDAQ:ITRN)

Ituran Location and Control Ltd. is expected* to report earnings on 08/25/2020 before market open. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.18. The reported EPS for the same quarter last year was $0.46.

Analyst Opinion on Ituran Location and Control Ltd. (US) Stock Forecast, Price & News (NASDAQ:ITRN)

2 Wall Street analysts have issued ratings and price targets for Ituran Location and Control Ltd. (US) in the last 12 months. Their average twelve-month price target is $25.00, predicting that the stock has a possible upside of 73.49%. The high price target for ITRN is $34.00 and the low price target for ITRN is $16.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Ituran Location and Control Ltd. (US) has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $25.00, Ituran Location and Control Ltd. (US) has a forecasted upside of 73.5% from its current price of $14.41. Ituran Location and Control Ltd. (US) has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Ituran Location and Control Ltd. (US) Stock Forecast, Price & News (NASDAQ:ITRN)

Ituran Location and Control Ltd. (US) is a leading dividend payer. It pays a dividend yield of 6.95%, putting its dividend yield in the top 25% of dividend-paying stocks. Ituran Location and Control Ltd. (US) does not have a long track record of dividend growth. The dividend payout ratio of Ituran Location and Control Ltd. (US) is 60.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ituran Location and Control Ltd. (US) will have a dividend payout ratio of 69.06% next year. This indicates that Ituran Location and Control Ltd. (US) will be able to sustain or increase its dividend.

Insiders buying/selling: Ituran Location and Control Ltd. (US) Stock Forecast, Price & News (NASDAQ:ITRN)

In the past three months, Ituran Location and Control Ltd. (US) insiders have not sold or bought any company stock. 61.26% of the stock of Ituran Location and Control Ltd. (US) is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Ituran Location and Control Ltd. (US) Stock Forecast, Price & News (NASDAQ:ITRN

Earnings for Ituran Location and Control Ltd. (US) are expected to grow by 46.32% in the coming year, from $0.95 to $1.39 per share. The P/E ratio of Ituran Location and Control Ltd. (US) is 57.64, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.58. The P/E ratio of Ituran Location and Control Ltd. (US) is 57.64, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.68. Ituran Location and Control Ltd. (US) has a P/B Ratio of 2.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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