ITRN Ituran Location and Control Ltd featured news, full reports, and detailed charts
Ituran Location and Control Ltd (ITRN) Wrap Up:
Ituran Location and Control, Ltd., together with its subsidiaries, provides location-based solutions and machine-to-machine wireless communications products for use in stolen vehicle recovery, fleet management, and other applications in Israel, Brazil, Argentina, and the United States. Its stolen vehicle recovery and tracking solutions locate, track, and recover stolen vehicles for its subscribers; and fleet management solutions enable corporate customers to track and manage their vehicles in real time. The company also offers wireless communication products for application in the automatic vehicle location, which enable the location and tracking of vehicles, assets, and persons. Its AVL pro...www.ituran.com
1,254 Employees
Founded in 1994
Ituran Location and Control Ltd (ITRN:NASDAQ)
LAST $12.79 USD
CHANGE TODAY -0.08 -0.62%
VOLUME 6.2K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Ituran Location and Control Ltd (ITRN)
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OPEN
$12.58
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PREVIOUS CLOSE
$12.87
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DAY HIGH
$12.85
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DAY LOW
$12.58
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52 WEEK HIGH
11/17/09 - $13.34
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52 WEEK LOW
03/5/09 - $5.76
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MARKET CAP
289.6M
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AVERAGE VOLUME 3 mo
16.2K
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DILUTED EPS TTM
$0.88
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SHARES OUTSTANDING
22.6M
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EX-DATE
03/20/09
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P/E TTM
14.5x
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DIVIDEND
$0.17
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DIVIDEND YIELD
1.33%
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ITRN Top Compensated Officers
No compensation data is available at this time for the top officers at this company.
Executives, Board Directors
Key developments for Ituran Location and Control Ltd (ITRN)
Ituran Location & Control Ltd. Approves Increases in the Dividend Policy
11/17/2009
Ituran Location & Control Ltd. approved an increase in the dividend policy, providing for an annual dividend distribution in an amount not less than 50% of the company's net income whereby the annual dividend policy has historically been to issue approximately 25% of annual net income, calculated based on the financial statements for the period ending on December 31, 2009 with respect to which the relevant dividend is paid. According to company's current dividend policy and Israeli law, an annual dividend will only be declared and paid if, in the discretion of the Board of Directors, there is no reasonable foreseeable concern that the distribution will prevent the Company from being able to meet the terms of company's existing and contingent liabilities, as and when due all based on company's needs as will be determined from time to time.
Ituran Location & Control Ltd. Announces Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2009
11/17/2009
Ituran Location & Control Ltd. announced consolidated financial results for the third quarter and nine months ended September 30, 2009. Revenues for the third quarter of 2009 reached $32.0 million. This is 9% below revenues of $35.2 million in the third quarter of 2008. Operating profit for the third quarter of 2009 was $6.5 million compared with an operating profit of $7.4 million in the third quarter of 2008. The operating profit recorded in the third quarter of 2008 was the highest in Ituran's history. EBITDA for the quarter was $9.7 million compared to an EBITDA of $10.0 million in the third quarter of last year. Net profit was $4.6 million or $0.22 per diluted share compared with a net profit of $5.6 million or $0.27 per diluted share as reported in the third quarter of 2008. Income before taxes was $5.8 million against $8.6 million reported last year. Net cash provided by operating activities were $12.5 million against $11.2 million and capital expenditure was $5.2 million against $4 million reported last year. For the nine months, the company reported an operating income of $17.5 million, income before taxes of $18.4 million, net income of $12.7 million or $0.60 per diluted share on the revenue of $87.7 million compared operating income of $20.5 million, income before taxes of $15.0 million, net income of $9 million or $0.42 per diluted share on the revenue of $103.2 million for the same period last year. Net cash provided by operating activities were $25.3 million against $18.2 million and capital expenditure was $11 million against $11.4 million reported last year.
Ituran Location & Control Ltd., Q3 2009 Earnings Call, Nov-17-2009
10/26/2009
Ituran Location & Control Ltd., Q3 2009 Earnings Call, Nov 17 2009
ITRN Competitors
| Company | Last | Change |
| Hawk Corp | $16.35 USD | +0.05 |
| I.D. Systems Inc | $3.20 USD | -0.01 |
| LoJack Corp | $3.91 USD | -0.22 |
| Numerex Corp | $4.47 USD | 0.00 |
| POINTER TLOC | 2,260 ILS | +31.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ITRN | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 225.7x |
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| Price/Book | 238.1x |
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| Price/Cash Flow | 1,499.2x |
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| TEV/Sales | 243.3x |
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ITRN |
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ITRN transactions
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More Recent News About Ituran Location and Control Ltd
More news for ITRN
Still Finding Bargains for Patient Investors
Like everyone else yesterday, I spent a good part of the day waiting for the Fed decision. It was mostly out of curiosity on my part, as I never trade on that type of news, preferring to focus on individual company fundamentals. The other reason was basic boredom. There was not a lot of news, and the market had opened up and stayed there all morning. I used the time to run stock screens and search for stocks that are cheap and have good prospects in an economic recovery. My view on the market should be fairly well known by now, especially after yesterday's article on my perception of fair value for stocks. I believe we should be lower and expect that we will be. In spite of this, I never stop looking for cheap stocks and good companies. It should be equally well known that if I had to make a living on my short- to intermediate term-market calls, I would be existing on bread and water while living in a tent. I am a stockpicker, not an index trader. From time to time I will find stocks that are simply too cheap not to buy. In addition, I always have a list of stocks that I want to buy if and when the market does go down. The time to prepare is before it happens. I found some interesting companies, not the least of which is Force Protection. The manufacturer of armored vehicles for the military has taken it on the chin in recent weeks. It lost a huge contract that many had expected it to win to build over 2,000 new vehicles for the Department of Defense. The second-quarter earnings report was terrible, with a revenue decline of 45% and earnings down 90%. The stock has dropped by 50% since that announcement. The company is much smaller than its competitors, and it has a hard time keeping up with the big defense contractors such as ...Click here to read the whole Article (external link)
ITURAN LOCATION & CONTROL LTD. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Ituran Location and Control Ltd. Third Quarter 2009 Results Release and Conference Call Scheduled for Tuesday, November 17, 2009
AZOUR, Israel, October 26 /PRNewswire-FirstCall/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN , TASE: ITRN), announced that it will be releasing its third quarter 2009 results on Tuesday, November 17, 2009 before the US market opens. The Company will also be hosting a conference call at 10am Eastern Time. On the call, management will review and discuss the results, and will be available to answer investor's questions.To participate, call one of the following teleconferencing numbers. If you are unable to connect using the toll-free numbers, please try the international dial-in number. US Dial-in Number: 1-888-668-9141 ISRAEL Dial-in Number: 03-918-0609 CANADA Dial-in Number: 1-866-485-2399 INTERNATIONAL Dial-in Number: +972-3-918-0609 At: 10:00am Eastern Time, 7:00am Pacific Time, 5:00pm Israel Time The call will also be webcast live from a link on the investor relations page at Ituran's website at http://www.ituran.com. For those unable to listen to the live call, a replay of the call will also be available from the day after the call in the investor relations section of Ituran's website.About IturanIturan provides location-based services, consisting predominantly of stolen vehicle recovery and tracking services, as well as wireless communications products used in connection with its location-based services and various other applications. Ituran offers mobile asset location, Stolen Vehicle Recovery, management & control services for vehicles, cargo and personal security. ...Click here to read the whole Article (external link)
Ituran Location and Control Ltd. Presents Results for the Third Quarter of 2009
AZOUR, Israel, November 17 /PRNewswire-FirstCall/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), today announced its consolidated financial results for the third quarter ended September 30, 2009. Highlights of the Quarter - A strong increase in net subscribers: a 16,000 increase to a record of 549,000 as of September 30, 2009; - Generated very strong operating cash flow of $12.5 million; ended the quarter with $70.6 million in net cash; - The Company won a tender for stolen vehicle recovery services for at least 50,000 vehicles installed over two years, with a leading Brazilian Insurance company, Sul America, and recently signed the agreement; Third quarter ResultsRevenues for the third quarter of 2009 reached US$32.0 million. This is 9% below revenues of US$35.2 million in the third quarter of 2008. Revenues grew by 13%, compared with revenues of $28.4 million in the prior quarter. 75% of revenues were from location based service subscription fees and 25% from product revenues.Subscription fees grew by $0.4 million compared with the same period last year. This increase was reduced by approximately $3 million as a result of currency differences compared with that of last year (excluding this affect, the subscription fee would have grown by 15%). The increase in subscription fees was due to the increase in the subscriber base, which stood at 495,000 at the third quarter of last year.Product revenues were $3.6 million below those of the same period last year, due to lower sales of products in Israel, the full switch to leasing rather selling the equipment in Brazil, and the relative strength of the US Dollar versus the Israel Shekel, Brazilian Real and Argentinean Peso in the current quarter, compared with that of a year ago.Gross profit for the t...Click here to read the whole Article (external link)
Ituran Location and Control Ltd Announces a Doubling of the Dividend Issuance Policy
AZOUR, Israel, November 17 /PRNewswire-FirstCall/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), today announced that the Board of Directors has approved an increase in the dividend policy, providing for an annual dividend distribution in an amount not less than 50% of the Company's net income whereby the annual dividend policy has historically been to issue approximately 25% of annual net income, calculated based on the financial statements for the period ending on December 31 of the fiscal year with respect to which the relevant dividend is paid. According to Company's current dividend policy and Israeli law, an annual dividend will only be declared and paid if, in the discretion of the Board of Directors, there is no reasonable foreseeable concern that the distribution will prevent the Company from being able to meet the terms of Company's existing and contingent liabilities, as and when due all based on Company's needs as will be determined from time to time.The distribution of dividends is further limited by Israeli law to the greater of retained earnings and earnings generated over the two most recent years. The Company's dividend policy may change from time to time at the discretion of the Board of Directors.The payment of dividends may be subject to Israeli withholding taxes.Eyal Sheratzky, Co-CEO of Ituran said, "The Board made this decision based on our exceptionally strong balance sheet combined with our ongoing and continued strong results, especially as the global economy improves. We very much support sharing the fruits of efforts and rewards with our shareholders, and the increase in dividend policy does not change our ability to make strategic acquisitions, if and when required."About IturanIturan provides location-based services, consisting predominantly of stolen vehicle recovery and...Click here to read the whole Article (external link)
InPlay: Ituran Location and Control beats by $0.03, beats on revs
6:26PM Boise Inc. announced that the previously announced secondary offering of 17 mln shares of its common stock has been priced at $4.85 per share (BZ) 5.09 +0.04 : 5:01PM Oncolytics Biotech announces unit offering (ONCY) 3.43 -0.26 : Co announced that it is undertaking an overnight marketed offering of units, each comprised of one common share and a portion of a common share purchase warrant to be effected in each of the Canadian provinces of British Columbia, Alberta, Manitoba and Ontario by way of a prospectus supplement to Oncolytics' base shelf short form prospectus, and in the United States... ONCY intends to use the net proceeds from the offering to fund its previously announced Phase III combination REOLYSIN and paclitaxel/carboplatin trial for patients with platinum-failed head and neck cancers, its other clinical development and research and development activities, and for general corporate and working capital purposes. 5:00PM Coldwater Creek announced the resignation of Tim Martin, Senior Vice President and Chief Financial Officer (CWTR) 5.81 -0.27 : Co has appointed John E. Hayes, III, Senior Vice President and General Counsel of Coldwater Creek, to serve as interim Chief Financial Officer, effective November 25, 2009, until a permanent successor is named. 4:55PM Quest Diagnostics announces pricing of tender offer for any and all of certain of its outstanding notes (DGX) 59.07 -0.35 : Co announced the determination of the pricing for its previously announced cash tender offer to purchase any and all of its 5.125% Senior Notes due 2010 and any and all of its 7.50% Senior Notes due 2011. 4:44PM Hampton Roads Bankshares defers dividends on TARP preferred stock (...Click here to read the whole Article (external link)
Ituran Location & Control Ltd Q3 2009 Earnings Call Transcript
Ituran Location & Control Ltd. (ITRN) Q3 2009 Earnings Call November 17, 2009; 10:00 am ET Executives Eyal Sheratzky - Co-Chief Executive Officer Eli Kamer - Chief Financial Officer Udi Mizrahi - Vice President of Finance Ehud Helft - GK Investor Relations Analysts Maynard Um - UBS Yair Reiner - Oppenheimer & Co. Ziv Tal - Oscar Gruss [David Delayo] - Canaccord Adams Presentation Operator Welcome to the Ituran third quarter 2009 results conference call. (Operator Instructions) You should have all received by now the company’s press release. If you have not received it, please call GK Investor Relations at 1-866-704-6710 or 9723-607-4717. I would now hand over the call to Mr. Ehud Helft of GK Investor Relations. Mr. Helft would you like to begin? Ehud Helft Thank you. Good day to all of you, and welcome to Ituran’s conference call to discuss the third quarter 2009 results. I would like to thank Ituran management for hosting this conference call. With me today on the call are Mr. Eyal Sheratzky, co-CEO, Mr. Eli Kamer the CFO and Mr. Udi Mizrahi, VP of Finance. Eyal will begin with a summary of the quarter’s main events, followed by Eli with a summary of the financials. We will then open the call for the question-and-answer session. Before we continue I’d like to remind everyone that the Safe Harbor statements in today’s press release also cover the contents of this conference call. Now Eyal, would you like to begin please? Eyal Sheratzky Thank you Ehud. Welcome everyone. Thank you for joining us today and thank you for your interest in our company. This quarter we are especially pleased wit...Click here to read the whole Article (external link)
Q3 2009 ITURAN LOCATION & CONTROL Earnings Release - Before Market Open
Earnings Announcements for Tuesday, November 17CompanySymbolEPSEstimate*TimeAdd to MyCalendarConferenceCallACORN INTERNATIONAL INCATVN/ABefore Market OpenAddADVANCED SEMICONDUCTOR MANUFACTURING CORP3355.HKN/AAfter Market CloseAddListenAFTERSOFT GROUP INCASFG.OBN/ATime Not SuppliedAddAstro-Med, Inc.ALOTN/AAfter Market CloseAddListenAutodesk, Inc.ADSK0.23After Market CloseAddListenBASTIDE LE CONFORT MEDICALBLC.PAN/ATime Not SuppliedAddBritish Lan...Click here to read the whole Article (external link)
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