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Ituran Location And Control Ltd (ITRN)
NASDAQ:ITRN
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.65Last Year’s EPS
$0.6Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 21, 2024
|% Change Since: 9.54%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with steady growth in revenue, profit, and subscriber base despite currency challenges. The company's strategic initiatives, such as the new contract with Nissan Chile, are expected to drive further growth. However, the impact of the U.S. dollar strength and the slight decrease in subscription revenues in U.S. dollar terms were noted as challenges.Company Guidance
During the Ituran Q3 2024 earnings call, the company provided guidance indicating a robust financial performance and strategic growth initiatives. Ituran reported a net addition of 40,000 subscribers, aligning with their target range of 35,000 to 40,000 for the quarter. The company reiterated its full-year guidance for 2024, forecasting EBITDA between $90 million and $95 million. Despite currency headwinds, Ituran experienced a 7% revenue growth in local currencies. The company's net income increased by 9% year-over-year to $13.7 million, translating to a diluted earnings per share of $0.69. Cash flow from operations was reported at $17.2 million, contributing to a net cash position of $67.3 million. The Board also declared a quarterly dividend of $8 million, reflecting a 60% increase from the previous year, with an annualized dividend yield exceeding 6%.Steady Revenue and Profit Growth
The company presented steady growth in revenue and profit across the geographies in which it operates, despite the negative impact of the U.S. dollar strength.
Strong Subscriber Growth
The subscriber base increased by 40,000 net new subscribers, reaching the high end of the company's expectations.
New Contract with Nissan Chile
Ituran announced a 5-year contract with Nissan Chile, which is expected to add tens of thousands of new customers over the years.
Financial Performance
Revenues were $83.5 million, a 3% increase compared to last year. EBITDA for the quarter was $23.3 million, an increase of 4% year-over-year. Net income was $13.7 million, a 9% increase year-over-year.
Strong Cash Position and Dividend
Cash flow from operations was $17.2 million, with a net cash position of $67.3 million. The company declared a quarterly dividend of $8 million, a 60% increase over the year-ago quarter.
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ITRN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ITRN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $27.26 | $28.50 | +4.55% |
| Aug 19, 2024 | $26.64 | $27.46 | +3.08% |
| May 28, 2024 | $25.68 | $26.93 | +4.87% |
| Feb 29, 2024 | $24.78 | $25.01 | +0.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ituran Location And Control Ltd (ITRN) report earnings?
Ituran Location And Control Ltd (ITRN) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Ituran Location And Control Ltd (ITRN) earnings time?
Ituran Location And Control Ltd (ITRN) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ITRN EPS forecast?
ITRN EPS forecast for the fiscal quarter 2024 (Q4) is $0.65.
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