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Ituran Location And Control Ltd (ITRN)
NASDAQ:ITRN
RESEARCH TOOLSreports
Earnings Data
Report Date
May 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.69Last Year’s EPS
0.66Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 4.26%
|Next Earnings Date:May 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook for Ituran, with strong subscriber growth, new partnerships, and increased dividends being key highlights. However, currency fluctuations and product mix affecting gross margins were noted challenges.Company Guidance
During the Ituran Location and Control Ltd. Q4 2024 results call, the company reported a year-over-year revenue growth of 7% to $82.9 million, despite negative effects from currency fluctuations. In local currencies, revenue grew by 11%, with subscription fees increasing by 9% and product revenues by 16%. The subscriber base grew by 40,000, reaching 2,409,000, and the company expects this growth to accelerate to between 180,000 and 200,000 new subscribers in 2025. EBITDA for the quarter was $22.5 million, representing 27.2% of revenue, while net income rose 15% to $13.8 million. The company also announced a 25% increase in its quarterly dividend to $10 million, reflecting its strong cash position of $77.3 million. Looking ahead, Ituran aims to continue expanding its subscriber base and services across its regions, despite currency challenges, with plans to grow its OEM partnerships and insurance offerings.Subscriber Growth
Ituran reported a high level of 40,000 net subscriber adds for the quarter, at the top end of their expectations, marking the third consecutive quarter of strong subscriber growth. They anticipate this number to accelerate to between 180,000 and 200,000 in 2025, which is over 20% ahead of the 2024 rates.
Partnerships and Contracts
New agreements, such as the JV in India with Lumax and a five-year contract with Nissan in Chile, are expected to contribute significantly to future growth. The company also received an award from Nissan in Mexico, highlighting strong relationships.
Dividend Increase
The board decided to increase the quarterly dividend payment by 25% from $8 million to $10 million per quarter, indicating strong cash flow and profitability.
Record Financial Performance
2024 was a record year in terms of top-line revenue and subscriber growth, with revenues for 2024 reaching a record $336 million, a 5% increase over 2023.
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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 |
|---|---|---|---|
| Feb 26, 2025 | $40.17 | $43.91 | +9.31% |
| Nov 21, 2024 | $26.90 | $28.13 | +4.57% |
| Aug 19, 2024 | $26.30 | $27.10 | +3.04% |
| May 28, 2024 | $25.35 | $26.58 | +4.85% |
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 May 27, 2025, TBA Not Confirmed.
What is Ituran Location And Control Ltd (ITRN) earnings time?
Ituran Location And Control Ltd (ITRN) earnings time is at May 27, 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 2025 (Q1) is 0.69.
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