Stock Track | Ituran Location and Control Soars 6.22% Pre-Market as Q4 Results Beat Estimates and Dividend Raised

Stock Track

Feb 26, 2025

Shares of Ituran Location and Control Ltd (NASDAQ: ITRN) surged 6.22% in pre-market trading on Wednesday, driven by the company's better-than-expected fourth quarter results and an increase in its quarterly dividend payout.

The Israel-based telematics services provider announced that its board of directors has approved a 25% hike in the quarterly dividend to $0.50 per share, or approximately $10 million in total. The increased dividend of $2 per share annually represents a yield of around 5% based on Tuesday's closing price.

For the fourth quarter of 2024, Ituran reported a 7% year-over-year increase in revenue to $82.9 million, beating analyst estimates. Net income rose 15% to $13.8 million, or $0.70 per diluted share, also exceeding expectations. Subscription revenue grew 4% while product revenue was up 16%. The company ended the year with over 2.4 million subscribers, adding 157,000 net new subscribers in 2024. Looking ahead, Ituran expects to accelerate subscriber growth to 180,000-200,000 net additions in 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1163760393"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1163760393\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1163760393?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-26 21:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1163760393","market":"hk","top_or_hot":-1,"title":"Stock Track | Ituran Location and Control Soars 6.22% Pre-Market as Q4 Results Beat Estimates and Dividend Raised","media":"Stock Track","content":"<p>Shares of Ituran Location and Control Ltd (NASDAQ: ITRN) surged 6.22% in pre-market trading on Wednesday, driven by the company's better-than-expected fourth quarter results and an increase in its quarterly dividend payout.</p>\n\n<p>The Israel-based telematics services provider announced that its board of directors has approved a 25% hike in the quarterly dividend to $0.50 per share, or approximately $10 million in total. The increased dividend of $2 per share annually represents a yield of around 5% based on Tuesday's closing price.</p>\n\n<p>For the fourth quarter of 2024, Ituran reported a 7% year-over-year increase in revenue to $82.9 million, beating analyst estimates. Net income rose 15% to $13.8 million, or $0.70 per diluted share, also exceeding expectations. Subscription revenue grew 4% while product revenue was up 16%. The company ended the year with over 2.4 million subscribers, adding 157,000 net new subscribers in 2024. Looking ahead, Ituran expects to accelerate subscriber growth to 180,000-200,000 net additions in 2025.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Ituran Location and Control Soars 6.22% Pre-Market as Q4 Results Beat Estimates and Dividend Raised</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Ituran Location and Control Soars 6.22% Pre-Market as Q4 Results Beat Estimates and Dividend Raised\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-26 21:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Ituran Location and Control Ltd (NASDAQ: ITRN) surged 6.22% in pre-market trading on Wednesday, driven by the company's better-than-expected fourth quarter results and an increase in its quarterly dividend payout.</p>\n\n<p>The Israel-based telematics services provider announced that its board of directors has approved a 25% hike in the quarterly dividend to $0.50 per share, or approximately $10 million in total. The increased dividend of $2 per share annually represents a yield of around 5% based on Tuesday's closing price.</p>\n\n<p>For the fourth quarter of 2024, Ituran reported a 7% year-over-year increase in revenue to $82.9 million, beating analyst estimates. Net income rose 15% to $13.8 million, or $0.70 per diluted share, also exceeding expectations. Subscription revenue grew 4% while product revenue was up 16%. The company ended the year with over 2.4 million subscribers, adding 157,000 net new subscribers in 2024. Looking ahead, Ituran expects to accelerate subscriber growth to 180,000-200,000 net additions in 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ITRN","symbol_name":"Ituran定位和控制","start_time":0,"source_url":"","article_id":"1163760393","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163760393","pubTimestamp":1740576873,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Ituran Location and Control Ltd  surged 6.22% in pre-market trading on Wednesday, driven by the company's better-than-expected fourth quarter results and an increase in its quarterly dividend payout.The Israel-based telematics services provider announced that its board of directors has approved a 25% hike in the quarterly dividend to $0.50 per share, or approximately $10 million in total. The increased dividend of $2 per share annually represents a yield of around 5% based on Tuesday's","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ITRN":"Ituran定位和控制"},"translate_title":"股票追踪Ituran Location and Control盘前飙升6.22%，第四季度业绩超出预期且股息上调","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ITRN":1},"content_text":"Shares of Ituran Location and Control Ltd (NASDAQ: ITRN) surged 6.22% in pre-market trading on Wednesday, driven by the company's better-than-expected fourth quarter results and an increase in its quarterly dividend payout.\nThe Israel-based telematics services provider announced that its board of directors has approved a 25% hike in the quarterly dividend to $0.50 per share, or approximately $10 million in total. The increased dividend of $2 per share annually represents a yield of around 5% based on Tuesday's closing price.\nFor the fourth quarter of 2024, Ituran reported a 7% year-over-year increase in revenue to $82.9 million, beating analyst estimates. Net income rose 15% to $13.8 million, or $0.70 per diluted share, also exceeding expectations. Subscription revenue grew 4% while product revenue was up 16%. The company ended the year with over 2.4 million subscribers, adding 157,000 net new subscribers in 2024. Looking ahead, Ituran expects to accelerate subscriber growth to 180,000-200,000 net additions in 2025.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}