Why Ituran's Q2 Shows Strong Value Potential
ITRNIturan Location and trol .(ITRN) Seeking Alpha·2024-08-20 19:41
AerialPerspective Works/E+ via Getty Images Thesis My analysis points out that Ituran Location and Control Ltd. (NASDAQ:ITRN) had solid Q2 2024 numbers, with a GAAP EPS of $0.66 and $84.9 million in revenue. Despite that, the stock isn’t hitting the marks people expected. Even though Ituran announced a $0.39 dividend, showing strong profits, investors might be spooked by currency swings and geopolitical risks. The analysis digs into why, even with a positive outlook for the telematics industry, Ituran’s ...