AstroNova Inc (NASDAQ:ALOT) has received an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.
Brokers have set a 1-year consensus price objective of $26.00 for the company and are predicting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AstroNova an industry rank of 94 out of 255 based on the ratings given to related companies.
Several equities analysts recently weighed in on ALOT shares. Zacks Investment Research lowered shares of AstroNova from a “hold” rating to a “sell” rating in a research report on Monday. TheStreet downgraded shares of AstroNova from a “b-” rating to a “c+” rating in a report on Tuesday, October 29th. Finally, ValuEngine upgraded shares of AstroNova from a “hold” rating to a “buy” rating in a research report on Wednesday, August 28th.
In other AstroNova news, Director Richard S. Warzala purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $16.53 per share, with a total value of $33,060.00. Following the completion of the purchase, the director now directly owns 9,496 shares of the company’s stock, valued at approximately $156,968.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 5,000 shares of company stock valued at $77,350 in the last ninety days. 7.80% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in ALOT. Wells Fargo & Company MN raised its position in shares of AstroNova by 7.3% in the 2nd quarter. Wells Fargo & Company MN now owns 6,992 shares of the business services provider’s stock worth $180,000 after purchasing an additional 474 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of AstroNova by 5.7% during the 3rd quarter. California Public Employees Retirement System now owns 20,482 shares of the business services provider’s stock valued at $331,000 after purchasing an additional 1,100 shares during the period. MML Investors Services LLC grew its stake in shares of AstroNova by 2.6% during the 2nd quarter. MML Investors Services LLC now owns 54,378 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 1,403 shares during the period. Cavalier Investments LLC bought a new stake in shares of AstroNova during the 2nd quarter valued at about $41,000. Finally, Acadian Asset Management LLC grew its stake in shares of AstroNova by 337.0% during the 2nd quarter. Acadian Asset Management LLC now owns 6,289 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 4,850 shares during the period. 62.08% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ ALOT traded down $0.03 during trading on Friday, hitting $14.05. The stock had a trading volume of 20,100 shares, compared to its average volume of 38,819. AstroNova has a 12 month low of $13.75 and a 12 month high of $27.96. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.42 and a quick ratio of 1.05. The company has a market capitalization of $99.12 million, a PE ratio of 17.13, a PEG ratio of 2.21 and a beta of 0.33. The firm has a fifty day moving average of $15.54 and a two-hundred day moving average of $19.89.
AstroNova (NASDAQ:ALOT) last posted its earnings results on Wednesday, December 4th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.11). AstroNova had a return on equity of 7.70% and a net margin of 3.86%. The firm had revenue of $33.32 million during the quarter. On average, equities analysts expect that AstroNova will post 0.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Thursday, December 19th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, December 18th. AstroNova’s payout ratio is 34.15%.
AstroNova Company Profile
AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).
Featured Story: Dogs of the Dow
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AstroNova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AstroNova and related companies with MarketBeat.com's FREE daily email newsletter.