AstroNova (NASDAQ:ALOT) Announces Earnings Results

AstroNova (NASDAQ:ALOTGet Rating) posted its earnings results on Thursday. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11), MarketWatch Earnings reports. AstroNova had a net margin of 6.84% and a return on equity of 3.19%. During the same period in the prior year, the company posted $0.12 earnings per share.

NASDAQ ALOT opened at $12.85 on Friday. The company has a quick ratio of 1.70, a current ratio of 3.41 and a debt-to-equity ratio of 0.10. AstroNova has a 52 week low of $11.85 and a 52 week high of $18.52. The stock’s 50-day moving average price is $14.64 and its 200-day moving average price is $15.05. The company has a market capitalization of $93.29 million, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 3.56 and a beta of 0.71.

An institutional investor recently raised its position in AstroNova stock. BlackRock Inc. increased its holdings in shares of AstroNova, Inc. (NASDAQ:ALOTGet Rating) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,367 shares of the business services provider’s stock after purchasing an additional 1,716 shares during the quarter. BlackRock Inc. owned approximately 1.15% of AstroNova worth $1,125,000 at the end of the most recent reporting period. Institutional investors own 48.44% of the company’s stock.

A number of research analysts have weighed in on ALOT shares. StockNews.com started coverage on AstroNova in a report on Monday. They issued a “strong-buy” rating on the stock. Zacks Investment Research raised AstroNova from a “sell” rating to a “hold” rating in a research note on Wednesday, February 2nd. Finally, TheStreet downgraded AstroNova from a “b-” rating to a “c+” rating in a research note on Monday, December 20th.

AstroNova Company Profile (Get Rating)

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates through two segments, Product Identification (PI) and Test & Measurement (T&M).

Further Reading

Earnings History for AstroNova (NASDAQ:ALOT)

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