Alliant Techsystems (NYSE:ATK) announced its earnings results on Thursday. The company reported $2.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.22 by $0.64, American Banking & Market News reports. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $1.86 earnings per share. Alliant Techsystems’s revenue was up 6.8% compared to the same quarter last year. Alliant Techsystems updated its FY14 guidance to $9.10 to $9.40 EPS.
A number of research firms have recently commented on ATK. Analysts at UBS AG raised their price target on shares of Alliant Techsystems from $112.00 to $130.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. On the ratings front, analysts at RBC Capital raised their price target on shares of Alliant Techsystems from $122.00 to $134.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Alliant Techsystems from $90.00 to $115.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $109.45.
Shares of Alliant Techsystems (NYSE:ATK) traded up 2.67% during mid-day trading on Friday, hitting $115.15. 573,528 shares of the company’s stock traded hands. Alliant Techsystems has a 52-week low of $57.03 and a 52-week high of $116.17. The stock’s 50-day moving average is $103.3 and its 200-day moving average is $90.88. The company has a market cap of $3.688 billion and a P/E ratio of 13.32.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 12th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, November 18th.
Alliant Techsystems Inc (NYSE:ATK), is an aerospace, defense, and commercial products company that operates in 22 states, Puerto Rico, and internationally.
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