TAT Technologies (NASDAQ:TATT) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

TAT Technologies (NASDAQ:TATT) issued its quarterly earnings data on Wednesday. The aerospace company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03, Zacks reports. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.

TAT Technologies Stock Up 0.8 %

TAT Technologies stock traded up $0.21 during mid-day trading on Wednesday, reaching $25.90. The company’s stock had a trading volume of 57,525 shares, compared to its average volume of 25,670. The business’s 50 day simple moving average is $27.66 and its 200 day simple moving average is $23.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a 12 month low of $10.61 and a 12 month high of $33.37. The company has a market capitalization of $283.35 million, a price-to-earnings ratio of 35.00 and a beta of 0.99.

Analysts Set New Price Targets

TATT has been the topic of several recent research reports. StockNews.com downgraded TAT Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Benchmark assumed coverage on TAT Technologies in a research note on Thursday, December 5th. They issued a “buy” rating and a $30.00 target price on the stock.

About TAT Technologies

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.