AstroNova Inc (NASDAQ:ALOT) has been assigned an average broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Brokers have set a one year consensus price objective of $31.50 for the company and are expecting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also assigned AstroNova an industry rank of 102 out of 256 based on the ratings given to related companies.
Several equities research analysts have recently commented on ALOT shares. ValuEngine lowered AstroNova from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research raised AstroNova from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, May 7th.
Several institutional investors have recently modified their holdings of ALOT. Geode Capital Management LLC raised its holdings in AstroNova by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 46,934 shares of the business services provider’s stock valued at $880,000 after acquiring an additional 930 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in AstroNova by 8.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,403 shares of the business services provider’s stock worth $289,000 after purchasing an additional 1,175 shares during the period. Royce & Associates LP boosted its position in AstroNova by 1.4% during the 1st quarter. Royce & Associates LP now owns 93,400 shares of the business services provider’s stock worth $1,904,000 after purchasing an additional 1,300 shares during the period. Quantum Capital Management boosted its position in AstroNova by 13.9% during the 1st quarter. Quantum Capital Management now owns 61,939 shares of the business services provider’s stock worth $1,263,000 after purchasing an additional 7,579 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in AstroNova by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 566,023 shares of the business services provider’s stock worth $10,613,000 after purchasing an additional 7,917 shares during the period. Hedge funds and other institutional investors own 58.97% of the company’s stock.
ALOT traded up $0.32 during trading on Wednesday, reaching $26.27. The company’s stock had a trading volume of 5,970 shares, compared to its average volume of 84,159. AstroNova has a 52-week low of $16.74 and a 52-week high of $27.96. The firm has a fifty day moving average of $25.94. The company has a market capitalization of $181.86 million, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 2.40 and a beta of 0.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.30.
AstroNova (NASDAQ:ALOT) last announced its quarterly earnings data on Wednesday, June 5th. The business services provider reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $36.18 million for the quarter. AstroNova had a return on equity of 9.75% and a net margin of 4.68%. As a group, research analysts anticipate that AstroNova will post 0.9 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Monday, June 17th were given a dividend of $0.07 per share. The ex-dividend date was Friday, June 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.07%. AstroNova’s dividend payout ratio is currently 34.15%.
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).
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