Shares of AstroNova Inc (NASDAQ:ALOT) have received an average broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation.
Brokers have set a 12-month consensus target price of $31.50 for the company, according to Zacks. Zacks has also given AstroNova an industry rank of 91 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research raised AstroNova from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, November 28th.
Large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its stake in shares of AstroNova by 101.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 14,228 shares of the business services provider’s stock worth $307,000 after acquiring an additional 7,160 shares during the last quarter. Fondren Management LP purchased a new position in AstroNova during the 2nd quarter worth $396,000. BlackRock Inc. increased its holdings in AstroNova by 37.0% during the 2nd quarter. BlackRock Inc. now owns 22,215 shares of the business services provider’s stock worth $419,000 after purchasing an additional 6,002 shares during the period. Russell Investments Group Ltd. purchased a new position in AstroNova during the 2nd quarter worth $435,000. Finally, FMR LLC purchased a new position in AstroNova during the 2nd quarter worth $864,000. 59.27% of the stock is owned by institutional investors and hedge funds.
NASDAQ:ALOT opened at $19.89 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.73 and a quick ratio of 1.44. AstroNova has a 12-month low of $12.55 and a 12-month high of $23.95. The stock has a market cap of $134.88 million, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 3.44 and a beta of 0.15.
AstroNova (NASDAQ:ALOT) last announced its quarterly earnings results on Wednesday, November 21st. The business services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. AstroNova had a return on equity of 7.91% and a net margin of 3.07%. The company had revenue of $34.20 million during the quarter. As a group, research analysts anticipate that AstroNova will post 0.47 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Friday, December 14th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Thursday, December 13th. AstroNova’s payout ratio is presently 44.44%.
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).
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