AstroNova Inc (NASDAQ:ALOT) – Dougherty & Co issued their Q1 2020 earnings per share estimates for shares of AstroNova in a report released on Friday, May 31st, according to Zacks Investment Research. Dougherty & Co analyst R. Ryan forecasts that the business services provider will earn $0.22 per share for the quarter.
A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded AstroNova from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Friday, March 8th. ValuEngine downgraded AstroNova from a “buy” rating to a “hold” rating in a research note on Monday, April 1st.
NASDAQ ALOT traded up $0.03 on Monday, reaching $25.65. The stock had a trading volume of 637 shares, compared to its average volume of 48,374. The firm has a 50 day simple moving average of $25.83. 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 has a 1 year low of $16.74 and a 1 year high of $27.96. The company has a market capitalization of $183.05 million, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 2.42 and a beta of 0.26.
AstroNova (NASDAQ:ALOT) last issued its earnings results on Wednesday, June 5th. The business services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. AstroNova had a return on equity of 9.75% and a net margin of 4.68%. The firm had revenue of $36.18 million for the quarter.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its stake in shares of 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 acquiring an additional 1,175 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in AstroNova by 46.8% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 25,670 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 8,183 shares in the last quarter. 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 in the last quarter. Quantum Capital Management acquired a new position in AstroNova in the 4th quarter valued at approximately $1,019,000. Finally, Boston Partners acquired a new position in AstroNova in the 4th quarter valued at approximately $1,023,000. Institutional investors own 58.97% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 17th were paid 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 1.09%. AstroNova’s dividend payout ratio (DPR) is presently 34.15%.
About AstroNova
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).