AstroNova Inc (NASDAQ:ALOT) – Equities researchers at Dougherty & Co issued their Q2 2019 earnings per share (EPS) estimates for shares of AstroNova in a research note issued on Wednesday, June 13th, according to Zacks Investment Research. Dougherty & Co analyst R. Ryan anticipates that the business services provider will post earnings per share of $0.12 for the quarter. Dougherty & Co currently has a “Buy” rating on the stock. Dougherty & Co also issued estimates for AstroNova’s FY2019 earnings at $0.47 EPS and FY2020 earnings at $0.55 EPS.
Separately, TheStreet raised AstroNova from a “c+” rating to a “b” rating in a research report on Monday, April 30th.
Shares of NASDAQ:ALOT opened at $18.75 on Monday. The stock has a market capitalization of $129.62 million, a PE ratio of 27.39, a price-to-earnings-growth ratio of 3.35 and a beta of -0.11. AstroNova has a 52-week low of $11.00 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 2.52.
AstroNova (NASDAQ:ALOT) last posted its earnings results on Tuesday, June 5th. The business services provider reported $0.12 EPS for the quarter. The firm had revenue of $31.49 million for the quarter. AstroNova had a net margin of 2.98% and a return on equity of 7.48%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spark Investment Management LLC bought a new stake in shares of AstroNova in the fourth quarter valued at about $180,000. Kokino LLC lifted its stake in shares of AstroNova by 55.1% in the fourth quarter. Kokino LLC now owns 21,745 shares of the business services provider’s stock valued at $301,000 after buying an additional 7,728 shares during the period. Albert D Mason Inc. lifted its stake in AstroNova by 164.7% during the first quarter. Albert D Mason Inc. now owns 38,552 shares of the business services provider’s stock worth $598,000 after purchasing an additional 23,985 shares during the period. Renaissance Technologies LLC lifted its stake in AstroNova by 2.7% during the fourth quarter. Renaissance Technologies LLC now owns 182,750 shares of the business services provider’s stock worth $2,531,000 after purchasing an additional 4,800 shares during the period. Finally, Kennedy Capital Management Inc. lifted its stake in AstroNova by 12.5% during the fourth quarter. Kennedy Capital Management Inc. now owns 238,952 shares of the business services provider’s stock worth $3,309,000 after purchasing an additional 26,638 shares during the period. Institutional investors and hedge funds own 53.26% of the company’s stock.
In other news, VP Michael J. Natalizia sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $19.10, for a total value of $76,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 10.40% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, June 14th. AstroNova’s dividend payout ratio is currently 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, and Western Europe. The company operates in two segments, Product Identification and Test & Measurement. The Product Identification segment offers digital color label printers and specialty OEM printing systems; and consumables, such as labels, tags, inks, toner, and thermal transfer ribbons, as well as software used to design and print labels under the QuickLabel brand.
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