TAT Technologies (NASDAQ:TATT) Posts Earnings Results, Beats Expectations By $0.19 EPS

TAT Technologies (NASDAQ:TATT) posted its earnings results on Monday. The aerospace company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.19, FiscalAI reports. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. The company had revenue of $55.56 million for the quarter, compared to analyst estimates of $52.84 million.

TAT Technologies Price Performance

Shares of NASDAQ TATT opened at $31.80 on Monday. The company has a market capitalization of $413.40 million, a PE ratio of 19.88 and a beta of 1.04. The company has a quick ratio of 2.61, a current ratio of 4.83 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $35.54 and its 200-day moving average price is $42.47. TAT Technologies has a twelve month low of $30.47 and a twelve month high of $64.50.

Wall Street Analyst Weigh In

TATT has been the subject of a number of recent research reports. B. Riley Financial decreased their price objective on TAT Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. William Blair restated a “hold” rating on shares of TAT Technologies in a report on Wednesday, July 15th. Benchmark reaffirmed a “buy” rating on shares of TAT Technologies in a research report on Tuesday, August 25th. Finally, Weiss Ratings cut TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, TAT Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $58.33.

About TAT Technologies

TAT Technologies Ltd. is an aerospace and defense company headquartered in Netanya, Israel. The company develops, manufactures, and services thermal-management and other specialized systems used in commercial, military, business, and general aviation applications.

Its product portfolio includes heat exchangers, air-conditioning and environmental-control components, air-cycle machines, pre-coolers, oil coolers, fuel heaters, pumps, and related aircraft systems. TAT also provides maintenance, repair, and overhaul services for aircraft heat-transfer equipment, auxiliary power units, landing-gear components, and other aviation parts.

Through its operations in Israel and the United States, TAT Technologies serves aircraft manufacturers, airlines, aerospace and defense contractors, and government customers.