Arotech (ARTX) Updates FY 2019 Earnings Guidance

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Arotech (NASDAQ:ARTX) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.19-0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28. The company issued revenue guidance of $103-115 million, compared to the consensus revenue estimate of $107.66 million.

Shares of ARTX opened at $3.41 on Thursday. Arotech has a 12 month low of $2.37 and a 12 month high of $4.15. The firm has a market cap of $92.70 million, a PE ratio of 21.31 and a beta of 1.59. The company has a current ratio of 2.07, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09.

Separately, Zacks Investment Research upgraded shares of Arotech from a hold rating to a buy rating and set a $3.50 price target on the stock in a research note on Friday, January 11th.

In other Arotech news, Chairman Jon B. Kutler purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were bought at an average price of $2.59 per share, for a total transaction of $25,900.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have bought 23,000 shares of company stock worth $59,990. 9.40% of the stock is currently owned by company insiders.

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About Arotech

Arotech Corporation provides defense and security products worldwide. The company's Training and Simulation division develops, manufactures, and markets multimedia and interactive digital solutions for engineering, use-of-force training, and operator training of military, law enforcement, security, emergency services, and other personnel.

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