Shares of AstroNova Inc (NASDAQ:ALOT) have earned a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.
Brokers have set a 1-year consensus target price of $31.50 for the company, according to Zacks. Zacks has also given AstroNova an industry rank of 173 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded AstroNova from a “buy” rating to a “hold” rating in a report on Monday, March 11th.
AstroNova (NASDAQ:ALOT) last announced its quarterly earnings results on Thursday, March 14th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.18. AstroNova had a return on equity of 8.80% and a net margin of 4.19%. The business had revenue of $37.17 million for the quarter. On average, equities analysts forecast that AstroNova will post 0.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.43%. AstroNova’s payout ratio is 34.15%.
Large investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of AstroNova by 37.0% during the second quarter. BlackRock Inc. now owns 22,215 shares of the business services provider’s stock valued at $419,000 after buying an additional 6,002 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of AstroNova by 101.3% in the third 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 period. Dimensional Fund Advisors LP raised its position in shares of AstroNova by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 558,106 shares of the business services provider’s stock worth $12,055,000 after acquiring an additional 17,898 shares during the period. Royce & Associates LP raised its position in shares of AstroNova by 41.9% in the third quarter. Royce & Associates LP now owns 92,100 shares of the business services provider’s stock worth $1,989,000 after acquiring an additional 27,200 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of AstroNova by 9.6% in the third quarter. Renaissance Technologies LLC now owns 218,600 shares of the business services provider’s stock worth $4,722,000 after acquiring an additional 19,150 shares during the period. Hedge funds and other institutional investors own 57.90% of the company’s stock.
AstroNova, Inc designs, develops, manufactures, and sells specialty printers & data acquisition and analysis systems. It provides its services to aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging and transportation industries.
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