Shares of AstroNova Inc (NASDAQ:ALOT) have earned a consensus broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Analysts have set a twelve-month consensus price target of $31.50 for the company, according to Zacks. Zacks has also assigned AstroNova an industry rank of 164 out of 255 based on the ratings given to its competitors.
Several brokerages recently commented on ALOT. ValuEngine downgraded AstroNova from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research downgraded AstroNova from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.
AstroNova (NASDAQ:ALOT) last posted its quarterly earnings results on Thursday, March 14th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.18. The business had revenue of $37.17 million for the quarter. AstroNova had a return on equity of 8.67% and a net margin of 4.19%. Analysts forecast that AstroNova will post 0.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 28th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, March 27th. AstroNova’s payout ratio is presently 34.15%.
A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 930 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of AstroNova by 8.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,403 shares of the business services provider’s stock valued at $289,000 after purchasing an additional 1,175 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of AstroNova by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 566,023 shares of the business services provider’s stock valued at $10,613,000 after purchasing an additional 7,917 shares during the period. Mesirow Financial Investment Management Inc. raised its stake in shares of 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 purchasing an additional 8,183 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of AstroNova by 9.6% in the 3rd quarter. Renaissance Technologies LLC now owns 218,600 shares of the business services provider’s stock valued at $4,722,000 after acquiring an additional 19,150 shares in the last quarter. 59.49% of the stock is currently owned by institutional investors and hedge funds.
AstroNova Company Profile
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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