AstroNova Inc (NASDAQ:ALOT) Receives Average Recommendation of “Buy” from Analysts

AstroNova Inc (NASDAQ:ALOT) has earned an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating.

Brokerages have set a one year consensus price objective of $28.00 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned AstroNova an industry rank of 82 out of 255 based on the ratings given to its competitors.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded AstroNova from a “hold” rating to a “strong sell” rating in a research report on Friday, August 30th. ValuEngine upgraded AstroNova from a “hold” rating to a “buy” rating in a research report on Wednesday, August 28th.

In related news, Director Richard S. Warzala bought 2,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $16.53 per share, for a total transaction of $33,060.00. Following the completion of the transaction, the director now owns 9,496 shares of the company’s stock, valued at $156,968.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Cavalier Investments LLC bought a new stake in AstroNova during the second quarter valued at about $41,000. Acadian Asset Management LLC increased its holdings in shares of AstroNova by 337.0% in the second quarter. Acadian Asset Management LLC now owns 6,289 shares of the business services provider’s stock worth $162,000 after purchasing an additional 4,850 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of AstroNova by 7.3% in the second quarter. Wells Fargo & Company MN now owns 6,992 shares of the business services provider’s stock worth $180,000 after purchasing an additional 474 shares during the last quarter. Corrado Advisors LLC bought a new stake in shares of AstroNova in the second quarter worth about $196,000. Finally, Hancock Whitney Corp bought a new stake in shares of AstroNova in the second quarter worth about $228,000. 61.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of ALOT stock traded up $0.06 on Monday, reaching $15.53. The stock had a trading volume of 554 shares, compared to its average volume of 61,655. The stock has a market cap of $106.45 million, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.68 and a beta of 0.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 2.42. The company has a 50 day simple moving average of $17.47 and a 200 day simple moving average of $22.76. AstroNova has a 1 year low of $14.80 and a 1 year high of $27.96.

AstroNova (NASDAQ:ALOT) last released its earnings results on Wednesday, August 28th. The business services provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.07). The company had revenue of $33.47 million for the quarter. AstroNova had a net margin of 4.52% and a return on equity of 9.17%. On average, equities research analysts anticipate that AstroNova will post 0.75 earnings per share for the current fiscal year.

The business also recently announced a — dividend, which was paid on Tuesday, September 24th. Investors of record on Monday, September 16th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 1.7%. AstroNova’s dividend payout ratio (DPR) is presently 34.15%.

About AstroNova

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).

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