AstroNova Inc (NASDAQ:ALOT) – Dougherty & Co issued their Q4 2020 EPS estimates for shares of AstroNova in a report released on Thursday, December 5th. Dougherty & Co analyst R. Ryan forecasts that the business services provider will earn $0.10 per share for the quarter.
Several other research analysts have also weighed in on ALOT. ValuEngine upgraded shares of AstroNova from a “hold” rating to a “buy” rating in a research note on Wednesday, August 28th. TheStreet downgraded shares of AstroNova from a “b-” rating to a “c+” rating in a research note on Tuesday, October 29th. Finally, Zacks Investment Research upgraded AstroNova from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 29th.
AstroNova (NASDAQ:ALOT) last issued its earnings results on Wednesday, December 4th. The business services provider reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.11). AstroNova had a return on equity of 9.17% and a net margin of 4.52%. The firm had revenue of $33.32 million for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Thursday, December 19th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.98%. AstroNova’s payout ratio is 34.15%.
In other AstroNova news, Director Richard S. Warzala bought 2,000 shares of AstroNova stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of $16.53 per share, for a total transaction of $33,060.00. Following the purchase, the director now owns 9,496 shares of the company’s stock, valued at approximately $156,968.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.80% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its stake in AstroNova by 107.1% in the 3rd quarter. Millennium Management LLC now owns 61,773 shares of the business services provider’s stock valued at $998,000 after acquiring an additional 31,940 shares during the period. Boston Partners increased its holdings in shares of AstroNova by 20.2% in the third quarter. Boston Partners now owns 47,224 shares of the business services provider’s stock valued at $764,000 after purchasing an additional 7,924 shares during the last quarter. State Street Corp increased its holdings in shares of AstroNova by 38.4% in the third quarter. State Street Corp now owns 113,802 shares of the business services provider’s stock valued at $1,840,000 after purchasing an additional 31,597 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of AstroNova by 65.1% in the third quarter. Wedge Capital Management L L P NC now owns 41,554 shares of the business services provider’s stock valued at $672,000 after purchasing an additional 16,384 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of AstroNova by 19.1% in the third quarter. Russell Investments Group Ltd. now owns 130,405 shares of the business services provider’s stock valued at $2,108,000 after purchasing an additional 20,898 shares during the period. 61.96% of the stock is currently owned by institutional investors and hedge funds.
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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