AstroNova (NASDAQ:ALOT) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

AstroNova (NASDAQ:ALOT) posted its quarterly earnings results on Monday. The business services provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07, MarketWatch Earnings reports. AstroNova had a return on equity of 1.95% and a net margin of 1.26%.

Shares of NASDAQ ALOT opened at $15.01 on Wednesday. The business’s 50-day moving average price is $15.34 and its two-hundred day moving average price is $14.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.77 and a quick ratio of 1.86. AstroNova has a one year low of $7.07 and a one year high of $18.05. The company has a market capitalization of $108.54 million, a P/E ratio of 75.05, a price-to-earnings-growth ratio of 3.17 and a beta of 0.78.

An institutional investor recently raised its position in AstroNova stock. Morgan Stanley raised its position in AstroNova, Inc. (NASDAQ:ALOT) by 39.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,152 shares of the business services provider’s stock after purchasing an additional 1,750 shares during the quarter. Morgan Stanley owned approximately 0.09% of AstroNova worth $86,000 at the end of the most recent quarter. 50.30% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research lowered AstroNova from a “buy” rating to a “hold” rating in a research report on Monday, August 16th.

AstroNova Company Profile

AstroNova, Inc engages in the design, development, manufacture, and distribution of specialty printers and data acquisition and analysis systems. It operates through the Product Identification (PI) and Test and Measurement (T&M) segments. The PI segment offers digital label printers, over-printers, labeling software, spare parts, service contracts, and related printing supplies such as pressure sensitive labels, tags, inks, toners, and thermal transfer ribbons used in product identification digital printers.

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Earnings History for AstroNova (NASDAQ:ALOT)

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