AstroNova (NASDAQ:ALOT) Releases Earnings Results, Misses Expectations By $0.07 EPS

AstroNova (NASDAQ:ALOT) issued its earnings results on Wednesday, August 28th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07), Morningstar.com reports. AstroNova had a return on equity of 9.17% and a net margin of 4.52%. The firm had revenue of $33.47 million during the quarter.

Shares of ALOT opened at $16.56 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.30 and a current ratio of 2.42. The firm has a market cap of $112.94 million, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.78 and a beta of 0.37. AstroNova has a fifty-two week low of $14.80 and a fifty-two week high of $27.96. The business has a 50-day moving average of $20.46 and a 200 day moving average of $23.09.

The company also recently disclosed a — dividend, which will be paid on Tuesday, September 24th. Investors of record on Monday, September 16th will be issued a $0.07 dividend. This represents a yield of 1.7%. The ex-dividend date is Friday, September 13th. AstroNova’s dividend payout ratio (DPR) is currently 34.15%.

Several equities analysts have weighed in on ALOT shares. ValuEngine upgraded AstroNova from a “hold” rating to a “buy” rating in a research note on Wednesday, August 28th. Zacks Investment Research cut AstroNova from a “hold” rating to a “strong sell” rating in a research note on Friday, August 30th.

A number of hedge funds have recently bought and sold shares of ALOT. Geode Capital Management LLC boosted its position in shares of AstroNova by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 46,934 shares of the business services provider’s stock valued at $880,000 after acquiring an additional 930 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of AstroNova by 1.4% during 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 acquiring an additional 7,917 shares during the last quarter. Quantum Capital Management boosted its position in shares of AstroNova by 13.9% during the 1st quarter. Quantum Capital Management now owns 61,939 shares of the business services provider’s stock valued at $1,263,000 after acquiring an additional 7,579 shares during the last quarter. Royce & Associates LP boosted its position in shares of AstroNova by 1.4% during the 1st quarter. Royce & Associates LP now owns 93,400 shares of the business services provider’s stock valued at $1,904,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of AstroNova by 7.5% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 414,720 shares of the business services provider’s stock valued at $8,456,000 after acquiring an additional 28,760 shares during the last quarter. 61.55% of the stock is owned by institutional investors and hedge funds.

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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Earnings History for AstroNova (NASDAQ:ALOT)

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