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

AstroNova (NASDAQ:ALOT) released its quarterly earnings data 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%.

ALOT opened at $15.01 on Wednesday. The stock has a market capitalization of $108.54 million, a PE ratio of 75.05, a P/E/G ratio of 3.17 and a beta of 0.78. 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 12-month low of $7.07 and a 12-month high of $18.05. The firm’s fifty day moving average price is $15.34 and its 200 day moving average price is $14.80.

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

A hedge fund recently raised its stake in AstroNova stock. Morgan Stanley increased its stake in AstroNova, Inc. (NASDAQ:ALOT) by 39.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,152 shares of the business services provider’s stock after purchasing an additional 1,750 shares during the quarter. Morgan Stanley owned about 0.09% of AstroNova worth $86,000 at the end of the most recent quarter. Institutional investors own 50.30% of the company’s stock.

About AstroNova

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.

Featured Story: Price Target

Earnings History for AstroNova (NASDAQ:ALOT)

Receive News & Ratings for AstroNova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AstroNova and related companies with MarketBeat.com's FREE daily email newsletter.