AstroNova (NASDAQ:ALOT) Announces Quarterly Earnings Results

AstroNova (NASDAQ:ALOT) posted its earnings results on Wednesday. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.07), Morningstar.com reports. The company had revenue of $33.47 million for the quarter. AstroNova had a net margin of 4.68% and a return on equity of 9.75%.

Shares of NASDAQ ALOT traded up $0.22 during midday trading on Thursday, hitting $16.30. 637 shares of the company’s stock traded hands, compared to its average volume of 28,135. AstroNova has a 1 year low of $15.03 and a 1 year high of $27.96. The stock has a market capitalization of $152.43 million, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.01 and a beta of 0.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 2.73. The firm has a fifty day moving average of $23.14 and a 200 day moving average of $23.40.

Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of AstroNova from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of AstroNova from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 6th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of AstroNova by 7.3% during the 2nd quarter. Wells Fargo & Company MN now owns 6,992 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 474 shares during the last quarter. Geode Capital Management LLC increased its holdings in AstroNova by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 46,934 shares of the business services provider’s stock worth $880,000 after acquiring an additional 930 shares in the last quarter. Royce & Associates LP increased its holdings in AstroNova by 1.4% in the 1st quarter. Royce & Associates LP now owns 93,400 shares of the business services provider’s stock worth $1,904,000 after acquiring an additional 1,300 shares in the last quarter. MML Investors Services LLC increased its holdings in AstroNova by 2.6% in the 2nd quarter. MML Investors Services LLC now owns 54,378 shares of the business services provider’s stock worth $1,405,000 after acquiring an additional 1,403 shares in the last quarter. Finally, Cavalier Investments LLC purchased a new stake in AstroNova in the 2nd quarter worth approximately $41,000. 65.86% of the stock is owned by hedge funds and other institutional investors.

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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