Zacks: AstroNova Inc (NASDAQ:ALOT) Given $28.00 Consensus Target Price by Analysts

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AstroNova Inc (NASDAQ:ALOT) has earned a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.

Brokers have set a 1 year consensus price target of $28.00 for the company and are forecasting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned AstroNova an industry rank of 86 out of 255 based on the ratings given to its competitors.

A number of analysts have commented on ALOT shares. Zacks Investment Research lowered shares of AstroNova from a “hold” rating to a “strong sell” rating in a report on Friday, August 30th. ValuEngine raised shares of AstroNova from a “hold” rating to a “buy” rating in a research report on Wednesday, August 28th.

Shares of NASDAQ:ALOT opened at $16.20 on Monday. The company has a market cap of $107.93 million, a P/E ratio of 17.20, a P/E/G ratio of 1.70 and a beta of 0.37. The stock’s 50-day moving average is $16.47 and its 200-day moving average is $22.61. AstroNova has a 52-week low of $14.80 and a 52-week high of $27.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 2.42.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings results on Wednesday, August 28th. The business services provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). AstroNova had a return on equity of 9.17% and a net margin of 4.52%. The business had revenue of $33.47 million for the quarter. As a group, equities analysts predict that AstroNova will post 0.75 EPS for the current year.

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

In other AstroNova news, Director Richard S. Warzala bought 2,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $16.53 per share, for a total transaction of $33,060.00. Following the transaction, the director now directly owns 9,496 shares in the company, valued at approximately $156,968.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Cavalier Investments LLC acquired a new stake in AstroNova in the second quarter worth $41,000. Acadian Asset Management LLC raised its position in shares of AstroNova by 337.0% in the second quarter. Acadian Asset Management LLC now owns 6,289 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 4,850 shares during the period. Wells Fargo & Company MN raised its position in shares of AstroNova by 7.3% in the second 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 period. Corrado Advisors LLC bought a new stake in shares of AstroNova in the second quarter valued at approximately $196,000. Finally, Hancock Whitney Corp bought a new stake in shares of AstroNova in the second quarter valued at approximately $228,000. 61.20% 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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