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

AstroNova (NASDAQ:ALOT) announced its quarterly earnings results on Monday. The business services provider reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ 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%.

AstroNova stock opened at $15.01 on Wednesday. AstroNova has a 52 week low of $7.07 and a 52 week high of $18.05. The business has a 50-day simple moving average of $15.34 and a 200 day simple moving average of $14.80. The company has a quick ratio of 1.86, a current ratio of 3.77 and a debt-to-equity ratio of 0.18. The stock has a market cap of $108.54 million, a price-to-earnings ratio of 75.05, a PEG ratio of 3.17 and a beta of 0.78.

Separately, Zacks Investment Research cut 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 raised its holdings in shares of AstroNova, Inc. (NASDAQ:ALOT) by 39.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,152 shares of the business services provider’s stock after buying an additional 1,750 shares during the quarter. Morgan Stanley owned about 0.09% of AstroNova worth $86,000 as of its most recent filing with the Securities & Exchange Commission. 50.30% of the stock is owned by institutional investors.

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.

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Earnings History for AstroNova (NASDAQ:ALOT)

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