Zacks: AstroNova Inc (ALOT) Given $31.50 Consensus Target Price by Analysts

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

Brokers have set a 12 month consensus price objective of $31.50 for the company, according to Zacks. Zacks has also given AstroNova an industry rank of 83 out of 256 based on the ratings given to related companies.

ALOT has been the topic of a number of recent research reports. Zacks Investment Research cut shares of AstroNova from a “buy” rating to a “hold” rating in a report on Monday, March 11th. ValuEngine cut shares of AstroNova from a “buy” rating to a “hold” rating in a report on Monday, April 1st.

Shares of NASDAQ ALOT traded up $0.24 during midday trading on Friday, hitting $26.20. 600 shares of the company traded hands, compared to its average volume of 41,674. AstroNova has a 12-month low of $16.74 and a 12-month high of $27.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.54 and a quick ratio of 1.32. The stock has a market capitalization of $181.30 million, a P/E ratio of 31.84, a P/E/G ratio of 2.27 and a beta of 0.26.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings data on Wednesday, June 5th. The business services provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $36.18 million for the quarter. AstroNova had a net margin of 4.68% and a return on equity of 9.89%. Research analysts anticipate that AstroNova will post 0.95 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Monday, June 17th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, June 14th. AstroNova’s dividend payout ratio (DPR) is presently 34.15%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in AstroNova by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 46,934 shares of the business services provider’s stock worth $880,000 after purchasing an additional 930 shares during the period. Northern Trust Corp grew its holdings in AstroNova by 3.5% in the first quarter. Northern Trust Corp now owns 32,386 shares of the business services provider’s stock worth $660,000 after purchasing an additional 1,089 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in AstroNova by 8.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,403 shares of the business services provider’s stock worth $289,000 after purchasing an additional 1,175 shares during the period. Royce & Associates LP grew its holdings in AstroNova by 1.4% in the first quarter. Royce & Associates LP now owns 93,400 shares of the business services provider’s stock worth $1,904,000 after purchasing an additional 1,300 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in AstroNova by 11.2% in the first quarter. JPMorgan Chase & Co. now owns 17,349 shares of the business services provider’s stock worth $354,000 after purchasing an additional 1,747 shares during the period. Institutional investors and hedge funds own 59.05% of the company’s stock.

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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