Shares of Arotech Co. (NASDAQ:ARTX) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus target price of $4.50 for the company and are expecting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Arotech an industry rank of 191 out of 256 based on the ratings given to its competitors.
A number of analysts recently issued reports on the stock. ValuEngine lowered shares of Arotech from a “hold” rating to a “sell” rating in a research note on Tuesday, June 4th. TheStreet lowered shares of Arotech from a “c” rating to a “d+” rating in a research note on Wednesday, May 22nd. Finally, Zacks Investment Research lowered shares of Arotech from a “hold” rating to a “strong sell” rating in a research note on Friday, May 17th.
Arotech (NASDAQ:ARTX) last issued its quarterly earnings results on Wednesday, May 8th. The aerospace company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The company had revenue of $20.78 million during the quarter, compared to the consensus estimate of $24.10 million. Arotech had a positive return on equity of 2.60% and a negative net margin of 0.15%. As a group, equities research analysts forecast that Arotech will post 0.12 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in ARTX. Van ECK Associates Corp boosted its holdings in Arotech by 49.4% in the fourth quarter. Van ECK Associates Corp now owns 13,153 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 4,352 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in Arotech in the first quarter worth $44,000. Shepherd Kaplan Krochuk LLC acquired a new position in Arotech in the fourth quarter worth $54,000. Virtu Financial LLC acquired a new position in Arotech in the first quarter worth $63,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Arotech in the first quarter worth $78,000. 32.81% of the stock is owned by hedge funds and other institutional investors.
Arotech Corporation provides defense and security products worldwide. The company's Training and Simulation division develops, manufactures, and markets multimedia and interactive digital solutions for engineering, use-of-force training, and operator training of military, law enforcement, security, emergency services, and other personnel.
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