Brokerages Expect Arotech Co. (ARTX) to Announce $0.08 EPS

Arotech Co. (NASDAQ:ARTX) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $4.50 for the company and are expecting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given Arotech an industry rank of 114 out of 265 based on the ratings given to its competitors.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Arotech from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. B. Riley reissued a “buy” rating and issued a $4.50 price target on shares of Arotech in a report on Friday, November 10th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Zacks Investment Management bought a new stake in shares of Arotech in the 2nd quarter worth about $149,000. Vanguard Group Inc. lifted its position in Arotech by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,038,240 shares of the aerospace company’s stock worth $3,686,000 after buying an additional 19,082 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in Arotech by 105.1% during the 2nd quarter. GSA Capital Partners LLP now owns 166,100 shares of the aerospace company’s stock valued at $590,000 after purchasing an additional 85,100 shares during the period. 20.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of Arotech (NASDAQ:ARTX) remained flat at $$3.65 during trading on Friday. The company’s stock had a trading volume of 46,679 shares, compared to its average volume of 116,889. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.17 and a quick ratio of 1.70. Arotech has a 52-week low of $2.80 and a 52-week high of $4.35. The firm has a market capitalization of $97.66, a price-to-earnings ratio of -36.50 and a beta of 1.30.

Arotech (NASDAQ:ARTX) last issued its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). Arotech had a positive return on equity of 3.27% and a negative net margin of 2.87%. The firm had revenue of $25.93 million during the quarter, compared to analyst estimates of $24.48 million. equities research analysts anticipate that Arotech will post 0.14 EPS for the current fiscal year.

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Arotech Company Profile

Arotech Corporation is a defense and security products and services company, engaged in providing interactive simulation for military, law enforcement and commercial markets, and batteries and charging systems for the military, commercial and medical markets. The Company operates through two segments: Training and Simulation Division, and Power Systems Division.

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