Zacks Investment Research lowered shares of AstroNova (NASDAQ:ALOT) from a hold rating to a sell rating in a research report sent to investors on Monday morning, Zacks.com reports.
According to Zacks, “AstroNova, Inc. provides data visualization technologies. The company designs, manufactures, distributes and services products which acquire, store, analyze and present data in multiple formats. The Product Identification segment offers hardware and software products and associated consumables. Test and Measurement segment includes suite of products and services which acquire and record electronic signal data from local and networked sensors. Its brand includes QuickLabel(R). AstroNova, Inc., formerly known as Astro-Med, Inc., is based in WEST WARWICK, United States. “
Separately, ValuEngine lowered shares of AstroNova from a buy rating to a hold rating in a research note on Monday, April 1st.
NASDAQ:ALOT opened at $25.90 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.32 and a current ratio of 2.73. AstroNova has a 52 week low of $16.74 and a 52 week high of $27.96. The firm has a market capitalization of $182.14 million, a PE ratio of 31.59, a PEG ratio of 2.41 and a beta of 0.26.
AstroNova (NASDAQ:ALOT) last posted its quarterly earnings data on Wednesday, June 5th. The business services provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. AstroNova had a net margin of 4.68% and a return on equity of 9.75%. The company had revenue of $36.18 million for the quarter. Equities research analysts forecast that AstroNova will post 0.9 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 17th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, June 14th. AstroNova’s dividend payout ratio is currently 34.15%.
Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of AstroNova by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 46,934 shares of the business services provider’s stock valued at $880,000 after purchasing an additional 930 shares during the last quarter. Northern Trust Corp boosted its stake in shares of AstroNova by 3.5% in the 1st quarter. Northern Trust Corp now owns 32,386 shares of the business services provider’s stock valued at $660,000 after purchasing an additional 1,089 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of AstroNova by 8.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,403 shares of the business services provider’s stock valued at $289,000 after purchasing an additional 1,175 shares during the last quarter. Royce & Associates LP boosted its stake in shares of AstroNova by 1.4% in the 1st quarter. Royce & Associates LP now owns 93,400 shares of the business services provider’s stock valued at $1,904,000 after purchasing an additional 1,300 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of AstroNova by 11.2% in the 1st quarter. JPMorgan Chase & Co. now owns 17,349 shares of the business services provider’s stock valued at $354,000 after purchasing an additional 1,747 shares during the last quarter. 59.05% of the stock is currently owned by institutional investors.
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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