Alliant Techsystems (ATK) Releases Quarterly Earnings, Beats Estimates By $0.50 EPS
Alliant Techsystems (NYSE:ATK) released its earnings data on Thursday. The company reported $2.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.40 by $0.50, AR Network reports. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.32 billion.
Shares of Alliant Techsystems (NYSE:ATK) opened at 147.91 on Thursday. Alliant Techsystems has a 1-year low of $75.73 and a 1-year high of $158.13. The stock has a 50-day moving average of $143.2 and a 200-day moving average of $130.. The company has a market cap of $4.707 billion and a P/E ratio of 15.32.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 26th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, May 29th.
A number of research firms have recently commented on ATK. Analysts at Argus raised their price target on shares of Alliant Techsystems from $165.00 to $178.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. On a related note, analysts at Barclays reiterated an “equal weight” rating on shares of Alliant Techsystems in a research note on Wednesday, April 30th. They now have a $160.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Alliant Techsystems from $147.00 to $158.00 in a research note on Wednesday, April 30th. They now have an “overweight” rating on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $155.36.
Alliant Techsystems Inc (NYSE:ATK) is an aerospace, defense, and commercial products company that operates in 22 states, Puerto Rico, and internationally.
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