AstroNova Inc (NASDAQ:ALOT) announced a quarterly dividend on Monday, November 19th, Zacks reports. Investors of record on Friday, December 14th will be paid a dividend of 0.07 per share by the business services provider on Friday, December 21st. This represents a $0.28 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, December 13th.
AstroNova has a payout ratio of 59.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AstroNova to earn $0.65 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 43.1%.
NASDAQ:ALOT traded down $0.27 during midday trading on Friday, hitting $19.25. 4,589 shares of the stock were exchanged, compared to its average volume of 6,029. AstroNova has a one year low of $12.55 and a one year high of $23.95. The stock has a market cap of $135.72 million, a price-to-earnings ratio of 30.56, a PEG ratio of 3.46 and a beta of 0.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.73 and a quick ratio of 1.39.
AstroNova (NASDAQ:ALOT) last announced its earnings results on Wednesday, November 21st. The business services provider reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.09. AstroNova had a return on equity of 7.91% and a net margin of 3.07%. The firm had revenue of $34.20 million for the quarter. On average, sell-side analysts expect that AstroNova will post 0.47 EPS for the current year.
Separately, Zacks Investment Research raised AstroNova from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, November 28th.
In related news, Director Harold Schofield sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $22.13, for a total transaction of $88,520.00. Following the sale, the director now owns 17,149 shares of the company’s stock, valued at $379,507.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.40% of the stock is owned by insiders.
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AstroNova Company Profile
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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