AstroNova Inc (NASDAQ:ALOT) announced a quarterly dividend on Monday, August 20th, Zacks reports. Shareholders of record on Friday, September 14th will be given a dividend of 0.07 per share by the business services provider on Friday, September 21st. This represents a $0.28 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, September 13th.
AstroNova has a payout ratio of 59.6% meaning its dividend is sufficiently covered by earnings. Analysts expect AstroNova to earn $0.55 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 50.9%.
NASDAQ:ALOT traded up $0.05 during trading hours on Friday, reaching $23.10. The stock had a trading volume of 39,852 shares, compared to its average volume of 27,950. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.63 and a quick ratio of 1.38. AstroNova has a 12-month low of $11.00 and a 12-month high of $23.95. The company has a market capitalization of $159.60 million, a P/E ratio of 36.67, a P/E/G ratio of 4.09 and a beta of -0.02.
AstroNova (NASDAQ:ALOT) last released its earnings results on Wednesday, August 22nd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.04. AstroNova had a return on equity of 8.08% and a net margin of 3.20%. The business had revenue of $33.81 million during the quarter. analysts anticipate that AstroNova will post 0.47 earnings per share for the current year.
Separately, Dougherty & Co started coverage on AstroNova in a research report on Wednesday, June 13th. They issued a “buy” rating for the company.
In other AstroNova news, VP Michael J. Natalizia sold 4,000 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $19.10, for a total value of $76,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.40% of the company’s stock.
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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