Arotech Corporation (ARTX) to Post Q4 2017 Earnings of $0.08 Per Share, B. Riley Forecasts
Arotech Corporation (NASDAQ:ARTX) – B. Riley increased their Q4 2017 earnings per share estimates for Arotech Corporation in a research note issued to investors on Friday. B. Riley analyst M. Crawford now anticipates that the aerospace company will post earnings per share of $0.08 for the quarter, up from their prior forecast of $0.07. B. Riley has a “Buy” rating and a $4.50 price target on the stock. B. Riley also issued estimates for Arotech Corporation’s FY2019 earnings at $0.33 EPS.
Separately, Zacks Investment Research raised Arotech Corporation from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Wednesday, November 8th.
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Arotech Corporation (ARTX) opened at $3.85 on Monday. The stock has a market capitalization of $105.58, a PE ratio of 44.44 and a beta of 1.33. Arotech Corporation has a 1 year low of $2.80 and a 1 year high of $5.00. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14.
Arotech Corporation (NASDAQ:ARTX) last posted its earnings results on Wednesday, November 8th. The aerospace company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.04). The business had revenue of $25.93 million during the quarter, compared to analysts’ expectations of $24.48 million. Arotech Corporation had a negative net margin of 2.87% and a positive return on equity of 3.27%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zacks Investment Management acquired a new stake in shares of Arotech Corporation in the 2nd quarter worth approximately $149,000. Goldman Sachs Group Inc. grew its holdings in Arotech Corporation by 73.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 48,311 shares of the aerospace company’s stock valued at $143,000 after buying an additional 20,461 shares during the last quarter. GSA Capital Partners LLP grew its holdings in Arotech Corporation 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 buying an additional 85,100 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in Arotech Corporation by 35.9% during the 2nd quarter. Essex Investment Management Co. LLC now owns 436,266 shares of the aerospace company’s stock valued at $1,549,000 after buying an additional 115,254 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Arotech Corporation by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,038,240 shares of the aerospace company’s stock valued at $3,686,000 after buying an additional 19,082 shares during the last quarter. Institutional investors and hedge funds own 21.56% of the company’s stock.
Arotech Corporation 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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