Arotech (NASDAQ:ARTX) Releases FY 2019 Earnings Guidance

Arotech (NASDAQ:ARTX) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.13-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.14. The company issued revenue guidance of $95-105 million, compared to the consensus revenue estimate of $97.08 million.

A number of brokerages recently commented on ARTX. Zacks Investment Research raised Arotech from a hold rating to a buy rating and set a $2.25 price target for the company in a research report on Thursday. TheStreet lowered Arotech from a c rating to a d+ rating in a report on Wednesday, May 22nd. Finally, ValuEngine raised Arotech from a sell rating to a hold rating in a research note on Thursday, August 1st.

Shares of ARTX traded up $0.02 during trading hours on Friday, hitting $2.17. The company had a trading volume of 79,771 shares, compared to its average volume of 130,379. The company has a current ratio of 1.81, a quick ratio of 1.50 and a debt-to-equity ratio of 0.16. The firm has a market cap of $57.87 million, a price-to-earnings ratio of 13.56 and a beta of 1.32. Arotech has a 52-week low of $1.61 and a 52-week high of $3.66. The company’s 50 day moving average is $1.94.

Arotech (NASDAQ:ARTX) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Arotech had a return on equity of 2.80% and a net margin of 0.19%. The business had revenue of $23.27 million for the quarter, compared to analysts’ expectations of $21.58 million. During the same period in the previous year, the firm posted $0.03 EPS. On average, equities research analysts forecast that Arotech will post 0.12 earnings per share for the current fiscal year.

About Arotech

Arotech Corporation provides defense and security products worldwide. The company's Training and Simulation division develops, manufactures, and markets multimedia and interactive digital solutions for engineering, use-of-force training, and operator training of military, law enforcement, security, emergency services, and other personnel.

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