TAT Technologies (NASDAQ:TATT) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

TAT Technologies (NASDAQ:TATT) released its quarterly earnings results on Wednesday. The aerospace company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03, Zacks reports. The business had revenue of $38.00 million during the quarter, compared to the consensus estimate of $38.00 million. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.

TAT Technologies Price Performance

Shares of TATT opened at $27.97 on Friday. TAT Technologies has a 52 week low of $10.61 and a 52 week high of $33.37. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The firm has a market cap of $305.99 million, a price-to-earnings ratio of 37.80 and a beta of 0.99. The stock has a 50 day moving average of $27.62 and a 200-day moving average of $23.51.

Analysts Set New Price Targets

TATT has been the topic of a number of research analyst reports. Benchmark started coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective on the stock. StockNews.com cut shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th.

TAT Technologies Company Profile

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.