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

TAT Technologies (NASDAQ:TATT) posted its quarterly earnings results on Wednesday. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03, Zacks reports. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

TAT Technologies Stock Up 0.8 %

NASDAQ TATT traded up $0.21 during trading hours on Wednesday, reaching $25.90. 57,359 shares of the company’s stock were exchanged, compared to its average volume of 51,122. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The company has a market capitalization of $283.35 million, a price-to-earnings ratio of 35.00 and a beta of 0.99. The company’s 50-day moving average is $27.66 and its two-hundred day moving average is $23.46. TAT Technologies has a one year low of $10.61 and a one year high of $33.37.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com lowered shares of TAT Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Benchmark began coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They issued a “buy” rating and a $30.00 price objective on the stock.

About TAT Technologies

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.