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

TAT Technologies (NASDAQ:TATT) posted its earnings results on Wednesday. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The business had revenue of $38.00 million during the quarter, compared to analyst estimates of $38.00 million.

TAT Technologies Stock Performance

Shares of TAT Technologies stock opened at $25.90 on Thursday. The firm has a market cap of $283.35 million, a PE ratio of 35.00 and a beta of 0.99. TAT Technologies has a 1 year low of $10.61 and a 1 year high of $33.37. The firm’s 50-day simple moving average is $27.61 and its 200-day simple moving average is $23.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TATT. Benchmark started coverage on shares of TAT Technologies in a report on Thursday, December 5th. They set a “buy” rating and a $30.00 price target for the company. StockNews.com downgraded TAT Technologies from a “buy” rating to a “hold” rating in a 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.