TAT Technologies (NASDAQ:TATT) Releases 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 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03, Zacks reports. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The business had revenue of $38.00 million during the quarter, compared to analyst estimates of $38.00 million.

TAT Technologies Stock Performance

TATT opened at $25.90 on Thursday. The business has a fifty day simple moving average of $27.61 and a 200-day simple moving average of $23.48. The firm has a market cap of $283.35 million, a PE ratio of 35.00 and a beta of 0.99. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. TAT Technologies has a fifty-two week low of $10.61 and a fifty-two week high of $33.37.

Wall Street Analysts Forecast Growth

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

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.