TAT Technologies (NASDAQ:TATT) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

TAT Technologies (NASDAQ:TATT) issued its quarterly earnings data on Monday. The aerospace company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.19, FiscalAI reports. TAT Technologies had a net margin of 11.26% and a return on equity of 9.84%. The business had revenue of $55.56 million during the quarter, compared to the consensus estimate of $52.84 million.

TAT Technologies Price Performance

Shares of NASDAQ TATT opened at $31.80 on Monday. The stock has a market cap of $413.40 million, a P/E ratio of 19.88 and a beta of 1.04. TAT Technologies has a twelve month low of $30.47 and a twelve month high of $64.50. The stock has a 50 day moving average of $35.54 and a two-hundred day moving average of $42.47. The company has a current ratio of 4.83, a quick ratio of 2.61 and a debt-to-equity ratio of 0.06.

Analyst Ratings Changes

TATT has been the topic of a number of recent analyst reports. B. Riley Financial dropped their target price on shares of TAT Technologies from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. William Blair reissued a “hold” rating on shares of TAT Technologies in a research report on Wednesday, July 15th. Weiss Ratings downgraded shares of TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Finally, Benchmark reaffirmed a “buy” rating on shares of TAT Technologies in a report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.33.

About TAT Technologies

TAT Technologies Ltd. is an aerospace and defense company headquartered in Netanya, Israel. The company develops, manufactures, and services thermal-management and other specialized systems used in commercial, military, business, and general aviation applications.

Its product portfolio includes heat exchangers, air-conditioning and environmental-control components, air-cycle machines, pre-coolers, oil coolers, fuel heaters, pumps, and related aircraft systems. TAT also provides maintenance, repair, and overhaul services for aircraft heat-transfer equipment, auxiliary power units, landing-gear components, and other aviation parts.

Through its operations in Israel and the United States, TAT Technologies serves aircraft manufacturers, airlines, aerospace and defense contractors, and government customers.