Astronics (ATRO) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Astronics (NASDAQ:ATRO) announced its earnings results on Friday. The aerospace company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.09, MarketWatch Earnings reports. Astronics had a net margin of 1.75% and a return on equity of 8.43%. The business had revenue of $208.60 million for the quarter, compared to the consensus estimate of $195.91 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 38.1% on a year-over-year basis.

Shares of ATRO opened at $41.59 on Friday. Astronics has a twelve month low of $25.03 and a twelve month high of $49.45. The firm has a market capitalization of $1.11 billion, a PE ratio of 39.95, a PEG ratio of 2.71 and a beta of 1.72. The company has a current ratio of 2.86, a quick ratio of 1.55 and a debt-to-equity ratio of 0.81.

Several equities research analysts have recently weighed in on ATRO shares. BidaskClub downgraded shares of Astronics from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research raised shares of Astronics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Canaccord Genuity reissued a “hold” rating and issued a $41.00 target price on shares of Astronics in a research note on Friday. Finally, ValuEngine raised shares of Astronics from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.75.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

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Earnings History for Astronics (NASDAQ:ATRO)

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