Astronics (ATRO) Scheduled to Post Quarterly Earnings on Wednesday

Astronics (NASDAQ:ATRO) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings data on Thursday, August 1st. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). The company had revenue of $198.11 million for the quarter, compared to analyst estimates of $191.19 million. Astronics had a negative return on equity of 0.31% and a negative net margin of 1.57%. During the same quarter in the prior year, the firm earned ($0.37) earnings per share. On average, analysts expect Astronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Astronics Stock Up 1.8 %

ATRO opened at $17.71 on Monday. Astronics has a 52 week low of $14.11 and a 52 week high of $23.74. The firm has a market cap of $617.02 million, a P/E ratio of -49.19 and a beta of 1.83. The business’s fifty day simple moving average is $19.76 and its 200 day simple moving average is $19.69. The company has a quick ratio of 1.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.67.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price objective on shares of Astronics from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, October 18th.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.