Astronics (NASDAQ:ATRO) Releases Earnings Results, Beats Expectations By $0.27 EPS

Astronics (NASDAQ:ATRO) issued its quarterly earnings data on Tuesday. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.27, Zacks reports. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%.

Astronics Price Performance

Shares of NASDAQ:ATRO remained flat at $19.96 during mid-day trading on Tuesday. The company had a trading volume of 573,156 shares, compared to its average volume of 291,807. The company has a market capitalization of $703.83 million, a P/E ratio of -105.05 and a beta of 1.79. The business’s 50 day moving average price is $17.59 and its 200 day moving average price is $18.22. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72. Astronics has a fifty-two week low of $14.13 and a fifty-two week high of $23.74.

Analyst Upgrades and Downgrades

Several analysts have commented on ATRO shares. Truist Financial dropped their target price on shares of Astronics from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. StockNews.com cut shares of Astronics from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th.

Astronics Company Profile

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.