Astronics (NASDAQ:ATRO) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

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

Astronics Price Performance

Shares of ATRO stock remained flat at $19.96 during trading on Tuesday. The company had a trading volume of 573,156 shares, compared to its average volume of 291,807. Astronics has a 1-year low of $14.13 and a 1-year high of $23.74. The business has a fifty day moving average price of $17.59 and a two-hundred day moving average price of $18.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46. The stock has a market capitalization of $703.83 million, a PE ratio of -105.05 and a beta of 1.79.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Astronics from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. 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.

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.