Astronics (NASDAQ:ATRO) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Astronics (NASDAQ:ATRO) posted its quarterly earnings data on Tuesday. The aerospace company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11, FiscalAI reports. Astronics had a return on equity of 75.27% and a net margin of 8.40%.The company had revenue of $259.96 million during the quarter, compared to analysts’ expectations of $245.30 million. The business’s revenue for the quarter was up 46.9% on a year-over-year basis.

Here are the key takeaways from Astronics’ conference call:

• Astronics reported record second-quarter results, with revenue up 27% year over year to $260 million, adjusted EBITDA margin reaching a record 19.8%, and adjusted operating margin expanding to 16.6%.
• Bookings rose to an all-time high of $306 million, including a $27 million FLRAA V-280 development order and a $45 million U.S. Army radio-test production award; backlog also reached a record level.
• Management raised full-year 2026 revenue guidance to $1.02 billion-$1.04 billion, expects third-quarter sales of $265 million-$275 million, and anticipates further margin improvement as volume leverage, contract repricing, and the Army radio program ramp up.
• Results benefited from a $2 million tariff refund, while ongoing tariffs are costing roughly $3 million-$4 million per quarter before mitigation; future refunds of approximately $6 million-$8 million have uncertain timing.
• The company remains optimistic about longer-term LEO connectivity, eVTOL, drone, and FLRAA opportunities, but acknowledged near-term weakness in its roughly $60 million annualized GEO business and said emerging-aircraft programs are not materially included in 2026 guidance.

Astronics Stock Performance

ATRO opened at $87.89 on Thursday. The firm has a market cap of $3.78 billion, a P/E ratio of 51.70 and a beta of 1.15. Astronics has a 1-year low of $27.12 and a 1-year high of $92.50. The company has a 50 day simple moving average of $74.44 and a two-hundred day simple moving average of $66.96. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63.

Institutional Trading of Astronics

Several institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of Astronics during the 4th quarter valued at $342,000. Invesco Ltd. increased its stake in Astronics by 63.0% in the 4th quarter. Invesco Ltd. now owns 205,672 shares of the aerospace company’s stock worth $11,156,000 after buying an additional 79,469 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in Astronics in the 4th quarter worth $568,000. Mercer Global Advisors Inc. ADV bought a new stake in Astronics during the fourth quarter valued at about $282,000. Finally, SkyView Investment Advisors LLC bought a new stake in Astronics during the fourth quarter valued at about $217,000. 56.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ATRO shares. Zacks Research raised shares of Astronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Wall Street Zen lowered shares of Astronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Astronics in a report on Friday, July 17th. TD Cowen increased their price target on shares of Astronics from $70.83 to $83.33 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Truist Financial upgraded shares of Astronics to a “strong-buy” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Astronics has a consensus rating of “Buy” and an average target price of $74.17.

Astronics Company Profile

Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.