Astronics (OTCMKTS:ATROB) Shares Gap Up Following Better-Than-Expected Earnings

Astronics Corp. (OTCMKTS:ATROB)’s stock price gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $55.20, but opened at $59.81. Astronics shares last traded at $59.96, with a volume of 442 shares traded.

The aerospace company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $271.68 million for the quarter, compared to analysts’ expectations of $267.97 million. Astronics had a net margin of 14.21% and a return on equity of 73.50%.

Wall Street Analyst Weigh In

Separately, KeyCorp raised shares of Astronics to a “hold” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Astronics Trading Down 1.2%

The firm has a market cap of $2.60 billion, a P/E ratio of 23.30 and a beta of 1.33. The stock has a fifty day simple moving average of $64.98 and a 200 day simple moving average of $77.77. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.63 and a current ratio of 2.97.

About Astronics

Astronics Corporation develops and manufactures technologies for the aerospace, defense and other mission-critical markets. Its aerospace products include aircraft lighting and safety systems, electrical power generation and distribution equipment, cabin electronics, connectivity solutions and aircraft structures. The company also provides automated test systems and related equipment used by aerospace and defense organizations and other manufacturers. Astronics serves customers in North America and internationally, including commercial aviation, business aviation and military markets.