Astronics (NASDAQ:ATRO) Releases Earnings Results, Misses Expectations By $0.14 EPS

Astronics (NASDAQ:ATRO) posted its quarterly earnings data on Thursday. The aerospace company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.14), Yahoo Finance reports. The firm had revenue of $185.07 million for the quarter, compared to analyst estimates of $172.74 million. Astronics had a negative return on equity of 6.02% and a negative net margin of 3.51%. During the same period in the prior year, the company posted ($0.14) EPS.

Astronics Trading Up 6.7 %

Shares of Astronics stock traded up $1.15 on Friday, hitting $18.37. 183,127 shares of the company’s stock traded hands, compared to its average volume of 99,787. The firm’s 50-day moving average price is $17.75 and its two-hundred day moving average price is $16.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.72 and a quick ratio of 1.38. The stock has a market capitalization of $634.13 million, a PE ratio of -23.86 and a beta of 1.64. Astronics has a one year low of $14.06 and a one year high of $22.44.

Insider Transactions at Astronics

In other news, EVP Michael C. Kuehn sold 7,074 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $17.72, for a total value of $125,351.28. Following the completion of the sale, the executive vice president now directly owns 12,875 shares of the company’s stock, valued at approximately $228,145. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Michael C. Kuehn sold 7,074 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $17.72, for a total value of $125,351.28. Following the completion of the sale, the executive vice president now owns 12,875 shares in the company, valued at approximately $228,145. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael C. Kuehn sold 2,209 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $20.16, for a total value of $44,533.44. Following the sale, the executive vice president now directly owns 14,248 shares in the company, valued at approximately $287,239.68. The disclosure for this sale can be found here. 10.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ATRO has been the subject of a number of recent research reports. StockNews.com upgraded Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Truist Financial dropped their price objective on Astronics from $21.00 to $19.00 and set a “hold” rating for the company in a report on Friday.

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.