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

Astronics (NASDAQ:ATRO) announced its quarterly earnings data 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 negative net margin of 0.82% and a positive return on equity of 6.94%.

Astronics Price Performance

Shares of ATRO remained flat at $19.96 during midday trading on Tuesday. The stock had a trading volume of 575,612 shares, compared to its average volume of 291,860. The stock has a market cap of $703.83 million, a P/E ratio of -105.05 and a beta of 1.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.83 and a quick ratio of 1.46. Astronics has a twelve month low of $14.13 and a twelve month high of $23.74. The firm has a fifty day simple moving average of $17.59 and a 200-day simple moving average of $18.22.

Wall Street Analyst Weigh In

ATRO has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Astronics from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Truist Financial dropped their price objective on 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.