Astronics (ATRO) Set to Announce Quarterly Earnings on Thursday

Astronics (NASDAQ:ATRO) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Astronics to post earnings of $0.05 per share for the quarter. Astronics has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Astronics (NASDAQ:ATRO) last issued its quarterly earnings data on Wednesday, February 28th. The aerospace company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The business had revenue of $195.29 million during the quarter, compared to the consensus estimate of $188.35 million. Astronics had a negative net margin of 3.83% and a negative return on equity of 6.53%. On average, analysts expect Astronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Astronics Trading Down 2.0 %

Shares of Astronics stock opened at $16.46 on Thursday. The firm has a 50-day simple moving average of $18.09 and a two-hundred day simple moving average of $16.87. The company has a market cap of $568.20 million, a P/E ratio of -20.07 and a beta of 1.62. Astronics has a fifty-two week low of $14.06 and a fifty-two week high of $22.44. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.38 and a current ratio of 2.72.

Analysts Set New Price Targets

A number of brokerages have weighed in on ATRO. Truist Financial upped their price objective on shares of Astronics from $18.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. StockNews.com upgraded shares of Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th.

Insider Buying and Selling

In related news, EVP Michael C. Kuehn sold 7,074 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $17.72, for a total transaction of $125,351.28. Following the completion of the transaction, the executive vice president now owns 12,875 shares in the company, valued at approximately $228,145. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Michael C. Kuehn sold 2,209 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $20.16, for a total transaction of $44,533.44. Following the completion of the transaction, the executive vice president now owns 14,248 shares in the company, valued at approximately $287,239.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $125,351.28. Following the transaction, the executive vice president now owns 12,875 shares of the company’s stock, valued at approximately $228,145. The disclosure for this sale can be found here. Insiders own 10.83% of the company’s stock.

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.