Equities analysts forecast that Astronics Co. (NASDAQ:ATRO) will announce $0.40 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Astronics’ earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.32. Astronics reported earnings per share of $0.49 in the same quarter last year, which would indicate a negative year-over-year growth rate of 18.4%. The business is scheduled to announce its next earnings results on Friday, August 2nd.

According to Zacks, analysts expect that Astronics will report full-year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $2.00. For the next fiscal year, analysts anticipate that the business will report earnings of $2.12 per share, with EPS estimates ranging from $1.90 to $2.26. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Astronics.

Astronics (NASDAQ:ATRO) last released its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. Astronics had a net margin of 14.61% and a return on equity of 15.16%. The business had revenue of $208.20 million for the quarter, compared to analysts’ expectations of $192.10 million. During the same quarter last year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year.

ATRO has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Astronics from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. BidaskClub raised shares of Astronics from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. SunTrust Banks lowered shares of Astronics from a “hold” rating to a “sell” rating and reduced their price target for the stock from $41.00 to $36.00 in a research report on Friday. Finally, ValuEngine raised shares of Astronics from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $40.25.

ATRO traded down $0.74 on Monday, reaching $38.75. The company had a trading volume of 15,686 shares, compared to its average volume of 252,860. Astronics has a one year low of $27.56 and a one year high of $46.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.44 and a quick ratio of 1.50. The firm has a fifty day moving average of $39.44. The stock has a market cap of $1.29 billion, a P/E ratio of 27.41, a P/E/G ratio of 2.06 and a beta of 1.43.

In related news, VP Mark Peabody sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $43.78, for a total transaction of $87,560.00. Following the transaction, the vice president now owns 18,761 shares of the company’s stock, valued at $821,356.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.80% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in shares of Astronics by 196.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 872 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 578 shares during the period. CNB Bank bought a new stake in Astronics in the 4th quarter valued at approximately $33,000. Optimum Investment Advisors bought a new stake in shares of Astronics during the 1st quarter worth approximately $33,000. Quantamental Technologies LLC bought a new stake in Astronics in the 1st quarter valued at $50,000. Finally, Bremer Trust National Association bought a new stake in Astronics in the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 64.92% of the company’s stock.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

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Earnings History and Estimates for Astronics (NASDAQ:ATRO)

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