Astronics (NASDAQ:ATRO) Releases Quarterly Earnings Results

Astronics (NASDAQ:ATRO) released its quarterly earnings results on Tuesday. The aerospace company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.09, FiscalAI reports. The firm had revenue of $271.68 million for the quarter, compared to analysts’ expectations of $267.97 million. Astronics had a return on equity of 67.69% and a net margin of 8.40%. The company’s revenue was up 41.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS.

Here are the key takeaways from Astronics’ conference call:

• Astronics reported record third-quarter sales of $271.7 million, up 28.5% year over year, with adjusted operating margin of 18.8% and adjusted EBITDA margin of 21.8%. Adjusted operating income nearly doubled, although reported results also benefited from tariff refunds and legal recoveries.
• Demand remained strong, with consolidated backlog at $780 million and aerospace backlog reaching a record $670 million. Management expects another year of strong double-digit revenue growth in 2027, citing aircraft production, inflight connectivity, premium seating, and defense opportunities.
• Test Systems returned to profitability, with sales up 40% and a 14.7% operating margin; the Army radio test program contributed $5.3 million in the quarter. Astronics expects quarterly program revenue to reach roughly $9 million–$10 million at full-rate production in early 2027, subject to supplier performance.
• The company maintained its 2026 revenue outlook of $1.02 billion–$1.04 billion, implying a fourth-quarter midpoint below record third-quarter sales. Management cited customer scheduling, uncertainty around the MV-75 program’s revised schedule, and longer lead times and price increases for some electronic components as risks to near-term visibility.

Astronics Stock Up 5.1%

ATRO opened at $62.00 on Wednesday. The stock has a market cap of $2.67 billion, a PE ratio of 36.47 and a beta of 1.37. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 1.57. Astronics has a 52 week low of $38.13 and a 52 week high of $94.46. The business’s fifty day simple moving average is $65.39 and its 200 day simple moving average is $67.46.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. KeyCorp started coverage on Astronics in a report on Thursday, October 22nd. They set a “sector weight” rating for the company. TD Cowen reaffirmed a “buy” rating and issued a $90.00 target price (down from $100.00) on shares of Astronics in a research note on Friday, October 9th. Weiss Ratings lowered shares of Astronics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Zacks Research lowered shares of Astronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Wall Street Zen raised shares of Astronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.58.

Astronics Company Profile

Astronics Corporation designs and manufactures technologies for the aerospace, defense and other industries. Its aerospace products include aircraft lighting, electrical power generation and distribution systems, cabin electronics, connectivity solutions and avionics-related equipment used on commercial and military aircraft. The company also develops test systems, including automated equipment used to test aerospace and defense electronics. Astronics serves aircraft manufacturers, airlines, defense organizations and other customers, with products and services reaching markets around the world.