Astronics (OTCMKTS:ATROB) Shares Gap Up on Strong Earnings

Shares of Astronics Corp. (OTCMKTS:ATROB) gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $55.20, but opened at $59.81. Astronics shares last traded at $59.96, with a volume of 442 shares traded.

The aerospace company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. Astronics had a net margin of 14.21% and a return on equity of 73.50%. The company had revenue of $271.68 million during the quarter, compared to analyst estimates of $267.97 million.

Wall Street Analysts Forecast Growth

Separately, KeyCorp upgraded shares of Astronics to a “hold” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold”.

Astronics Trading Down 1.2%

The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.63 and a current ratio of 2.97. The company has a market capitalization of $2.60 billion, a PE ratio of 23.30 and a beta of 1.33. The stock has a fifty day moving average of $64.98 and a 200 day moving average of $77.77.

Astronics Company Profile

Astronics Corporation develops and manufactures technologies for the aerospace, defense and other mission-critical markets. Its aerospace products include aircraft lighting and safety systems, electrical power generation and distribution equipment, cabin electronics, connectivity solutions and aircraft structures. The company also provides automated test systems and related equipment used by aerospace and defense organizations and other manufacturers. Astronics serves customers in North America and internationally, including commercial aviation, business aviation and military markets.