Astronics (NASDAQ:ATRO) Announces Earnings Results

Astronics (NASDAQ:ATRO) posted its quarterly earnings data on Tuesday. The aerospace company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11, FiscalAI reports. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The business had revenue of $259.96 million for the quarter, compared to analysts’ expectations of $245.30 million.

Here are the key takeaways from Astronics’ conference call:

• Astronics reported record second-quarter results, with revenue up 27% year over year to $260 million, adjusted EBITDA margin reaching a record 19.8%, and adjusted operating margin expanding to 16.6%.
• Bookings rose to an all-time high of $306 million, including a $27 million FLRAA V-280 development order and a $45 million U.S. Army radio-test production award; backlog also reached a record level.
• Management raised full-year 2026 revenue guidance to $1.02 billion-$1.04 billion, expects third-quarter sales of $265 million-$275 million, and anticipates further margin improvement as volume leverage, contract repricing, and the Army radio program ramp up.
• Results benefited from a $2 million tariff refund, while ongoing tariffs are costing roughly $3 million-$4 million per quarter before mitigation; future refunds of approximately $6 million-$8 million have uncertain timing.
• The company remains optimistic about longer-term LEO connectivity, eVTOL, drone, and FLRAA opportunities, but acknowledged near-term weakness in its roughly $60 million annualized GEO business and said emerging-aircraft programs are not materially included in 2026 guidance.

Astronics Stock Down 0.7%

NASDAQ:ATRO traded down $0.55 during mid-day trading on Tuesday, reaching $74.91. The company’s stock had a trading volume of 773,300 shares, compared to its average volume of 754,711. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 2.07. Astronics has a 1 year low of $25.87 and a 1 year high of $88.72. The stock has a fifty day moving average of $74.00 and a 200-day moving average of $66.70. The firm has a market capitalization of $3.22 billion, a PE ratio of 76.18 and a beta of 1.15.

Analysts Set New Price Targets

ATRO has been the topic of a number of recent analyst reports. Truist Financial raised shares of Astronics to a “strong-buy” rating in a research report on Monday, May 4th. Wall Street Zen lowered Astronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded shares of Astronics from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. TD Cowen raised their price target on shares of Astronics from $70.83 to $83.33 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Astronics in a report on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $74.17.

Institutional Investors Weigh In On Astronics

Several large investors have recently modified their holdings of ATRO. SkyView Investment Advisors LLC purchased a new stake in shares of Astronics during the 4th quarter worth $217,000. Fortress Private Ledger LLC purchased a new position in Astronics in the fourth quarter valued at about $210,000. Tower Research Capital LLC TRC raised its holdings in Astronics by 366.2% in the second quarter. Tower Research Capital LLC TRC now owns 5,175 shares of the aerospace company’s stock worth $173,000 after purchasing an additional 4,065 shares in the last quarter. Lazard Asset Management LLC bought a new position in Astronics in the second quarter worth about $161,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Astronics by 1,108.5% during the second quarter. Russell Investments Group Ltd. now owns 4,568 shares of the aerospace company’s stock valued at $153,000 after buying an additional 4,190 shares during the last quarter. Institutional investors own 56.68% of the company’s stock.

About Astronics

Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.