Astronics (OTCMKTS:ATROB) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Astronics (OTCMKTS:ATROB) posted its quarterly earnings data on Tuesday. The aerospace company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09, Zacks reports. Astronics had a net margin of 8.40% and a return on equity of 67.69%.

Astronics Stock Up 4.6%

Shares of OTCMKTS ATROB traded up $2.71 during mid-day trading on Tuesday, hitting $61.20. The company had a trading volume of 4,732 shares, compared to its average volume of 28,122. The company has a market capitalization of $2.63 billion, a PE ratio of 36.00 and a beta of 1.33. The business’s 50-day simple moving average is $65.48 and its 200 day simple moving average is $77.90. Astronics has a 1-year low of $36.71 and a 1-year high of $94.28. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.97 and a quick ratio of 1.63.

Analysts Set New Price Targets

Separately, KeyCorp raised 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, Astronics presently has an average rating of “Hold”.

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.