Astronics (ATRO) Set to Announce Earnings on Thursday

Astronics (NASDAQ:ATRO) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Astronics to post earnings of $0.05 per share for the quarter. Astronics has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Astronics (NASDAQ:ATRO) last posted its quarterly earnings data on Wednesday, February 28th. The aerospace company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The business had revenue of $195.29 million for the quarter, compared to analyst estimates of $188.35 million. Astronics had a negative return on equity of 6.53% and a negative net margin of 3.83%. On average, analysts expect Astronics to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Astronics Stock Performance

Shares of Astronics stock remained flat at $16.66 during trading on Tuesday. The stock had a trading volume of 7,431 shares, compared to its average volume of 125,346. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.38 and a current ratio of 2.72. The stock has a 50 day moving average price of $17.87 and a two-hundred day moving average price of $16.88. Astronics has a twelve month low of $14.06 and a twelve month high of $22.44.

Insider Buying and Selling

In other Astronics news, EVP Michael C. Kuehn sold 7,074 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $17.72, for a total value of $125,351.28. Following the sale, the executive vice president now directly owns 12,875 shares in the company, valued at $228,145. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Astronics news, EVP Michael C. Kuehn sold 7,074 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $17.72, for a total transaction of $125,351.28. Following the sale, the executive vice president now directly owns 12,875 shares of the company’s stock, valued at $228,145. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael C. Kuehn sold 2,209 shares of Astronics stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $20.16, for a total transaction of $44,533.44. Following the completion of the transaction, the executive vice president now owns 14,248 shares of the company’s stock, valued at approximately $287,239.68. The disclosure for this sale can be found here. 10.83% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com upgraded Astronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Truist Financial lifted their target price on Astronics from $18.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, March 1st.

About Astronics

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.