Astronics (NASDAQ:ATRO) Posts Quarterly Earnings Results

Astronics (NASDAQ:ATRO) released its earnings results on Tuesday. The aerospace company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09, FiscalAI reports. The company had revenue of $271.68 million for the quarter, compared to analyst estimates of $267.97 million. Astronics had a net margin of 14.21% and a return on equity of 73.50%. The firm’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same quarter last year, the firm earned $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 Trading Down 2.7%

NASDAQ:ATRO opened at $60.33 on Thursday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 19.86 and a beta of 1.37. Astronics has a 52 week low of $38.13 and a 52 week high of $94.46. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 1.57. The company has a fifty day moving average of $65.14 and a 200 day moving average of $67.44.

Wall Street Analysts Forecast Growth

ATRO has been the subject of several analyst reports. Zacks Research lowered shares of Astronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings downgraded Astronics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded Astronics from a “buy” rating to a “strong-buy” rating in a report on Sunday. TD Cowen lowered their target price on Astronics from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, KeyCorp initiated coverage on Astronics in a report on Thursday, October 22nd. They set a “sector weight” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.58.

Latest Astronics News

Investors following ATRO have been watching these news items:

• Positive Sentiment: Third-quarter sales reached a record $271.7 million, with sharply higher operating profit and earnings that exceeded analyst estimates. Aerospace and Test Systems sales both grew, while the company generated positive operating cash flow and reduced long-term debt. Astronics posts record third-quarter sales and earnings
• Negative Sentiment: Fourth-quarter revenue guidance of $255 million–$275 million came in below the roughly $274 million analyst consensus at its midpoint. Investors may also be concerned about supply-chain and scheduling constraints that could delay deliveries and temper near-term growth. Soft Q4 guidance overshadows full-year outlook
• Negative Sentiment: TD Cowen lowered its price target to $80 from $90, although it maintained a Buy rating. The reduction adds to caution following the outlook, even as the new target remains above the referenced share price. TD Cowen stock recommendations

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.