Astronics (NASDAQ:ATRO) Announces Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Astronics (NASDAQ:ATRO) issued its earnings results on Thursday. The aerospace company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.14), Yahoo Finance reports. The firm had revenue of $185.07 million during the quarter, compared to the consensus estimate of $172.74 million. Astronics had a negative return on equity of 6.53% and a negative net margin of 3.83%. During the same period last year, the business earned ($0.14) earnings per share.

Astronics Price Performance

Astronics stock traded up $1.15 during mid-day trading on Friday, hitting $18.37. 183,125 shares of the company were exchanged, compared to its average volume of 126,741. The company has a quick ratio of 1.38, a current ratio of 2.72 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average of $17.75 and a 200 day moving average of $16.92. Astronics has a 1-year low of $14.06 and a 1-year high of $22.44. The company has a market capitalization of $634.13 million, a PE ratio of -22.40 and a beta of 1.64.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Truist Financial reduced their target price on Astronics from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday. StockNews.com raised Astronics from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th.

Insiders Place Their Bets

In other Astronics news, EVP Michael C. Kuehn sold 7,074 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $17.72, for a total transaction of $125,351.28. Following the completion of the transaction, the executive vice president now directly owns 12,875 shares in the company, valued at $228,145. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael C. Kuehn sold 7,074 shares of the firm’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 completion of 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 filing with the SEC, which is accessible through this link. Also, EVP Michael C. Kuehn sold 2,209 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $20.16, for a total value of $44,533.44. Following the completion of the sale, the executive vice president now owns 14,248 shares of the company’s stock, valued at $287,239.68. The disclosure for this sale can be found here. Corporate insiders own 10.86% of the company’s stock.

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.