Wall Street analysts expect that Astronics Co. (NASDAQ:ATRO) will post $189.38 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Astronics’ earnings. The highest sales estimate is $190.76 million and the lowest is $188.00 million. Astronics reported sales of $208.61 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.2%. The company is expected to issue its next earnings results on Friday, August 2nd.

On average, analysts expect that Astronics will report full year sales of $786.73 million for the current financial year, with estimates ranging from $776.25 million to $797.20 million. For the next year, analysts anticipate that the business will report sales of $823.54 million, with estimates ranging from $808.58 million to $838.50 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Astronics.

Astronics (NASDAQ:ATRO) last posted its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. The company had revenue of $208.20 million during the quarter, compared to analysts’ expectations of $192.10 million. Astronics had a net margin of 14.61% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Astronics from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, March 20th. ValuEngine raised shares of Astronics from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Seaport Global Securities began coverage on shares of Astronics in a report on Wednesday, May 1st. They set a “buy” rating and a $42.00 price objective on the stock. Finally, BidaskClub raised shares of Astronics from a “hold” rating to a “buy” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $40.25.

In other news, VP Mark Peabody sold 2,000 shares of Astronics stock in a transaction on Friday, May 24th. The shares were sold at an average price of $41.43, for a total value of $82,860.00. Following the transaction, the vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $860,128.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.80% of the company’s stock.

A number of large investors have recently bought and sold shares of ATRO. BlackRock Inc. grew its position in Astronics by 16.9% in the 4th quarter. BlackRock Inc. now owns 2,941,886 shares of the aerospace company’s stock valued at $89,581,000 after buying an additional 425,325 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Astronics by 240.6% during the 4th quarter. Bank of New York Mellon Corp now owns 323,261 shares of the aerospace company’s stock worth $9,843,000 after purchasing an additional 228,363 shares in the last quarter. International Value Advisers LLC boosted its position in shares of Astronics by 7.7% during the 1st quarter. International Value Advisers LLC now owns 1,601,134 shares of the aerospace company’s stock worth $52,389,000 after purchasing an additional 115,105 shares in the last quarter. Millennium Management LLC boosted its position in shares of Astronics by 80.8% during the 4th quarter. Millennium Management LLC now owns 249,945 shares of the aerospace company’s stock worth $7,611,000 after purchasing an additional 111,735 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. purchased a new stake in shares of Astronics in the 1st quarter worth about $2,978,000. Hedge funds and other institutional investors own 64.92% of the company’s stock.

NASDAQ:ATRO traded down $0.74 during trading hours on Wednesday, reaching $38.75. 15,686 shares of the company were exchanged, compared to its average volume of 252,860. The stock has a 50-day moving average of $39.44. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 2.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.50 and a current ratio of 2.44. Astronics has a twelve month low of $27.56 and a twelve month high of $46.56.

Astronics Company Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.

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Earnings History and Estimates for Astronics (NASDAQ:ATRO)

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