News coverage about Astronics (NASDAQ:ATRO) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Astronics earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 45.8767918216304 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Astronics (NASDAQ ATRO) traded up $0.19 during trading hours on Friday, hitting $39.09. The company had a trading volume of 84,200 shares, compared to its average volume of 134,837. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.07 and a quick ratio of 1.57. Astronics has a 12-month low of $23.95 and a 12-month high of $49.45. The stock has a market capitalization of $1,089.24, a PE ratio of 33.13, a P/E/G ratio of 1.95 and a beta of 1.16.

Astronics (NASDAQ:ATRO) last released its earnings results on Tuesday, November 7th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.14). Astronics had a return on equity of 10.29% and a net margin of 5.80%. The business had revenue of $149.64 million for the quarter, compared to analysts’ expectations of $154.90 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. research analysts predict that Astronics will post 1.28 EPS for the current year.

Astronics announced that its board has initiated a stock repurchase program on Monday, December 18th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

A number of brokerages have commented on ATRO. BidaskClub cut Astronics from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research cut Astronics from a “buy” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks restated a “hold” rating and issued a $48.00 price target on shares of Astronics in a research report on Friday, January 19th. Canaccord Genuity restated a “buy” rating and issued a $46.00 price target on shares of Astronics in a research report on Tuesday, December 12th. Finally, Dougherty & Co upped their price target on Astronics from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, December 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Astronics currently has an average rating of “Hold” and an average price target of $46.25.

In related news, CEO Peter J. Gundermann sold 2,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $43.48, for a total transaction of $86,960.00. Following the completion of the sale, the chief executive officer now owns 31,595 shares in the company, valued at $1,373,750.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Mckenna sold 45,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total value of $1,755,000.00. The disclosure for this sale can be found here. Company insiders own 16.45% of the company’s stock.

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About Astronics

Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.

Insider Buying and Selling by Quarter for Astronics (NASDAQ:ATRO)

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