Astronics (OTCMKTS:ATROB) Announces Earnings Results

Astronics (OTCMKTS:ATROB) announced its quarterly earnings results on Tuesday. The aerospace company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03, Zacks reports. Astronics had a return on equity of 48.50% and a net margin of 5.12%.The firm had revenue of $230.62 million for the quarter, compared to analysts’ expectations of $225.52 million.

Astronics Stock Performance

Shares of OTCMKTS:ATROB opened at $80.00 on Thursday. The business’s fifty day moving average price is $69.94 and its two-hundred day moving average price is $64.58. Astronics has a fifty-two week low of $27.48 and a fifty-two week high of $83.00. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 67.80 and a beta of 1.04. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.10 and a quick ratio of 1.71.

About Astronics

Astronics Corporation is a global provider of advanced technology solutions to the aerospace, defense and other high-reliability industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through both organic innovation and targeted acquisitions. Astronics delivers mission-critical products that enhance aircraft safety, passenger comfort and operational efficiency for major airframers, airlines and defense contractors worldwide.

The company’s product portfolio spans several key areas, including electrical power generation and management systems, LED cabin lighting and safety systems, connectivity and data solutions, and automated test equipment.