Astronics (NASDAQ:ATRO – Get Free Report) had its target price reduced by investment analysts at Truist Financial from $22.00 to $20.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Truist Financial’s target price indicates a potential downside of 4.94% from the company’s previous close.
Astronics Price Performance
ATRO opened at $21.04 on Friday. The stock’s 50-day moving average price is $19.97 and its 200 day moving average price is $19.58. Astronics has a 12-month low of $14.11 and a 12-month high of $23.74. The company has a current ratio of 2.92, a quick ratio of 1.50 and a debt-to-equity ratio of 0.67. The firm has a market cap of $733.08 million, a price-to-earnings ratio of -27.32 and a beta of 1.82.
Astronics (NASDAQ:ATRO – Get Free Report) last posted its earnings results on Thursday, August 1st. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). Astronics had a negative return on equity of 0.31% and a negative net margin of 1.57%. The firm had revenue of $198.11 million for the quarter, compared to analyst estimates of $191.19 million. During the same period in the previous year, the company posted ($0.37) EPS. As a group, sell-side analysts expect that Astronics will post 0.36 earnings per share for the current year.
Hedge Funds Weigh In On Astronics
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.
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