Astronics (NASDAQ:ATRO) Issues Quarterly Earnings Results

Astronics (NASDAQ:ATRO) posted its earnings results on Tuesday. The aerospace company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.21 by $0.27, Zacks reports. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%.

Astronics Price Performance

ATRO remained flat at $19.96 during trading hours on Tuesday. The company had a trading volume of 575,612 shares, compared to its average volume of 291,860. Astronics has a 12-month low of $14.13 and a 12-month high of $23.74. The business has a fifty day moving average of $17.59 and a 200-day moving average of $18.22. The stock has a market cap of $703.83 million, a PE ratio of -105.05 and a beta of 1.79. The company has a current ratio of 2.83, a quick ratio of 1.46 and a debt-to-equity ratio of 0.72.

Wall Street Analyst Weigh In

ATRO has been the subject of a number of recent analyst reports. StockNews.com cut shares of Astronics from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Truist Financial decreased their target price on shares of Astronics from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th.

Astronics Company Profile

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.