Astronics Co. Expected to Post FY2022 Earnings of $0.78 Per Share (NASDAQ:ATRO)


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Astronics Co. (NASDAQ:ATRO) – Investment analysts at Truist Securiti issued their FY2022 earnings estimates for shares of Astronics in a research report issued to clients and investors on Monday, January 11th. Truist Securiti analyst M. Ciarmoli expects that the aerospace company will post earnings of $0.78 per share for the year.

A number of other equities research analysts also recently commented on ATRO. ValuEngine downgraded shares of Astronics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 5th. Zacks Investment Research downgraded shares of Astronics from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 30th. Truist upgraded shares of Astronics from a “sell” rating to a “hold” rating and raised their price objective for the company from $6.00 to $14.00 in a research report on Tuesday, December 1st. BidaskClub raised shares of Astronics from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Finally, CJS Securities raised shares of Astronics from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a report on Friday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Astronics currently has an average rating of “Hold” and an average target price of $12.75.

Shares of NASDAQ:ATRO opened at $13.39 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 3.16 and a debt-to-equity ratio of 0.58. The company has a market cap of $412.43 million, a P/E ratio of -3.18 and a beta of 2.18. Astronics has a 52 week low of $6.30 and a 52 week high of $29.11. The company has a 50-day moving average price of $12.59 and a 200 day moving average price of $9.75.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings data on Wednesday, November 4th. The aerospace company reported ($0.17) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.17). The firm had revenue of $106.51 million during the quarter, compared to the consensus estimate of $96.53 million. Astronics had a negative net margin of 22.15% and a negative return on equity of 2.68%.

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC increased its stake in shares of Astronics by 87.9% during the 3rd quarter. Acadian Asset Management LLC now owns 387,083 shares of the aerospace company’s stock worth $2,988,000 after purchasing an additional 181,029 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Astronics by 59.8% during the second quarter. Jacobs Levy Equity Management Inc. now owns 480,850 shares of the aerospace company’s stock worth $5,078,000 after acquiring an additional 180,036 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Astronics by 73.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 346,953 shares of the aerospace company’s stock worth $2,678,000 after acquiring an additional 146,411 shares during the last quarter. Two Sigma Advisers LP boosted its position in Astronics by 83.8% during the second quarter. Two Sigma Advisers LP now owns 258,800 shares of the aerospace company’s stock worth $2,733,000 after acquiring an additional 118,000 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Astronics by 16.6% during the third quarter. Federated Hermes Inc. now owns 691,473 shares of the aerospace company’s stock worth $5,338,000 after acquiring an additional 98,608 shares during the last quarter. 57.77% of the stock is owned by institutional investors.

Astronics Company Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defence, and electronic industries in the United States, North America, Asia, Europe, South America, and internationally. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and motions systems, aircraft structures, avionics products, system certification, and other products.

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