Astronics (NASDAQ:ATRO) Sets New 12-Month High Following Earnings Beat

Astronics Corporation (NASDAQ:ATRO) shares reached a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $91.89 and last traded at $90.5330, with a volume of 318125 shares changing hands. The stock had previously closed at $74.91.

The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.11. Astronics had a net margin of 5.12% and a return on equity of 49.34%. The business had revenue of $259.96 million during the quarter, compared to analysts’ expectations of $245.30 million. The firm’s revenue for the quarter was up 46.9% compared to the same quarter last year.

More Astronics News

Here are the key news stories impacting Astronics this week:

• Positive Sentiment: Results exceeded expectations: Astronics reported approximately $260.0 million in revenue, up 27% year over year and above consensus estimates. Quarterly EPS was $0.70, compared with the $0.59 analyst expectation and $0.32 a year earlier. Astronics Corporation Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Profitability and aerospace demand strengthened: Operating income reached a record $40.5 million, while aerospace sales climbed to a record $237.3 million with a 20.3% operating margin. Net income rose sharply from $1.3 million to $35.1 million, according to company-reported figures. Astronics Reports Record Operating Income on 27 Percent Sales Growth
• Positive Sentiment: Backlog and bookings support future revenue: Record quarterly bookings of $306.2 million lifted backlog to $780.6 million, providing visibility into upcoming sales. Astronics Q2 Sales Rise 27 Percent
• Positive Sentiment: Revenue outlook increased: Management raised full-year 2026 revenue guidance to $1.02 billion-$1.04 billion, above the roughly $985 million consensus estimate. Third-quarter revenue guidance of $265 million-$275 million also exceeded expectations. Astronics Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Investor positioning data was mixed, with some institutions adding shares and others reducing holdings. Reported short-interest data showed zero shares, but that figure appears unreliable because of inconsistent reporting.
• Negative Sentiment: Astronics trades at a high reported price-to-earnings ratio of approximately 76, and its debt-to-equity ratio of 2.07 could amplify downside if aerospace demand or margins weaken.

Wall Street Analyst Weigh In

ATRO has been the subject of several research analyst reports. TD Cowen lifted their price objective on Astronics from $70.83 to $83.33 and gave the stock a “buy” rating in a report on Thursday, May 28th. Truist Financial raised shares of Astronics to a “strong-buy” rating in a report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Astronics in a research report on Friday, July 17th. Wall Street Zen cut Astronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research raised Astronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $74.17.

Institutional Investors Weigh In On Astronics

Hedge funds have recently modified their holdings of the business. Quarry LP increased its stake in Astronics by 33.6% during the fourth quarter. Quarry LP now owns 568 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 143 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Astronics by 19.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 188 shares during the period. Allworth Financial LP lifted its stake in shares of Astronics by 57.1% in the 4th quarter. Allworth Financial LP now owns 528 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. US Bancorp DE boosted its stake in Astronics by 41.0% during the third quarter. US Bancorp DE now owns 966 shares of the aerospace company’s stock worth $44,000 after buying an additional 281 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its position in Astronics by 24.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,525 shares of the aerospace company’s stock valued at $83,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 56.68% of the company’s stock.

Astronics Price Performance

The firm has a market cap of $3.83 billion, a P/E ratio of 90.97 and a beta of 1.15. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.63. The stock’s 50-day simple moving average is $74.07 and its two-hundred day simple moving average is $66.78.

Astronics Company Profile

Astronics Corporation (NASDAQ: ATRO) is a global leader in the design and manufacture of advanced technologies primarily for the aerospace, defense and semiconductor industries. Headquartered in East Aurora, New York, the company was founded in 1968 and has grown through a combination of internal development and strategic acquisitions. Astronics operates multiple business units focused on power conversion, distribution and control; cabin electronics and connectivity; aircraft lighting and safety solutions; and automated test systems.

The company’s aerospace products include onboard power generation and management systems, in-flight entertainment and connectivity hardware, LED and fluorescent lighting for aircraft cabins and cockpits, and safety equipment such as escape slide power units.