Astronics (OTCMKTS:ATROB) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Astronics (OTCMKTS:ATROB) announced its earnings results on Tuesday. The aerospace company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09, Zacks reports. Astronics had a return on equity of 67.69% and a net margin of 8.40%.

Astronics Stock Up 4.6%

ATROB traded up $2.71 during midday trading on Tuesday, hitting $61.20. The company had a trading volume of 4,732 shares, compared to its average volume of 28,122. Astronics has a 52 week low of $36.71 and a 52 week high of $94.28. The company has a quick ratio of 1.63, a current ratio of 2.97 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 36.00 and a beta of 1.33. The stock’s 50 day moving average price is $65.48 and its 200 day moving average price is $77.90.

Analyst Upgrades and Downgrades

Separately, KeyCorp upgraded shares of Astronics to a “hold” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Astronics currently has an average rating of “Hold”.

Astronics Company Profile

Astronics Corporation develops and manufactures technologies for the aerospace, defense and other mission-critical markets. Its aerospace products include aircraft lighting and safety systems, electrical power generation and distribution equipment, cabin electronics, connectivity solutions and aircraft structures. The company also provides automated test systems and related equipment used by aerospace and defense organizations and other manufacturers. Astronics serves customers in North America and internationally, including commercial aviation, business aviation and military markets.