Astronics (ATRO) Set to Announce Quarterly Earnings on Monday

Astronics (NASDAQ:ATRO) will be issuing its quarterly earnings data after the market closes on Monday, February 26th. Analysts expect the company to announce earnings of $0.44 per share for the quarter.

Astronics (NASDAQ:ATRO) opened at $40.73 on Friday. The company has a quick ratio of 1.57, a current ratio of 3.07 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1,130.00, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 2.07 and a beta of 1.58. Astronics has a twelve month low of $23.95 and a twelve month high of $49.45.

Astronics declared that its Board of Directors has authorized a stock buyback plan on Monday, December 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

In other news, CEO Peter J. Gundermann sold 2,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $38.99, for a total transaction of $77,980.00. Following the completion of the sale, the chief executive officer now directly owns 29,595 shares of the company’s stock, valued at approximately $1,153,909.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 8,000 shares of company stock valued at $336,900 over the last three months. Corporate insiders own 16.45% of the company’s stock.

ATRO has been the subject of several analyst reports. Zacks Investment Research upgraded Astronics from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, January 2nd. BidaskClub upgraded Astronics from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. SunTrust Banks reiterated a “hold” rating and issued a $44.00 price target on shares of Astronics in a report on Tuesday, January 9th. Dougherty & Co boosted their price target on Astronics from $40.00 to $45.00 and gave the company a “buy” rating in a report on Monday, December 4th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $40.00 price target on shares of Astronics in a report on Tuesday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $46.25.

COPYRIGHT VIOLATION NOTICE: “Astronics (ATRO) Set to Announce Quarterly Earnings on Monday” was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at

Astronics Company Profile

Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.

Earnings History for Astronics (NASDAQ:ATRO)

Receive News & Ratings for Astronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astronics and related companies with's FREE daily email newsletter.

Leave a Reply