Astronics Co. (NASDAQ:ATRO) – Investment analysts at Dougherty & Co issued their Q3 2018 earnings per share estimates for shares of Astronics in a report released on Thursday, October 11th. Dougherty & Co analyst R. Ryan expects that the aerospace company will post earnings per share of $0.48 for the quarter. Dougherty & Co also issued estimates for Astronics’ FY2018 earnings at $1.41 EPS and FY2019 earnings at $1.68 EPS.
A number of other equities analysts also recently weighed in on the stock. BidaskClub downgraded shares of Astronics from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Zacks Investment Research raised shares of Astronics from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Canaccord Genuity reaffirmed a “hold” rating and set a $41.00 price target on shares of Astronics in a research note on Friday, August 3rd. Finally, ValuEngine raised shares of Astronics from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Astronics currently has an average rating of “Hold” and a consensus target price of $43.00.
NASDAQ:ATRO opened at $32.08 on Monday. The company has a current ratio of 3.05, a quick ratio of 1.68 and a debt-to-equity ratio of 0.75. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 2.73 and a beta of 1.92. Astronics has a fifty-two week low of $30.71 and a fifty-two week high of $49.45.
Astronics (NASDAQ:ATRO) last posted its quarterly earnings results on Friday, August 3rd. The aerospace company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.09. The company had revenue of $208.60 million for the quarter, compared to the consensus estimate of $195.91 million. Astronics had a net margin of 2.50% and a return on equity of 10.28%. Astronics’s revenue was up 38.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share.
Several institutional investors have recently added to or reduced their stakes in ATRO. BlackRock Inc. increased its position in shares of Astronics by 6.2% in the second quarter. BlackRock Inc. now owns 2,616,726 shares of the aerospace company’s stock worth $94,122,000 after acquiring an additional 153,154 shares in the last quarter. Federated Investors Inc. PA acquired a new stake in shares of Astronics in the second quarter worth $5,172,000. Tealwood Asset Management Inc. acquired a new stake in shares of Astronics in the second quarter worth $2,131,000. Paradice Investment Management LLC increased its position in shares of Astronics by 7.8% in the second quarter. Paradice Investment Management LLC now owns 638,225 shares of the aerospace company’s stock worth $22,957,000 after acquiring an additional 46,233 shares in the last quarter. Finally, United Services Automobile Association increased its position in shares of Astronics by 58.0% in the second quarter. United Services Automobile Association now owns 115,558 shares of the aerospace company’s stock worth $4,157,000 after acquiring an additional 42,410 shares in the last quarter. 71.13% of the stock is owned by institutional investors.
In other news, CEO Peter J. Gundermann sold 47,322 shares of the stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $45.00, for a total value of $2,129,490.00. Following the completion of the sale, the chief executive officer now owns 54,743 shares of the company’s stock, valued at $2,463,435. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James S. Kramer sold 11,800 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $46.02, for a total transaction of $543,036.00. Following the completion of the sale, the insider now directly owns 42,003 shares of the company’s stock, valued at approximately $1,932,978.06. The disclosure for this sale can be found here. Company insiders own 16.57% of the company’s stock.
Astronics Company Profile
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, electronics, and semiconductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems; electrical power generation, distribution, and motions systems; aircraft structures; avionics products; system certification; and connectivity and other products.
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