Astronics (ATRO) Scheduled to Post Quarterly Earnings on Wednesday

Astronics (NASDAQ:ATRO - Get Free Report) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Astronics to post earnings of $0.18 per share for the quarter. Astronics has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Astronics (NASDAQ:ATRO - Get Free Report) last posted its earnings results on Thursday, August 1st. The aerospace company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). The firm had revenue of $198.11 million during the quarter, compared to analyst estimates of $191.19 million. Astronics had a negative net margin of 1.57% and a negative return on equity of 0.31%. During the same period last year, the company posted ($0.37) EPS. On average, analysts expect Astronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Astronics Price Performance

Astronics stock traded up $0.12 during trading hours on Wednesday, hitting $18.53. The stock had a trading volume of 24,740 shares, compared to its average volume of 142,322. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.92 and a quick ratio of 1.50. The stock has a market capitalization of $645.62 million, a price-to-earnings ratio of -24.18 and a beta of 1.82. Astronics has a 1-year low of $14.11 and a 1-year high of $23.74. The stock's fifty day moving average is $19.89 and its two-hundred day moving average is $19.66.

Analyst Ratings Changes

Separately, Truist Financial decreased their price objective on Astronics from $22.00 to $20.00 and set a "hold" rating on the stock in a research note on Friday, October 18th.

About Astronics

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