Astronics (ATRO) Set to Announce Quarterly Earnings on Wednesday

Astronics (NASDAQ:ATRO - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce 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.Parties interested in listening to the company's conference call can do so using this link.

Astronics (NASDAQ:ATRO - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.13). Astronics had a negative net margin of 1.57% and a negative return on equity of 0.31%. The business had revenue of $198.11 million for the quarter, compared to analysts' expectations of $191.19 million. During the same quarter in the prior year, the firm earned ($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 Trading Down 0.4 %

NASDAQ:ATRO traded down $0.08 during mid-day trading on Wednesday, reaching $18.33. 98,129 shares of the company's stock traded hands, compared to its average volume of 142,677. Astronics has a 12-month low of $14.11 and a 12-month high of $23.74. The firm has a market capitalization of $638.65 million, a price-to-earnings ratio of -23.81 and a beta of 1.82. 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 company has a 50 day moving average price of $19.89 and a 200-day moving average price of $19.66.

Analysts Set New Price Targets

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

Astronics Company Profile

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.