Astronics (ATRO) Stock Price, News & Analysis

Company Overview

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. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial, military, and general aviation markets; suppliers to OEMs; and aircraft operators, such as airlines; suppliers to the aircraft operators; and branches of the U.S. Department of Defense. The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the aerospace and defense, and mass transit industries, as well as training and simulation devices for commercial and military applications. It serves OEMs and prime government contractors for electronics and military products. Astronics Corporation was incorporated in 1968 and is headquartered in East Aurora, New York.

Key Stats

• Today's Range: $15.57 to $16.18
• 50-Day Range: $15.66 to $21.04
• 52-Week Range: $14.13 to $23.74
• Volume: 315,398 shs
• Average Volume: 188,302 shs
• Market Capitalization: $560.31 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $20.00
• Consensus Rating: Hold

Astronics Stock Analysis - MarketRank™

Astronics scored higher than 62% of companies evaluated by MarketBeat, and ranked 28th out of 53 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Astronics has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Astronics has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 129.41%

Earnings Growth

Earnings for Astronics are expected to grow by 129.41% in the coming year, from $0.51 to $1.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Astronics is -83.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Astronics is -83.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Astronics has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.97% of the outstanding shares of Astronics have been sold short.

Short Interest Ratio / Days to Cover

Astronics has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Astronics has recently increased by 291.83%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Astronics does not currently pay a dividend.

Dividend Growth

Astronics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -4.39

Percentage of Shares Shorted

3.97% of the outstanding shares of Astronics have been sold short.

Short Interest Ratio / Days to Cover

Astronics has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Astronics has recently increased by 291.83%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Astronics this week, compared to 2 articles on an average week.

Search Interest

5 people have searched for ATRO on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

MarketBeat Follows

4 people have added Astronics to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Astronics insiders have not sold or bought any company stock.

Percentage Held by Insiders

10.86% of the stock of Astronics is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

56.68% of the stock of Astronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ATRO Stock Analysis - Frequently Asked Questions

How have ATRO shares performed this year?

Astronics' stock was trading at $17.42 at the start of the year. Since then, ATRO shares have decreased by 8.8% and is now trading at $15.89.
View the best growth stocks for 2024 here.

How were Astronics' earnings last quarter?

Astronics Co. (NASDAQ:ATRO) issued its quarterly earnings data on Thursday, August, 1st. The aerospace company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by $0.13. The aerospace company earned $198.11 million during the quarter, compared to analysts' expectations of $191.19 million. Astronics had a positive trailing twelve-month return on equity of 6.94% and a negative net margin of 0.82%.

Does Astronics have any subsidiaries?

Astronics subsidiaries include Diagnosys Test Systems, Freedom Communication Technologies, Telefonix, Custom Control Concepts, Armstrong Aerospace, PGA ELECTRONIC, AeroSat Corporation, and others.

Who are Astronics' major shareholders?

Astronics' top institutional investors include Royce & Associates LP (2.78%), State Street Corp (2.65%), Geode Capital Management LLC (1.98%) and Needham Investment Management LLC (0.77%). Insiders that own company stock include Warren C Johnson, Michael C Kuehn and Nancy L Hedges.
View institutional ownership trends.

How do I buy shares of Astronics?

Shares of ATRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Astronics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Astronics investors own include American Water Works (AWK), DiamondRock Hospitality (DRH), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Aerospace
• Industry: Aircraft parts & equipment, not elsewhere classified
• Sub-Industry: Aerospace & Defense
• Current Symbol: NASDAQ:ATRO
• CUSIP: 04643310
• CIK: 8063
• Web: www.astronics.com
• Phone: (716) 805-1599
• Fax: 716-655-0309
• Employees: 2,500
• Year Founded: 1968

Price Target and Rating

• Average Stock Price Target: $20.00
• High Stock Price Target: $20.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +25.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.19)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 31.16
• P/E Growth: N/A
• Net Income: $-26,420,000.00
• Net Margins: -0.82%
• Pretax Margin: -0.88%
• Return on Equity: 6.94%
• Return on Assets: 2.73%

Debt

• Debt-to-Equity Ratio: 0.72
• Current Ratio: 2.83
• Quick Ratio: 1.46

Sales & Book Value

• Annual Sales: $782.18 million
• Price / Sales: 0.72
• Cash Flow: $0.38 per share
• Price / Cash Flow: 41.31
• Book Value: $7.23 per share
• Price / Book: 2.20

Miscellaneous

• Outstanding Shares: 35,262,000
• Free Float: 31,433,000
• Market Cap: $560.31 million
• Optionable: Optionable
• Beta: 1.79