Wall Street analysts expect that Astronics Co. (NASDAQ:ATRO) will report $189.38 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Astronics’ earnings, with estimates ranging from $188.00 million to $190.76 million. Astronics reported sales of $208.61 million during the same quarter last year, which indicates a negative year over year growth rate of 9.2%. The company is scheduled to report its next earnings results on Friday, August 2nd.

On average, analysts expect that Astronics will report full-year sales of $786.73 million for the current year, with estimates ranging from $776.25 million to $797.20 million. For the next financial year, analysts expect that the business will report sales of $823.54 million, with estimates ranging from $808.58 million to $838.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Astronics.

Astronics (NASDAQ:ATRO) last issued its earnings results on Wednesday, May 8th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. Astronics had a return on equity of 15.16% and a net margin of 14.61%. The firm had revenue of $208.20 million for the quarter, compared to analysts’ expectations of $192.10 million. During the same quarter last year, the business earned $0.11 earnings per share. The company’s revenue was up 16.2% compared to the same quarter last year.

A number of equities analysts have issued reports on ATRO shares. Seaport Global Securities assumed coverage on Astronics in a report on Wednesday, May 1st. They set a “buy” rating and a $42.00 target price on the stock. ValuEngine raised Astronics from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. BidaskClub raised Astronics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, Zacks Investment Research lowered Astronics from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $41.67.

In other news, VP Mark Peabody sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $43.78, for a total transaction of $87,560.00. Following the sale, the vice president now owns 18,761 shares of the company’s stock, valued at $821,356.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 15.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATRO. BlackRock Inc. boosted its position in shares of Astronics by 16.9% in the 4th quarter. BlackRock Inc. now owns 2,941,886 shares of the aerospace company’s stock worth $89,581,000 after purchasing an additional 425,325 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Astronics by 10.4% in the 1st quarter. Wellington Management Group LLP now owns 1,667,232 shares of the aerospace company’s stock worth $54,552,000 after purchasing an additional 157,320 shares in the last quarter. International Value Advisers LLC boosted its position in shares of Astronics by 7.7% in the 1st quarter. International Value Advisers LLC now owns 1,601,134 shares of the aerospace company’s stock worth $52,389,000 after purchasing an additional 115,105 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Astronics by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,107,492 shares of the aerospace company’s stock worth $36,236,000 after purchasing an additional 60,541 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its position in shares of Astronics by 14.6% in the 1st quarter. Federated Investors Inc. PA now owns 635,859 shares of the aerospace company’s stock worth $20,805,000 after purchasing an additional 81,109 shares in the last quarter. 64.92% of the stock is currently owned by institutional investors.

Shares of ATRO opened at $42.94 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 1.50 and a debt-to-equity ratio of 0.25. Astronics has a 1 year low of $27.56 and a 1 year high of $46.56. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 30.45, a P/E/G ratio of 2.23 and a beta of 1.43.

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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Earnings History and Estimates for Astronics (NASDAQ:ATRO)

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