Astronics (ATRO) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Astronics in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ATRO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ATRO, but not buy additional shares or sell existing shares.
View ATRO analyst ratings or view top-rated stocks.

1 analysts have issued 12-month target prices for Astronics' shares. Their ATRO share price forecasts range from $17.00 to $17.00. On average, they expect the company's stock price to reach $17.00 in the next year. This suggests a possible upside of 8.7% from the stock's current price.
View analysts price targets for ATRO or view top-rated stocks among Wall Street analysts.

Astronics' stock was trading at $10.30 at the beginning of 2023. Since then, ATRO stock has increased by 51.8% and is now trading at $15.64.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 21st 2023.
View our ATRO earnings forecast.

Astronics Co. (NASDAQ:ATRO) posted its quarterly earnings results on Thursday, August, 3rd. The aerospace company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.34. The aerospace company had revenue of $174.45 million for the quarter, compared to the consensus estimate of $172.33 million. Astronics had a negative trailing twelve-month return on equity of 16.08% and a negative net margin of 6.13%.

ETFs with the largest weight of Astronics (NASDAQ:ATRO) stock in their portfolio include Gabelli Commercial Aerospace & Defense ETF (GCAD) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).Invesco Nasdaq Future Gen 200 ETF (QQQS).

Astronics issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $640.00 million-$680.00 million, compared to the consensus revenue estimate of $674.23 million.

63 employees have rated Astronics Chief Executive Officer Peter J. Gundermann on Glassdoor.com. Peter J. Gundermann has an approval rating of 60% among the company's employees. This puts Peter J. Gundermann in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 71.0% of employees surveyed would recommend working at Astronics to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Astronics investors own include Skyworks Solutions (SWKS), Cisco Systems (CSCO), AbbVie (ABBV), AT&T (T), Verizon Communications (VZ), Weyerhaeuser (WY), Exxon Mobil (XOM), Broadcom (AVGO), Caterpillar (CAT) and Intuitive Surgical (ISRG).

Astronics trades on the NASDAQ under the ticker symbol "ATRO."

Astronics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.57%), ACK Asset Management LLC (4.38%), Royce & Associates LP (3.15%), Dimensional Fund Advisors LP (2.98%), Bares Capital Management Inc. (2.25%) and Schonfeld Strategic Advisors LLC (1.74%). Insiders that own company stock include Nancy L Hedges, Robert S Keane and Warren C Johnson.
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Shares of ATRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ATRO stock can currently be purchased for approximately $15.64.

Astronics (NASDAQ:ATRO) has a market capitalization of $508.93 million and generates $534.89 million in revenue each year. The aerospace company earns $-35,750,000.00 in net income (profit) each year or ($1.18) on an earnings per share basis.

The company employs 2,400 workers across the globe.

Astronics' mailing address is 130 COMMERCE WAY, EAST AURORA NY, 14052. The official website for the company is www.astronics.com. The aerospace company can be reached via phone at (716) 805-1599, via email at invest@astronics.com, or via fax at 716-655-0309.