Astronics (ATRO) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Astronics in the last twelve months. 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.
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1 brokers have issued 12 month price targets for Astronics' stock. Their ATRO share price forecasts range from $15.00 to $15.00. On average, they predict the company's share price to reach $15.00 in the next year. This suggests that the stock has a possible downside of 11.5%.
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Astronics' stock was trading at $10.30 at the beginning of 2023. Since then, ATRO stock has increased by 64.5% and is now trading at $16.94.
View the best growth stocks for 2023 here.

Astronics saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 298,800 shares, a decline of 22.6% from the April 30th total of 386,100 shares. Based on an average daily trading volume, of 163,900 shares, the days-to-cover ratio is currently 1.8 days.
View Astronics' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our ATRO earnings forecast.

Astronics Co. (NASDAQ:ATRO) issued its quarterly earnings data on Monday, November, 8th. The aerospace company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by $0.07. The aerospace company earned $111.84 million during the quarter, compared to analyst estimates of $112.60 million. Astronics had a negative trailing twelve-month return on equity of 15.34% and a negative net margin of 6.44%. During the same quarter last year, the firm posted ($0.17) earnings per share.

ETFs with the largest weight of Astronics (NASDAQ:ATRO) stock in their portfolio include Invesco Nasdaq Future Gen 200 ETF (QQQS), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC),

Astronics updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $165.00 million-$175.00 million, compared to the consensus revenue estimate of $157.52 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 number of institutional and retail investors. Top institutional shareholders include Next Century Growth Investors LLC (7.29%), BlackRock Inc. (5.49%), ACK Asset Management LLC (3.93%), Royce & Associates LP (3.29%), Dimensional Fund Advisors LP (2.96%) and Bares Capital Management Inc. (2.83%). Insiders that own company stock include Nancy L Hedges and Warren C Johnson.
View institutional ownership trends.

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 $16.94.

Astronics (NASDAQ:ATRO) has a market capitalization of $549.87 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 ($1.15) 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.