Astronics Stock Price, News & Analysis (NASDAQ:ATRO)

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

Astronics announced that its Board of Directors has approved a stock buyback program on Monday, December 18th 2017, which authorizes the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Astronics Co. (NASDAQ:ATRO) announced its earnings results on Monday, August, 5th. The aerospace company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.35 by $0.16. The aerospace company had revenue of $189.10 million for the quarter, compared to analyst estimates of $188.80 million. Astronics had a return on equity of 12.24% and a net margin of 14.07%. Astronics's revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. View Astronics' Earnings History.

Astronics is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Astronics.

Astronics updated its FY 2019 earnings guidance on Monday, August, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $740-775 million.

4 equities research analysts have issued 1-year target prices for Astronics' stock. Their forecasts range from $26.00 to $42.00. On average, they expect Astronics' share price to reach $36.50 in the next twelve months. This suggests a possible upside of 19.1% from the stock's current price. View Analyst Price Targets for Astronics.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Astronics in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Astronics.

Media stories about ATRO stock have trended somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Astronics earned a media sentiment score of -1.3 on InfoTrie's scale. They also assigned news coverage about the aerospace company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Astronics.

Astronics saw a increase in short interest in August. As of August 31st, there was short interest totalling 473,400 shares, an increase of 17.7% from the July 31st total of 402,300 shares. Based on an average daily trading volume, of 336,300 shares, the days-to-cover ratio is currently 1.4 days. Currently, 2.0% of the company's stock are sold short. View Astronics' Current Options Chain.

Some companies that are related to Astronics include TransDigm Group (TDG), Rockwell Collins (COL), Spirit AeroSystems (SPR), Elbit Systems (ESLT), Nabtesco (NCTKF), Senior (SNIRF) and Ducommun (DCO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Astronics investors own include Skyworks Solutions (SWKS), Weyerhaeuser (WY), Ctrip.Com International (CTRP), Baidu (BIDU), Cisco Systems (CSCO), Twilio (TWLO), AeroVironment (AVAV), Broadcom (AVGO), BioMarin Pharmaceutical (BMRN) and Inovio Pharmaceuticals (INO).

Astronics' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.06%), Vanguard Group Inc. (5.41%), International Value Advisers LLC (4.55%), Royal Bank of Canada (2.39%), Bank of New York Mellon Corp (1.68%) and Nuveen Asset Management LLC (1.12%). Company insiders that own Astronics stock include David C Burney, James S Kramer, Mark Peabody, Nancy L Hedges, Peter J Gundermann and Robert J Mckenna. View Institutional Ownership Trends for Astronics.

ATRO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., International Value Advisers LLC, Royal Bank of Canada, Victory Capital Management Inc., Mondrian Investment Partners LTD, SG Americas Securities LLC, Paloma Partners Management Co and Bank of America Corp DE. Company insiders that have sold Astronics company stock in the last year include David C Burney, James S Kramer and Mark Peabody. View Insider Buying and Selling for Astronics.

ATRO stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, UBS Group AG, Morgan Stanley, Prudential Financial Inc., Vanguard Group Inc., AQR Capital Management LLC, Renaissance Technologies LLC and Scout Investments Inc.. View Insider Buying and Selling for Astronics.

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

One share of ATRO stock can currently be purchased for approximately $30.64.

Astronics has a market capitalization of $1.00 billion and generates $803.26 million in revenue each year. The aerospace company earns $46.80 million in net income (profit) each year or $1.41 on an earnings per share basis. Astronics employs 2,700 workers across the globe.View Additional Information About Astronics.

The official website for Astronics is http://www.astronics.com/.

Astronics' mailing address is 130 COMMERCE WAY, EAST AURORA NY, 14052. The aerospace company can be reached via phone at 716-805-1599 or via email at [email protected]