NASDAQ:ATRO

Astronics - ATRO Stock Forecast, Price & News

$11.52

+0.35 (+3.13%)

(As of 08/9/2022 12:00 AM ET)

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Today's Range: $11.01
▼
$11.71
50-Day Range: $9.75
▼
$11.68
52-Week Range: $9.24
▼
$14.95

Volume: 74,518 shs
Average Volume: 132,532 shs
Market Capitalization: $367.37 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.50

Astronics MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 25.9% Upside
$14.50 Price Target
Short Interest: Healthy
1.35% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.47
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.44) to $0.52 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Aerospace Sector

16th out of 42 stocks

Aircraft Parts & Equipment, Not Elsewhere Classified Industry

2nd out of 5 stocks

3.3

Analyst's Opinion

Consensus Rating
Astronics has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.50, Astronics has a forecasted upside of 25.9% from its current price of $11.52.
Amount of Analyst Coverage
Astronics has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.35% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Astronics has recently increased by 1.38%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Astronics does not currently pay a dividend.
Dividend Growth
Astronics does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ATRO.

2.5

News and Social Media Coverage

News Sentiment
Astronics has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.26 average news sentiment score of Aerospace companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Astronics this week, compared to 2 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Astronics insiders have not sold or bought any company stock.
Percentage Held by Insiders
10.37% 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
66.13% of the stock of Astronics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Astronics are expected to grow in the coming year, from ($0.44) to $0.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Astronics is -21.33, 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 -21.33, 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 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Astronics (NASDAQ:ATRO) Stock

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. It 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 communications and mass transit industries; and provides wireless communication testing for the civil land mobile radio market, as well as training and simulation devices for commercial and military applications. It serves OEMs and prime government contractors for electronics and military products. The company was incorporated in 1968 and is headquartered in East Aurora, New York.

Analyst Ratings Changes

Separately, Truist Financial decreased their target price on Astronics from $12.00 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, July 19th.

Astronics Stock Up 3.8 %

ATRO Stock traded up $0.42 during mid-day trading on Tuesday, reaching $11.59. 1,173 shares of the company traded hands, compared to its average volume of 54,224. The company has a quick ratio of 1.32, a current ratio of 2.69 and a debt-to-equity ratio of 0.53. The firm's 50 day moving average price is $10.66 and its 200 day moving average price is $11.57. The stock has a market cap of $369.61 million, a price-to-earnings ratio of -20.69 and a beta of 1.69. Astronics has a fifty-two week low of $9.24 and a fifty-two week high of $15.44.

Astronics (NASDAQ:ATRO - Get Rating) last announced its earnings results on Friday, May 6th. The aerospace company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.16). Astronics had a negative net margin of 3.68% and a negative return on equity of 14.30%. The company had revenue of $116.18 million for the quarter, compared to analysts' expectations of $117.52 million. During the same period in the previous year, the firm earned ($0.39) EPS. As a group, equities research analysts predict that Astronics will post -0.44 EPS for the current fiscal year.

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ATRO Stock News Headlines

August 9, 2022 | nasdaq.com

What Does Astronics Corporation's (NASDAQ:ATRO) Share Price Indicate? - Nasdaq

August 4, 2022 | nasdaq.com

Huntington Ingalls (HII) Q2 Earnings and Revenues Beat Estimates - Nasdaq

August 3, 2022 | streetinsider.com

Astronics Corporation Announces Second Quarter 2022 Financial Results Conference Call and Webcast - StreetInsider.com

August 2, 2022 | finance.yahoo.com

Astronics Corporation Announces Second Quarter 2022 Financial Results Conference Call and Webcast

July 29, 2022 | nasdaq.com

Will Astronics Corporation (ATRO) Report Negative Q2 Earnings? What You Should Know - Nasdaq

July 29, 2022 | finance.yahoo.com

Will Astronics Corporation (ATRO) Report Negative Q2 Earnings? What You Should Know

July 20, 2022 | americanbankingnews.com

Astronics (NASDAQ:ATRO) Price Target Cut to $10.00 by Analysts at Truist Financial

July 19, 2022 | stocknews.com

Is Boeing Stock a Buy or Sell at $150?

July 7, 2022 | businesswire.com

Global Aircraft Lighting Market Report (2022 to 2027) - Players Include Aircraft Lighting International, Astronics, Aveo Engineering and Cobham Aerospace - ResearchAndMarkets.com - Business Wire

June 29, 2022 | finance.yahoo.com

Astronics Selected for Lilium Jet’s Electrical Power Distribution System - Yahoo Finance

June 29, 2022 | finance.yahoo.com

Astronics Selected for Lilium Jet’s Electrical Power Distribution System

June 24, 2022 | seekingalpha.com

Further downside likely for defense stocks as rates keep rising, Truist says (NYSE:SPCE) - Seeking Alpha

June 24, 2022 | globenewswire.com

With 9.76% CAGR, In-Flight Entertainment & Connectivity Market to Hit $7.68 Billion by 2027 | Fortune Business Insights - GlobeNewswire

June 23, 2022 | finance.yahoo.com

With 9.76% CAGR, In-Flight Entertainment & Connectivity Market to Hit $7.68 Billion by 2027 | Fortune Business Insights™ - Yahoo Finance

June 10, 2022 | bizjournals.com

Top issues for Florida's Orange County include transportation and affordable housing in the Orlando area, said Mayor Jerry Demings - Orlando Business Journal - The Business Journals

June 8, 2022 | finance.yahoo.com

Southwest Picks Astronics To Provide Latest Generation Of In-Seat Power System

June 8, 2022 | finance.yahoo.com

Astronics Awarded Contract by Southwest Airlines to Provide Latest Generation of In-Seat Power - Yahoo Finance

June 8, 2022 | finance.yahoo.com

Astronics Awarded Contract by Southwest Airlines to Provide Latest Generation of In-Seat Power

May 20, 2022 | businesswire.com

Global Aircraft Cabin Interiors Market Trajectory & Analytics Report 2022-2027: Progressive Growth in the Commercial Aviation Sector Creates Fertile Environment - ResearchAndMarkets.com - Business Wire

May 12, 2022 | finance.yahoo.com

Investors in Astronics (NASDAQ:ATRO) have unfortunately lost 75% over the last three years

May 8, 2022 | businesswire.com

Astronics Corporation Reports 2022 First Quarter Financial Results - Business Wire

May 7, 2022 | fool.com

Astronics (ATRO) Q1 2022 Earnings Call Transcript - The Motley Fool

May 6, 2022 | finance.yahoo.com

Astronics Corporation Reports 2022 First Quarter Financial Results - Yahoo Finance

May 6, 2022 | finance.yahoo.com

Astronics (ATRO) Q1 2022 Earnings Call Transcript

May 6, 2022 | finance.yahoo.com

Astronics Corporation (ATRO) Reports Q1 Loss, Lags Revenue Estimates

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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ATRO Company Calendar

Last Earnings: 11/08/2021
Today: 8/09/2022
Next Earnings (Confirmed): 8/10/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Aircraft parts & equipment, not elsewhere classified
Sub-Industry: Aerospace & Defense
Sector: Aerospace
Current Symbol: NASDAQ:ATRO
CUSIP: 04643310
CIK: 8063
Web: www.astronics.com
Phone: (716) 805-1599
Fax: 716-655-0309
Employees: 2,100
Year Founded: 1968

Price Target and Rating

Average Stock Price Forecast: $14.50
High Stock Price Forecast: $19.00
Low Stock Price Forecast: $10.00
Forecasted Upside/Downside: +25.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.54)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-25,580,000.00
Net Margins: -3.68%
Pretax Margin: -2.23%
Return on Equity: -14.30%
Return on Assets: -5.99%

Debt

Debt-to-Equity Ratio: 0.53
Current Ratio: 2.69
Quick Ratio: 1.32

Sales & Book Value

Annual Sales: $444.91 million
Price / Sales: 0.83
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $7.27 per share
Price / Book: 1.58

Miscellaneous

Outstanding Shares: 31,890,000
Free Float: 28,583,000
Market Cap: $367.37 million
Optionable: Not Optionable
Beta: 1.69

Social Links

Key Executives

Mr. Peter J. Gundermann (Age 59)
Chairman, CEO & Pres
Comp: $635.13k
Mr. David C. Burney (Age 59)
Exec. VP of Fin., CFO & Treasurer
Comp: $396k
Mr. James S. Kramer (Age 58)
Exec. VP & Pres of Luminescent Systems Inc.
Comp: $323.82k
Mr. Mark A. Peabody (Age 63)
Exec. VP & Pres of Astronics Advanced Electronic Systems
Comp: $497k
Mr. James F. Mulato (Age 61)
Exec. VP & Pres of Astronics Test Systems, Inc.
Comp: $381.07k
Mr. Michael C. Kuehn (Age 61)
EVP, Pres of Astronics Connectivity Systems & Certification Corp. and Armstrong Aerospace, Inc.
Comp: $381.27k
Ms. Nancy L. Hedges (Age 48)
Corp. Controller & Principal Accounting Officer
Ms. Julie M. Davis
Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ATRO Stock - Frequently Asked Questions

Should I buy or sell Astronics stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Astronics in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ATRO shares.
View ATRO analyst ratings or view top-rated stocks.
What is Astronics' stock price forecast for 2022?: 2 brokers have issued 12 month target prices for Astronics' shares. Their ATRO share price forecasts range from $10.00 to $19.00. On average, they predict the company's share price to reach $14.50 in the next twelve months. This suggests a possible upside of 25.9% from the stock's current price.
View analysts price targets for ATRO or view top-rated stocks among Wall Street analysts.
How has Astronics' stock performed in 2022?: Astronics' stock was trading at $12.00 at the beginning of the year. Since then, ATRO stock has decreased by 4.0% and is now trading at $11.52.
View the best growth stocks for 2022 here.
When is Astronics' next earnings date?: Astronics is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
View our ATRO earnings forecast.
How can I listen to Astronics' earnings call?: Astronics will be holding an earnings conference call on Wednesday, August 10th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13731543".
How were Astronics' earnings last quarter?: 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 had revenue of $111.84 million for the quarter, compared to the consensus estimate of $112.60 million. Astronics had a negative net margin of 3.68% and a negative trailing twelve-month return on equity of 14.30%. During the same quarter in the prior year, the business earned ($0.17) earnings per share.
What guidance has Astronics issued on next quarter's earnings?: Astronics issued an update on its second quarter 2022 earnings guidance on Monday, June, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $125.00 million-$135.00 million, compared to the consensus revenue estimate of $122.86 million.
What is Peter J. Gundermann's approval rating as Astronics' CEO?: 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.

What other stocks do shareholders of Astronics own?: 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).
What is Astronics' stock symbol?: Astronics trades on the NASDAQ under the ticker symbol "ATRO."
Who are Astronics' major shareholders?: Astronics' stock is owned by many different institutional and retail investors. Top institutional investors include Royce & Associates LP (5.19%), Roubaix Capital LLC (0.89%), Russell Investments Group Ltd. (0.13%) and Connor Clark & Lunn Investment Management Ltd. (0.08%). Insiders that own company stock include David C Burney, James Mulato, Jeffry D Frisby 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Astronics' stock price today?: One share of ATRO stock can currently be purchased for approximately $11.52.
How much money does Astronics make?: Astronics (NASDAQ:ATRO) has a market capitalization of $367.37 million and generates $444.91 million in revenue each year. The aerospace company earns $-25,580,000.00 in net income (profit) each year or ($0.54) on an earnings per share basis.
How many employees does Astronics have?: Astronics employs 2,100 workers across the globe.
Does Astronics have any subsidiaries?: The following companies are subsidiares of Astronics: AeroSat Corporation, Alliance Technology HK Limited, Armstrong Aerospace, Armstrong Aerospace Inc., Astronics Advanced Electronic Systems, Astronics Advanced Electronic Systems Corp., Astronics AeroSat Corporation, Astronics Air II LLC, Astronics Air LLC, Astronics Connectivity Systems & Certification Ukraine, Astronics Connectivity Systems and Certification Corp., Astronics Custom Controls Concepts Inc., Astronics DME LLC, Astronics France, Astronics Test Systems Inc., Ballard Technology, Ballard Technology Inc., Custom Control Concepts, DME Corporation, Diagnosys (Customer Support) Inc., Diagnosys (Pinpoint) Inc., Diagnosys Electronics (I) Private Limited, Diagnosys Ferndown Limited, Diagnosys GmbH, Diagnosys Holdings Inc., Diagnosys Inc., Diagnosys Systems Inc., Diagnosys Test Systems, Freedom Communication Technologies, Freedom Communication Technologies Inc., General Dynamics - Airborne Electronic Systems, Huizhou Telefonix Co. Ltd., LSI - Europe B.V.B.A., Luminescent Systems Canada Inc., Luminescent Systems Inc., Max-Viz, PECO, PGA ELECTRONIC, PGA Electronic s.a., Peco Inc., and Telefonix.
Read More
When was Astronics founded?: Astronics was founded in 1968.
How can I contact Astronics?: 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.

This page (NASDAQ:ATRO) was last updated on 8/10/2022 by MarketBeat.com Staff

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Astronics - ATRO Stock Forecast, Price & News

Astronics MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Astronics (NASDAQ:ATRO) Stock

Analyst Ratings Changes

Astronics Stock Up 3.8 %

ATRO Stock News Headlines

ATRO Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ATRO Stock - Frequently Asked Questions

Should I buy or sell Astronics stock right now?

What is Astronics' stock price forecast for 2022?

How has Astronics' stock performed in 2022?

When is Astronics' next earnings date?

How can I listen to Astronics' earnings call?

How were Astronics' earnings last quarter?

What guidance has Astronics issued on next quarter's earnings?

What is Peter J. Gundermann's approval rating as Astronics' CEO?

What other stocks do shareholders of Astronics own?

What is Astronics' stock symbol?

Who are Astronics' major shareholders?

How do I buy shares of Astronics?

What is Astronics' stock price today?

How much money does Astronics make?

How many employees does Astronics have?

Does Astronics have any subsidiaries?

When was Astronics founded?

How can I contact Astronics?

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