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. This segment serves airframe manufacturers (OEM) that build aircraft for the commercial, military, and general aviation markets; suppliers; and aircraft operators, such as airlines and branches of the U.S. Department of Defense, as well as the Federal Aviation Administration and airport operators. The Test Systems segment designs, develops, manufactures, and maintains automated test systems that support the semiconductor, aerospace, communications, and weapons test systems, 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 also provides cabin management and in-flight entertainment systems for a range of aircraft, as well as design consultancy services for the aerospace industry. Astronics Corporation was founded in 1968 and is headquartered in East Aurora, New York.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Aircraft parts & equipment, not elsewhere classified
Sub-IndustryAerospace & Defense
SectorAerospace
Current SymbolNASDAQ:ATRO
Previous Symbol
CUSIP04643310
Phone716-805-1599
Debt
Debt-to-Equity Ratio0.70
Current Ratio3.11
Quick Ratio1.79
Price-To-Earnings
Trailing P/E Ratio24.44
Forward P/E Ratio21.40
P/E Growth2.09
Sales & Book Value
Annual Sales$624.46 million
Price / Sales1.59
Cash Flow$2.3437 per share
Price / Cash13.15
Book Value$11.43 per share
Price / Book2.70
Profitability
EPS (Most Recent Fiscal Year)$1.25
Net Income$19.67 million
Net Margins3.71%
Return on Equity13.19%
Return on Assets6.02%
Miscellaneous
Employees2,500
Outstanding Shares32,310,000
Market Cap$969.42 million
OptionableNot Optionable
Astronics (NASDAQ:ATRO) Frequently Asked Questions
What is Astronics' stock symbol?
Astronics trades on the NASDAQ under the ticker symbol "ATRO."
How will Astronics' stock buyback program work?
Astronics declared that its board has authorized a share buyback plan on Monday, December 18th 2017, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.
How were Astronics' earnings last quarter?
Astronics Co. (NASDAQ:ATRO) issued its earnings results on Thursday, November, 8th. The aerospace company reported $0.52 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.47 by $0.05. The aerospace company earned $212.67 million during the quarter, compared to analyst estimates of $208.59 million. Astronics had a net margin of 3.71% and a return on equity of 13.19%. The business's quarterly revenue was up 42.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. View Astronics' Earnings History.
When is Astronics' next earnings date?
What guidance has Astronics issued on next quarter's earnings?
Astronics issued an update on its FY 2018 earnings guidance on Monday, November, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $790-800 million, compared to the consensus revenue estimate of $798.71 million.Astronics also updated its Q4 2018 guidance to EPS.
What price target have analysts set for ATRO?
3 equities research analysts have issued 1-year price objectives for Astronics' stock. Their forecasts range from $38.00 to $45.00. On average, they anticipate Astronics' stock price to reach $40.6667 in the next year. This suggests a possible upside of 31.9% from the stock's current price. View Analyst Price Targets for Astronics.
What is the consensus analysts' recommendation for Astronics?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Astronics in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Astronics.
What are Wall Street analysts saying about Astronics stock?
Here are some recent quotes from research analysts about Astronics stock:
- 1. According to Zacks Investment Research, "Astronics Corporation is a manufacturer of specialized lighting and electronics for the cockpit, cabin and exteriors of military, commercial transport and private business jet aircraft. A major lighting and electronics supplier to the aircraft industry, its strategy is to expand from a components and subsystems supplier to an aircraft lighting systems integrator, increasing the value and content it provides to various aircraft platforms. Luminescent Systems Inc. is Astronics' primary operating subsidiary which produces its aerospace and defense products. " (10/8/2018)
- 2. Canaccord Genuity analysts commented, "We believe the Test segment provided ~$0.10 of the upside in the quarter relative to our expectations. Surprisingly, all of the top-line increase in the Test segment was in the semiconductor market, with A&D test sales down in the quarter." (8/3/2018)
Has Astronics been receiving favorable news coverage?
Media stories about ATRO stock have been trending very positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Astronics earned a daily sentiment score of 3.1 on InfoTrie's scale. They also gave news stories about the aerospace company a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an impact on the stock's share price in the immediate future.
Who are some of Astronics' key competitors?
Who are Astronics' key executives?
Astronics' management team includes the folowing people:
- Mr. Peter J. Gundermann, Pres, CEO & Director (Age 55)
- Mr. David C. Burney, Exec. VP of Fin., CFO & Sec. (Age 55)
- Mr. James S. Kramer, Exec. VP (Age 54)
- Mr. Mark A. Peabody, Exec. VP (Age 59)
- Mr. James F. Mulato, Pres of Astronics Test Systems Inc (Age 57)
Who are Astronics' major shareholders?
Astronics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.96%), FMR LLC (8.30%), Neuberger Berman Group LLC (4.53%), Dimensional Fund Advisors LP (3.79%), ACK Asset Management LLC (3.50%) and NWQ Investment Management Company LLC (2.58%). Company insiders that own Astronics stock include James S Kramer, Mark Peabody, Peter J Gundermann and Robert J Mckenna. View Institutional Ownership Trends for Astronics.
Which institutional investors are selling Astronics stock?
ATRO stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Paradice Investment Management LLC, FMR LLC, BlackRock Inc., NWQ Investment Management Company LLC, Neuberger Berman Group LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and ACK Asset Management LLC. Company insiders that have sold Astronics company stock in the last year include James S Kramer, Mark Peabody, Peter J Gundermann and Robert J Mckenna. View Insider Buying and Selling for Astronics.
Which institutional investors are buying Astronics stock?
ATRO stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Citadel Advisors LLC, Paloma Partners Management Co, Dynamic Technology Lab Private Ltd, Advisors Asset Management Inc., Renaissance Technologies LLC, Engineers Gate Manager LP and Redhawk Wealth Advisors Inc.. View Insider Buying and Selling for Astronics.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Astronics' stock price today?
One share of ATRO stock can currently be purchased for approximately $30.82.
How big of a company is Astronics?
Astronics has a market capitalization of $969.42 million and generates $624.46 million in revenue each year. The aerospace company earns $19.67 million in net income (profit) each year or $1.25 on an earnings per share basis. Astronics employs 2,500 workers across the globe.
What is Astronics' official website?
How can I contact Astronics?
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]
MarketBeat Community Rating for Astronics (NASDAQ ATRO)
MarketBeat's community ratings are surveys of what our community members think about Astronics and other stocks. Vote "Outperform" if you believe ATRO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ATRO will underperform the S&P 500 over the long term. You may vote once every thirty days.
