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
Industry Aircraft parts & equipment, not elsewhere classified
Sub-IndustryAerospace & Defense
SectorAerospace
Phone716-805-1599
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$803.26 million
Profitability
Miscellaneous
Employees2,700
Next Earnings Date5/7/2019 (Confirmed)
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 initiated a stock repurchase program on Monday, December 18th 2017, which permits the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.
How were Astronics' earnings last quarter?
Astronics Co. (NASDAQ:ATRO) posted its earnings results on Thursday, February, 21st. The aerospace company reported $0.37 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.03. The aerospace company earned $202.92 million during the quarter, compared to analysts' expectations of $195.09 million. Astronics had a return on equity of 12.95% and a net margin of 5.83%. The firm's quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.18) EPS. View Astronics' Earnings History.
When is Astronics' next earnings date?
How can I listen to Astronics' earnings call?
Astronics will be holding an earnings conference call on Tuesday, May 7th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What guidance has Astronics issued on next quarter's earnings?
Astronics issued an update on its FY 2019 earnings guidance on Thursday, February, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $760-805 million, compared to the consensus revenue estimate of $827.51 million.
What price target have analysts set for ATRO?
1 Wall Street analysts have issued 12 month target prices for Astronics' stock. Their predictions range from $38.00 to $38.00. On average, they anticipate Astronics' share price to reach $38.00 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price. View Analyst Price Targets for Astronics.
What is the consensus analysts' recommendation for Astronics?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Astronics in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Astronics.
Has Astronics been receiving favorable news coverage?
News headlines about ATRO stock have been trending neutral recently, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Astronics earned a daily sentiment score of 0.5 on InfoTrie's scale. They also gave news articles about the aerospace company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.
Are investors shorting Astronics?
Astronics saw a drop in short interest in the month of March. As of March 29th, there was short interest totalling 354,723 shares, a drop of 42.3% from the March 15th total of 614,796 shares. Based on an average daily trading volume, of 164,007 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.5% of the shares of the stock are short sold. View Astronics' Current Options Chain.
Who are some of Astronics' key competitors?
What other stocks do shareholders of Astronics own?
Who are Astronics' key executives?
Astronics' management team includes the folowing people:
- Mr. Peter J. Gundermann, Pres, CEO & Director (Age 56)
- Mr. David C. Burney, Exec. VP of Fin., CFO & Sec. (Age 56)
- Mr. James S. Kramer, Exec. VP (Age 55)
- Mr. Mark A. Peabody, Exec. VP (Age 60)
- Mr. James F. Mulato, Pres of Astronics Test Systems Inc (Age 58)
Who are Astronics' major shareholders?
Astronics' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Reinhart Partners Inc. (0.50%), Scout Investments Inc. (0.41%), Roubaix Capital LLC (0.25%), Tealwood Asset Management Inc. (0.20%), Tibra Equities Europe Ltd (0.10%) and Virginia Retirement Systems ET AL (0.07%). 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 Scout Investments Inc. and Tealwood Asset Management Inc.. Company insiders that have sold Astronics company stock in the last year include James S Kramer, Mark Peabody and Peter J Gundermann. View Insider Buying and Selling for Astronics.
Which institutional investors are buying Astronics stock?
ATRO stock was purchased by a variety of institutional investors in the last quarter, including Roubaix Capital LLC, Reinhart Partners Inc., Tibra Equities Europe Ltd, BNP Paribas Arbitrage SA, Virginia Retirement Systems ET AL and Mesirow Financial Investment Management 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 $32.97.
How big of a company is Astronics?
Astronics has a market capitalization of $1.07 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.
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.
