NASDAQ:ATRO - Astronics Stock Price, News & Analysis

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

Astronics declared that its Board of Directors has approved a share buyback plan on Monday, December 18th 2017, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Astronics Co. (NASDAQ:ATRO) issued its quarterly earnings results on Monday, August, 5th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.16. The aerospace company earned $189.10 million during the quarter, compared to the consensus estimate of $188.80 million. Astronics had a return on equity of 12.24% and a net margin of 14.07%. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. 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 issued an update on its FY 2019 earnings guidance on Monday, August, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $740-775 million.

4 equities research analysts have issued 12 month price objectives for Astronics' stock. Their predictions range from $26.00 to $42.00. On average, they expect Astronics' stock price to reach $36.50 in the next twelve months. This suggests a possible upside of 14.3% 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.

News articles about ATRO stock have been trending negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Astronics earned a news sentiment score of -2.9 on InfoTrie's scale. They also assigned press coverage about the aerospace company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Astronics.

Astronics saw a increase in short interest in the month of 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 volume of 336,300 shares, the short-interest ratio is presently 1.4 days. Approximately 2.0% of the shares of the company 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 retail and institutional investors. Top institutional shareholders 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 bought 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 $31.92.

Astronics has a market capitalization of $1.04 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]