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
SymbolNASDAQ:ATRO
CUSIP04643310
Phone716-805-1599
Debt
Debt-to-Equity Ratio0.75
Current Ratio3.05
Quick Ratio1.68
Price-To-Earnings
Trailing P/E Ratio34.73
Forward P/E Ratio27.18
P/E Growth2.72
Sales & Book Value
Annual Sales$624.46 million
Price / Sales1.96
Cash Flow$2.2829 per share
Price / Cash19.05
Book Value$11.78 per share
Price / Book3.69
Profitability
EPS (Most Recent Fiscal Year)$1.25
Net Income$19.67 million
Net Margins2.50%
Return on Equity10.28%
Return on Assets4.79%
Miscellaneous
Employees2,500
Outstanding Shares28,100,000
Market Cap$1.22 billion
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 announced that its board has initiated a stock buyback 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 repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.
How were Astronics' earnings last quarter?
Astronics Co. (NASDAQ:ATRO) released its quarterly earnings results on Friday, August, 3rd. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.09. The aerospace company earned $208.60 million during the quarter, compared to analyst estimates of $195.91 million. Astronics had a net margin of 2.50% and a return on equity of 10.28%. The firm's revenue for the quarter was up 38.1% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. View Astronics' Earnings History.
When is Astronics' next earnings date?
What price target have analysts set for ATRO?
3 equities research analysts have issued 12 month price objectives for Astronics' stock. Their predictions range from $39.00 to $45.00. On average, they anticipate Astronics' stock price to reach $41.6667 in the next twelve months. This suggests that the stock has a possible downside of 3.3%. 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. " (8/8/2018)
- 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)
Are investors shorting Astronics?
Astronics saw a decline in short interest in the month of August. As of August 15th, there was short interest totalling 505,049 shares, a decline of 45.4% from the July 31st total of 924,737 shares. Based on an average trading volume of 175,095 shares, the short-interest ratio is currently 2.9 days. Currently, 2.4% of the shares of the company are short sold. View Astronics' Current Options Chain.
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 number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.32%), FMR LLC (8.80%), FMR LLC (8.80%), Dimensional Fund Advisors LP (2.85%), Paradice Investment Management LLC (2.27%) and Northern Trust Corp (1.14%). 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 FMR LLC, FMR LLC, 22NW LP, Cortina Asset Management LLC, Migdal Insurance & Financial Holdings Ltd., Bank of America Corp DE, Metropolitan Life Insurance Co. NY and Advisors Asset Management Inc.. 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Federated Investors Inc. PA, Tealwood Asset Management Inc., Paradice Investment Management LLC, United Services Automobile Association, Sei Investments Co., Mutual of America Capital Management LLC and Mondrian Investment Partners LTD. 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 $43.11.
How big of a company is Astronics?
Astronics has a market capitalization of $1.22 billion 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.
