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 Ratio35.63
Forward P/E Ratio27.84
P/E Growth2.82
Sales & Book Value
Annual Sales$624.46 million
Price / Sales2.00
Cash Flow$2.2609 per share
Price / Cash19.70
Book Value$11.78 per share
Price / Book3.78
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$1.26 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 declared that its board has approved a stock repurchase program on Monday, December 18th 2017, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership 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 EPS for the quarter, topping the Zacks' consensus estimate of $0.40 by $0.09. The aerospace company had revenue of $208.60 million for the quarter, compared to analysts' expectations of $195.91 million. Astronics had a return on equity of 10.28% and a net margin of 2.50%. The company's revenue was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 targets for Astronics' stock. Their predictions range from $39.00 to $45.00. On average, they expect Astronics' share price to reach $41.6667 in the next twelve months. This suggests that the stock has a possible downside of 6.5%. 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)
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)
Has Astronics been receiving favorable news coverage?
News coverage about ATRO stock has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Astronics earned a news impact score of 0.12 on Accern's scale. They also assigned news articles about the aerospace company an impact score of 47.39 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Astronics.
Who are Astronics' major shareholders?
Astronics' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.32%), FMR LLC (8.80%), Dimensional Fund Advisors LP (2.85%), Paradice Investment Management LLC (2.27%), Federated Investors Inc. PA (0.51%) and Mutual of America Capital Management LLC (0.48%). Company insiders that own Astronics stock include 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, 22NW LP, Cortina Asset Management LLC, Migdal Insurance & Financial Holdings Ltd., Bank of America Corp DE, Metropolitan Life Insurance Co. NY, Advisors Asset Management Inc. and Renaissance Technologies LLC. Company insiders that have sold Astronics company stock in the last year include 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 purchased 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 $44.54.
How big of a company is Astronics?
Astronics has a market capitalization of $1.26 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.
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.
