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$624.46 million
Profitability
Miscellaneous
Employees2,500
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 of Directors has initiated 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 repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.
How were Astronics' earnings last quarter?
Astronics Co. (NASDAQ:ATRO) posted its quarterly earnings results on Friday, August, 3rd. The aerospace company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.40 by $0.09. The aerospace company earned $208.60 million during the quarter, compared to the consensus estimate of $195.91 million. Astronics had a net margin of 3.71% and a return on equity of 13.19%. The business's revenue was up 38.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. 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 Thursday, February 21st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 2014936784.
What price target have analysts set for ATRO?
2 Wall Street analysts have issued twelve-month target prices for Astronics' stock. Their forecasts range from $38.00 to $39.00. On average, they expect Astronics' share price to reach $38.50 in the next year. This suggests a possible upside of 14.0% from the stock's current price. View Analyst Price Targets for Astronics.
What is the consensus analysts' recommendation for Astronics?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Astronics in the last year. There are currently 2 hold ratings 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. " (2/13/2019)
- 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?
News coverage about ATRO stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Astronics earned a daily sentiment score of 1.2 on InfoTrie's scale. They also assigned media coverage about the aerospace company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect 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 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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.10%), Dimensional Fund Advisors LP (3.24%), Geode Capital Management LLC (1.13%), Bank of New York Mellon Corp (1.00%), Northern Trust Corp (0.97%) and Millennium Management LLC (0.77%). 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 major investors are selling Astronics stock?
ATRO stock was sold by a variety of institutional investors in the last quarter, including Paradice Investment Management LLC, Dimensional Fund Advisors LP, California Public Employees Retirement System, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Victory Capital Management Inc., MetLife Investment Advisors LLC, Northern Trust Corp and ARS Investment Partners LLC. 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 major investors are buying Astronics stock?
ATRO stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, Millennium Management LLC, Reinhart Partners Inc., Geode Capital Management LLC, Mondrian Investment Partners LTD, Intrinsic Edge Capital Management LLC and United Services Automobile Association. 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 $33.76.
How big of a company is Astronics?
Astronics has a market capitalization of $1.09 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.
