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
Current SymbolNASDAQ:ATRO
Previous Symbol
CUSIP04643310
Phone716-805-1599
Debt
Debt-to-Equity Ratio0.70
Current Ratio3.11
Quick Ratio1.79
Price-To-Earnings
Trailing P/E Ratio25.50
Forward P/E Ratio22.13
P/E Growth2.21
Sales & Book Value
Annual Sales$624.46 million
Price / Sales1.65
Cash Flow$2.2879 per share
Price / Cash Flow13.93
Book Value$11.78 per share
Price / Book2.71
Profitability
EPS (Most Recent Fiscal Year)$1.25
Net Income$19.67 million
Net Margins3.71%
Return on Equity13.19%
Return on Assets6.02%
Miscellaneous
Employees2,500
Outstanding Shares32,310,000
Market Cap$1.03 billion
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 announced that its Board of Directors has approved a share buyback program 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 buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.
How were Astronics' earnings last quarter?
Astronics Co. (NASDAQ:ATRO) posted its quarterly earnings results on Thursday, November, 8th. The aerospace company reported $0.52 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.05. The aerospace company had revenue of $212.67 million for the quarter, compared to analyst estimates of $208.59 million. Astronics had a net margin of 3.71% and a return on equity of 13.19%. The firm's quarterly revenue was up 42.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. View Astronics' Earnings History.
When is Astronics' next earnings date?
What guidance has Astronics issued on next quarter's earnings?
Astronics updated its FY 2018 earnings guidance on Monday, November, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $790-800 million, compared to the consensus revenue estimate of $798.71 million.Astronics also updated its Q4 2018 guidance to EPS.
What price target have analysts set for ATRO?
2 brokers have issued 12 month price targets for Astronics' stock. Their forecasts range from $38.00 to $39.00. On average, they expect Astronics' stock price to reach $38.50 in the next twelve months. This suggests a possible upside of 20.8% 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. " (12/11/2018)
- 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)
Has Astronics been receiving favorable news coverage?
Headlines about ATRO stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of 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 coverage optimism score of 1.3 on InfoTrie's scale. They also gave news coverage about the aerospace company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
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. (8.96%), FMR LLC (8.30%), Neuberger Berman Group LLC (4.53%), Vanguard Group Inc. (3.67%), Vanguard Group Inc (3.67%) and Dimensional Fund Advisors LP (3.79%). 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 Franklin Resources Inc., Paradice Investment Management LLC, FMR LLC, BlackRock Inc., NWQ Investment Management Company LLC, Neuberger Berman Group LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and ACK Asset Management 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 institutional investors are buying Astronics stock?
ATRO stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Federated Investors Inc. PA, Citadel Advisors LLC, Vanguard Group Inc, Vanguard Group Inc., Paloma Partners Management Co, Dynamic Technology Lab Private Ltd and Advisors Asset 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 $31.87.
How big of a company is Astronics?
Astronics has a market capitalization of $1.03 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.
