Astronics (NASDAQ:ATRO – Get Free Report) had its price objective dropped by analysts at Truist Financial from $22.00 to $20.00 in a research report issued on Friday, Marketbeat reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price target would indicate a potential upside of 5.21% from the company’s previous close.
Astronics Price Performance
Shares of ATRO opened at $19.01 on Friday. The company has a 50 day moving average of $19.97 and a two-hundred day moving average of $19.60. The company has a quick ratio of 1.50, a current ratio of 2.92 and a debt-to-equity ratio of 0.67. Astronics has a twelve month low of $14.11 and a twelve month high of $23.74. The company has a market cap of $662.35 million, a price-to-earnings ratio of -24.69 and a beta of 1.82.
Astronics (NASDAQ:ATRO – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The aerospace company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). Astronics had a negative return on equity of 0.31% and a negative net margin of 1.57%. The business had revenue of $198.11 million during the quarter, compared to analyst estimates of $191.19 million. During the same period in the previous year, the business earned ($0.37) EPS. As a group, analysts predict that Astronics will post 0.36 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Astronics
Astronics Company Profile
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.
Recommended Stories
- Five stocks we like better than Astronics
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- What Are Dividend Challengers?
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- The Basics of Support and Resistance
- MarketBeat Week in Review – 10/14 – 10/18
Receive News & Ratings for Astronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astronics and related companies with MarketBeat.com's FREE daily email newsletter.