Astronics (NASDAQ:ATRO) Announces Earnings Results

Astronics (NASDAQ:ATRO) issued its quarterly earnings results on Tuesday. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.27, Zacks reports. Astronics had a negative net margin of 0.82% and a positive return on equity of 6.94%. The business had revenue of $208.54 million for the quarter, compared to analysts’ expectations of $194.91 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. Astronics updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Astronics Stock Up 24.8 %

Shares of Astronics stock opened at $24.91 on Thursday. The company has a quick ratio of 1.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.72. Astronics has a 52-week low of $14.13 and a 52-week high of $25.54. The company has a market capitalization of $878.38 million, a P/E ratio of -131.10 and a beta of 1.79. The company has a 50 day moving average of $17.67 and a 200 day moving average of $18.23.

Analyst Ratings Changes

Several equities analysts have commented on ATRO shares. StockNews.com raised shares of Astronics from a “hold” rating to a “buy” rating in a research report on Thursday. Truist Financial lifted their target price on Astronics from $17.00 to $23.00 and gave the company a “hold” rating in a report on Wednesday.

About Astronics

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.