Astronics Corp. Sets New 1-Year High at $49.00 (ATRO)
Shares of Astronics Corp. (NASDAQ:ATRO) hit a new 52-week high during mid-day trading on Tuesday, Analyst Ratings Network reports. The stock traded as high as $49.00 and last traded at $48.97, with a volume of 41,930 shares trading hands. The stock had previously closed at $48.52.
ATRO has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of Astronics Corp. (NASDAQ:ATRO) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 12th. Separately, analysts at Zacks downgraded shares of Astronics Corp. (NASDAQ:ATRO) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $46.80 price target on the stock. Finally, analysts at Dougherty & Co reiterated a “buy” rating on shares of Astronics Corp. (NASDAQ:ATRO) in a research note to investors on Wednesday, July 10th. They now have a $46.00 price target on the stock.
Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $43.20.
Astronics Corp. has a 52-week low of $19.25 and a 52-week high of $49.00. The stock’s 50-day moving average is $44.08 and its 200-day moving average is $36.41. The company has a market cap of $710.7 million and a price-to-earnings ratio of 30.33.
Astronics Corp. (NASDAQ:ATRO) last announced its earnings results on Wednesday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.11. The company had revenue of $70.83 million for the quarter, compared to the consensus estimate of $74.72 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Astronics Corp. will post $2.02 EPS for the current fiscal year.
Manufactures technical, packaging and business equipment products. Technical products include electroluminescent lamps, panels, fiberglass assemblies and related systems.
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