Astronics Corp. Lowered to Sell at Thomson Reuters/Verus (ATRO)
Astronics Corp. (NASDAQ:ATRO) was downgraded by Thomson Reuters/Verus from a “hold” rating to a “sell” rating in a research note issued on Monday, AmericanBankingNews.com reports.
Shares of Astronics Corp. (NASDAQ:ATRO) traded up 0.55% on Monday, hitting $43.62. 32,196 shares of the company’s stock traded hands. Astronics Corp. has a 1-year low of $15.4123 and a 1-year high of $43.50. The stock has a 50-day moving average of $39.13 and a 200-day moving average of $31.3. The company has a market cap of $661.5 million and a P/E ratio of 27.11.
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 $2.07 EPS for the current fiscal year.
ATRO has been the subject of a number of other recent research reports. Analysts at Dougherty & Co raised their price target on shares of Astronics Corp. from $55.00 to $58.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Analysts at Zacks downgraded shares of Astronics Corp. 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.20.
Manufactures technical, packaging and business equipment products. Technical products include electroluminescent lamps, panels, fiberglass assemblies and related systems.
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