Astronics Corp. (ATRO) Announces Quarterly Earnings, Misses Estimates By $0.10 EPS
Astronics Corp. (NASDAQ:ATRO) released its earnings data on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.10, Stock Ratings Network.com reports. The company had revenue of $105.50 million for the quarter, compared to the consensus estimate of $106.16 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 56.5% on a year-over-year basis.
Shares of Astronics Corp. (NASDAQ:ATRO) opened at 61.49 on Wednesday. Astronics Corp. has a 52 week low of $19.8078 and a 52 week high of $66.42. The stock’s 50-day moving average is $57.91 and its 200-day moving average is $47.00. The company has a market cap of $1.091 billion and a price-to-earnings ratio of 39.89.
A number of research firms have recently commented on ATRO. Analysts at Dougherty & Co raised their price target on shares of Astronics Corp. from $65.00 to $84.00 in a research note on Friday, February 14th. They now have a “buy” rating on the stock. On a related note, analysts at Zacks downgraded shares of Astronics Corp. from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 13th. They now have a $68.30 price target on the stock. Finally, analysts at KeyCorp raised their price target on shares of Astronics Corp. from $56.00 to $70.00 in a research note on Friday, January 17th.
Manufactures technical, packaging and business equipment products. Technical products include electroluminescent lamps, panels, fiberglass assemblies and related systems.
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