Astronics Receives New Coverage from Analysts at DA Davidson (ATRO)
Investment analysts at DA Davidson started coverage on shares of Astronics (NASDAQ:ATRO) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
In other Astronics news, VP James S. Kramer unloaded 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $63.73, for a total transaction of $191,190.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Astronics (NASDAQ:ATRO) opened at 54.03 on Friday. Astronics has a 52-week low of $30.9199 and a 52-week high of $60.7238. The stock has a 50-day moving average of $49.36 and a 200-day moving average of $49.25. The company has a market cap of $1.022 billion and a P/E ratio of 29.05.
Astronics (NASDAQ:ATRO) last announced its earnings results on Wednesday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. The company had revenue of $174.60 million for the quarter, compared to the consensus estimate of $157.83 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 146.6% on a year-over-year basis. On average, analysts predict that Astronics will post $2.76 earnings per share for the current fiscal year.
ATRO has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of Astronics in a research note on Thursday, August 7th. They set a “buy” rating and a $72.00 price target on the stock. Analysts at KeyCorp downgraded shares of Astronics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 30th.
Astronics Corporation is a supplier of products to the aerospace and defense industries. The Company’s products include lighting systems, electrical power generation systems, aircraft safety systems, electrical power distribution systems and avionics databus products for the global aerospace industry, as well as test, training and simulation systems for the military.
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