Astronics Co. (NASDAQ:ATRO) – Investment analysts at Dougherty & Co increased their FY2018 earnings per share (EPS) estimates for Astronics in a note issued to investors on Tuesday. Dougherty & Co analyst R. Ryan now expects that the aerospace company will post earnings per share of $1.90 for the year, up from their prior estimate of $1.84. Dougherty & Co currently has a “Buy” rating and a $45.00 target price on the stock.

A number of other analysts have also commented on ATRO. Canaccord Genuity reissued a “buy” rating and set a $34.00 price target on shares of Astronics in a research note on Wednesday, August 16th. SunTrust Banks reissued a “hold” rating and set a $35.00 price target on shares of Astronics in a research note on Friday, November 10th. Finally, Zacks Investment Research raised Astronics from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Astronics has a consensus rating of “Hold” and a consensus price target of $38.50.

Shares of Astronics (NASDAQ:ATRO) traded up $1.28 during mid-day trading on Friday, hitting $43.87. The stock had a trading volume of 245,100 shares, compared to its average volume of 146,923. Astronics has a 12-month low of $23.95 and a 12-month high of $43.94. The firm has a market capitalization of $1,192.56, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 2.21 and a beta of 1.09. The company has a quick ratio of 1.57, a current ratio of 3.07 and a debt-to-equity ratio of 0.52.

Astronics (NASDAQ:ATRO) last announced its quarterly earnings results on Tuesday, November 7th. The aerospace company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.14). Astronics had a net margin of 5.80% and a return on equity of 10.29%. The firm had revenue of $149.64 million for the quarter, compared to analyst estimates of $154.90 million. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year.

In other news, Director Robert J. Mckenna sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total transaction of $1,755,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.45% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of ATRO. Legal & General Group Plc increased its holdings in Astronics by 12.0% in the first quarter. Legal & General Group Plc now owns 5,084 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 543 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Astronics by 26.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,999 shares of the aerospace company’s stock worth $183,000 after purchasing an additional 1,254 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Astronics in the second quarter worth approximately $294,000. Tudor Investment Corp ET AL increased its holdings in Astronics by 28.5% in the second quarter. Tudor Investment Corp ET AL now owns 9,727 shares of the aerospace company’s stock worth $296,000 after purchasing an additional 2,158 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in Astronics by 11.2% in the second quarter. Voya Investment Management LLC now owns 10,719 shares of the aerospace company’s stock worth $327,000 after purchasing an additional 1,078 shares in the last quarter. Institutional investors own 65.68% of the company’s stock.

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Astronics Company Profile

Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.

Earnings History and Estimates for Astronics (NASDAQ:ATRO)

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