Auriga Reiterates Buy on Astronics (ATRO)
Shares of Astronics traded down 0.94% during mid-day trading on Monday, hitting $31.45. Astronics has a 52 week low of $23.41 and a 52 week high of $38.02. The company has a market cap of $388.6 million and a P/E ratio of 19.01.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.46 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.44 EPS by $0.02. The company’s quarterly revenue was up 18.1% on a year-over-year basis. On average, analysts predict that Astronics will post $0.46 earnings per share next quarter.
Separately, analysts at Zacks downgraded shares of Astronics from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, February 6th.
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 and electrical power distribution systems for the global aerospace industry, as well as test, training and simulation systems primarily for the military.